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Church of England dumps all oil and gas investments
Church of England dumps all oil and gas investments
by  AFP

Campaigners on Thursday hailed a move by the Church of England to exclude all oil and gas majors from its investment portfolio because of climate concerns. "With the 2021 exclusions and those announced today, the Church Commissioners (for England) will have excluded all oil and gas majors," it said.

US home sales tick up in May but activity muted
US home sales tick up in May but activity muted
by  AFP

Sales of existing homes in the United States edged up in May but activity remained muted on tighter supply and with interest rates still elevated, according to industry data released Thursday. Another factor, however, is available inventory and "existing-home sales activity is down sizably due to the current supply being roughly half the level of 2019," Yun said in a statement.

Cash-strapped Pakistan to lease part of Karachi port to UAE for $220 million
Cash-strapped Pakistan to lease part of Karachi port to UAE for $220 million
by  AFP

AD Ports Group of the United Arab Emirates (UAE) signed an agreement Thursday to take over the running of part of Pakistan's main Karachi docking facility in a deal worth an immediate $220 million, the company said. AD Ports Group has formed a joint venture with another UAE company, Kaheel Terminals, to take over berths from Karachi Port Trust (KPT), the state-owned handling agency.

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