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World oil market 'lopsided' as supply outpaces demand: IEA
World oil market 'lopsided' as supply outpaces demand: IEA
Business and Economy
by  AFP

The world's oil market is experiencing a period of imbalance as growing supply outstrips demand despite stronger deliveries to China, the International Energy Agency (IEA) said Thursday. "Global oil market balances are looking increasingly lopsided, as world oil supply is forging ahead while oil demand growth remains modest by historical standards," the IEA said.

Google to pay millions to South African news outlets: watchdog
Google to pay millions to South African news outlets: watchdog
Business and Economy
by  AFP

Google will pay more than $40 million to support South African news media, many of them floundering in a digital age, the country's competition authority said Thursday. In February, the Competition Commission had recommended that Google pay up to $27 million a year for five years, following a 16-month investigation that found Google searches favoured international news over local outlets.