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Shell abandons huge biofuel project in Netherlands
Shell abandons huge biofuel project in Netherlands
by  AFP

British oil giant Shell announced Wednesday it has abandoned construction of one of Europe's largest biofuel plants in the Netherlands, as it focuses on its fossil fuels business. Shell and rival UK energy giant BP have been walking back various climate objectives and focusing more on oil and gas to raise their profits, which has drawn criticism from environmental activists.

Japan's long-term borrowing costs, gold hit record highs
Japan's long-term borrowing costs, gold hit record highs
by  AFP

A global bond selloff extended into Asia on Wednesday with yields in Japan hitting record levels, while gold reached a new peak as investors fret about public finances in countries from Japan to the United States. The selloff in Japanese debt mirrors widespread moves in the United States and Europe, with investors spooked over substantial piles of government debt globally.

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