The most widely-reported result of the recent G-7 meeting was Japan’s attempt to convince the other major economies to admit that a crisis is imminent and take appropriately radical steps. The response seems to have been a bunch of blank stares. As India’s Business Standard noted:
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The United Arab Emirates’s economy minister joined forecasters looking for $60 crude this year with demand and production moving more in line.
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People tend to equate man-made energy infrastructure with climate change—oil wells are seen as heavily polluting, for example, although windmills get a pass as clean and green. Pastures of grazing cattle don’t evoke the same sentiment, despite the fact that cattle are easily the world’s largest emitters of methane, a major cause of global warming.
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Members of the public will have the opportunity to make their voices heard on several land amendments proposed during three public hearings at today’s Lethbridge City Council meeting.
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Otago’s property boom ranges from recovery to crisis, to speculators, inflated prices, hard-pressed first home buyers and visions of affordable housing subdivisions. Business reporter Simon Hartley takes a snapshot from Colliers Internationals’ annual property review, with Colliers’ Dunedin-based associate director Dean Collins.
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The last time Rogers Place opened its doors to the public, fans braved frigid January temperatures for a look inside the new downtown arena. They also had to use their imaginations to get a sense of the finished product, since it was little more than a bare concrete bowl with a roof.
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Sales continue to fall from year-ago levels in Calgary’s struggling resale housing market.
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Total global oil production could decline for the next several years in a row as scarce new sources of supply come online.
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Falling oil prices which started in late 2014 have highlighted an increased emphasis on the cost of producing oil, particularly from shale oil formations in the U.S. With 50 percent of U.S. oil production coming from U.S. shale, analysts initially estimated breakeven prices for shale oil operations to be at $75 per barrel, then lowering those estimates to $50 per barrel, and now, in some core regions, breakeven prices are as low as $30-$35 per barrel.
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If you are facing a huge increase in rent, you’re not alone. Apartment rental rates have skyrocketed across Kuwait even as summer approaches. Though most apartment dwellers have not seen salaries rise, landlords are looking for ever higher returns. Some landlords even ignore the five-year rule and raise rents against the law. Many tenants are ignorant or unsure of what to do, but a growing number of both local and expat tenants in Kuwait are not ready to give up without a fight.
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