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OPEC committee backs cut extension until end-2018 with June review

Heinz-Peter Bader | Reuters OPEC Secretary-General Mohammad Barkindo addresses a news conference in Vienna, Austria, November 7, 2017. A joint OPEC and non-OPEC technical committee recommended extending global cuts in oil supply until the end of next year, with an option to review the deal in June, two sources with …

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The internet will not destroy TV

Sportsfile | Getty Images Sky chief executive Jeremy Darroch at a conference in Dublin, Ireland in 2015 “America simply does not have our rich historic tapestry to tap into and, while U.S. drama formats set the benchmark for quality, they cannot compete for diversity and cultural resonance,” he said, according …

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Irish deputy leader reportedly agrees to resign over political crisis, potentially halting elections

Clodagh Kilcoyne | Getty Images Frances Fitzgerald, current Irish Deputy Prime Minister and then-Minister for Justice and Equality, at Dublin Castle on Nov. 10, 2015 in Dublin, Ireland. Irish Deputy Prime Minister Frances Fitzgerald is expected to announce her resignation this afternoon, according to local media reporting unnamed government sources. …

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Airlines to rake in record $57 billion in passenger fees this year

Patrick T. Fallon | Bloomberg | Getty Images A ground operations employee loads baggage onto a Southwest Airlines plane at John Wayne Airport in Santa Ana, California. Travelers who value such comforts as legroom, a checked bag, a blanket to keep warm, dinner or sitting beside their loved ones during …

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Wells Fargo bankers overcharged clients for higher bonuses

Spencer Platt | Getty Images People walk by a Wells Fargo bank branch on October 13, 2017 in New York City. Evidence that embattled bank Wells Fargo had swindled some of its clients emerged in a June conference call led by its managers, according to two employees who were present …

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Indonesia extends Bali airport closure due to Agung volcano eruption

Johannes P. Christo | Reuters A villager walks as Mount Agung volcano erupts in the background in Kubu, Karangasem, Bali, Indonesia November 27, 2017. Indonesia’s transportation ministry said on Tuesday it will extend the closure of Bali’s I Gusti Ngurah Rai International Airport for a further 24 hours because of …

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Bitcoin could ‘easily’ reach $40,000 by the end of 2018: Novogratz

Former Fortress hedge fund manager Michael Novogratz said Monday that bitcoin can multiply more than four times in roughly the next 13 months. “Bitcoin could be at $40,000 at the end of 2018. It easily could,” Michael Novogratz said Monday on CNBC’s “Fast Money.” “Ethereum, which I think just touched …

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Irish government united on issue of border despite growing political rifts, finance minister says

Niall Carson | PA Images | Getty Images Finance Minister Paschal Donohoe during a press conference at the Department of Finance in Dublin where he made a statement on how the long-running affair into the tracker mortgage overcharging scandal will be handled in the coming months. Irish Finance Minister Paschal …

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The rise of Amazon and other online giants is creating a new sweet spot in UK real estate

Peter Macdiarmid | Getty Images Parcels are prepared for dispatch at Amazon’s warehouse in Hemel Hempstead, England. Miles Gibson, head of U.K. research at commercial real estate services and investment firm CBRE, told CNBC last week that industrials and logistics are performing “very strongly… and investors are seeing double-digit returns.” …

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Cartel poised to announce deal extension despite Russia concerns

Leonhard Foeger | Reuters OPEC President, Saudi Arabia’s Energy Minister Khalid al-Falih, and OPEC Secretary General Mohammad Barkindo talk to journalists before the beginning of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, May 25, 2017. OPEC ministers head to Vienna on Thursday to …

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