State Grid Corp. of China is nearing an agreement to acquire a 49% stake in Oman’s state-owned transmission company in the first major privatization by the Middle East’s largest non-OPEC oil producer, people with knowledge of the matter said.
A new A$100 million ($69 million) investment fund aims to boost the proportion of refuse recycled in Australia and encourage innovation to prevent trash from ending up in landfills, the government said.
Australian motorists are being advised to boycott “price-gauging” gasoline retailers as fuel prices surge across major cities ahead of the Christmas holidays.
A company in Sweden has doubled sales in a year by selling a $5 toothbrush and has attracted investments despite donating a slice of the profits to charity.
U.S. lawmakers led by Senate Finance Committee Chairman Charles Grassley are negotiating a potential revival of expired tax breaks in last-minute negotiations over a government spending bill.
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