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  • LONDON, March 18- The World Health Organization has suspended the approval of tuberculosis drugs made by India's Svizera Labs, a major supplier to developing countries, following an investigation into standards. The United Nations agency, which acts as a drug watchdog in markets lacking robust local regulation, said on Friday it had suspended all TB products...

  • LONDON, March 18- India's gasoline consumption is surging and has become of the fastest-growing components of global oil demand. Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries are relying on India's continued consumption growth to help absorb excess crude supply and rebalance the oil market in 2016/ 17..

  • BRUSSELS, March 18- Two out of three online content providers block consumers in another EU country from buying their products or services and could face investigation, European Union antitrust regulators said on Friday. The enquiry is part of the Commission's campaign to spur growth in e-commerce and help the bloc catch up with Asia and the United States.

  • Brent crude's front-month contract touched $41.71 a barrel-- its highest this year-- in early trading and was down 7 cents at $41.47 by 1005 GMT. Oil prices have climbed by more than 50 percent from 12- year lows reached in December, bolstered as the Organization of the Petroleum Exporting Countries floated the idea of a production freeze, boosting Brent from about...

  • Brent crude's front-month contract was 20 cents lower at $41.34 a barrel by 0928 GMT, having earlier touched $41.71, its highest this year. U.S. crude was down 10 cents at $40.10 barrel, after rising to as high as $40.55-- higher than the previous peak of $40.36 reached on Thursday. "There is continuing jaw-boning about production cuts from OPEC members and...

  • BEIJING, March 18- China should open its markets to foreign business and implement overdue reforms if it wants to achieve its economic goals, a European business lobby said on Friday, weighing in on Beijing's new five-year plan. The European Union Chamber of Commerce in China said it welcomed China's goals to increase innovation, reform state-owned firms, and...

  • NEW YORK, March 17- Oil prices hit 2016 highs on Thursday, with U.S. crude surging 5 percent to pierce the $40 barrier, on optimism that major producers will strike an output freeze deal next month amid rising crude exports and gasoline demand in the United States. OPEC kingpin Saudi Arabia and non- OPEC producers led by Russia will meet on April 17 in the Qatar capital...

  • *U.S. crude up 4 pct to above $40, Brent up 3 pct to above $41. NEW YORK, March 17- Oil prices hit 2016 highs on Thursday, with U.S. crude piercing the $40 psychological barrier, on optimism that major producers will strike an output freeze deal next month amid soaring gasoline demand in the United States. OPEC kingpin Saudi Arabia and non- OPEC producers led by Russia will...

  • NEW YORK, March 17- U.S. crude hit 2016 highs on Thursday as oil markets rallied for a second straight day on optimism major producers will strike an output freeze deal in Qatar next month amid soaring gasoline demand in the United States. OPEC kingpin Saudi Arabia and non- OPEC producers led by Russia will meet on April 17 in the Qatar capital Doha, increasing the...

  • *OPEC, non- OPEC to meet April 17 on output freeze plan. OPEC and non- OPEC producers including the top two exporters, Saudi Arabia and Russia, will hold talks on April 17 in Qatar over a plan to freeze output, increasing the likelihood of the first global supply deal in 15 years. Brent crude was up 51 cents at $40.84 by 1335 GMT and traded as high as $41.44.

  • *OPEC, non- OPEC to meet April 17 on output freeze plan. LONDON, March 17- Oil rose above $41 a barrel on Thursday, trading close to a 2016 high, bolstered by a plan among some of the world's biggest producers to meet next month to discuss supporting the market. OPEC and non- OPEC producers including the top two exporters, Saudi Arabia and Russia, will meet on April 17 in Qatar...

  • CAPE TOWN- WTO DIRECTOR GENERAL AZEVEDO HOPES THE PROCESS WILL MOVE AS QUICKLY, MUCH WILL DEPEND ON IRAN'S ABILITY TO MAKE PROPOSALS.

  • PRESTON, England, March 17- Arguments on the merits of the European Union and whether workers should gamble with their jobs by voting to leave the bloc are becoming something of an obsession on factory floors across Britain. At one plant which makes Typhoon eurofighter jets for BAE Systems in northwestern England, employees have gone over the debate so many...

  • *Norway has been cited as model for Britain if it leaves the EU. OSLO, March 16- It sounds like the best of both worlds: Norway sells fresh and frozen salmon worth billions of dollars to the European Union almost tariff-free, while curbing EU food imports to protect local farmers. Norway, unlike Britain, has joined the passport-free Schengen area facilitating worker...

  • Oil producers including Gulf OPEC members support holding talks next month on a deal to keep production at current levels, even if Iran declines to participate, OPEC sources said on Wednesday. U.S. crude was up 65 cents at $39.11 a barrel at 0452 GMT, having earlier risen as high as $39.38. Brent crude rose 38 cents to $40.71, after finishing up $1.59, or 4.1 percent, at...

  • TOKYO, March 17- Oil futures rose 2 percent in Asian trade on Thursday, adding to strong gains in the previous session after the world's biggest suppliers firmed up plans to meet to discuss an output freeze. Oil producers including Gulf OPEC members support holding talks next month on a deal to keep production at current levels even if Iran declines to...

  • TOKYO, March 17- U.S. oil futures rose more than 2 percent in early Asian trade on Thursday, adding to strong gains the previous session after the world's biggest suppliers firmed up plans to meet to discuss freezing output. Oil producers including Gulf OPEC members support holding talks next month on a deal to keep production at current levels even if Iran...

  • LONDON, March 16- Doubling the share of renewables in the global energy mix to 36 percent by 2030 could save the would economy up to $4.2 trillion a year, research by the International Renewable Energy Agency showed on Wednesday. Doubling the current share would help achieve a global target to limit the rise in the global average temperature to below 2 degrees...

  • LONDON, March 16- British finance minister George Osborne handed tax sweeteners to voters and small businesses ahead of a June referendum on European Union membership but warned the economy would grow more slowly than previously forecast. Cuts in corporation and capital gains taxes and moves to ease income tax for many households were also aimed at pleasing...

  • BRUSSELS, March 16- The European Union warned on Wednesday that a deal with Turkey to curb mass migration to Europe hinges on Ankara acting to support peace talks in EU member Cyprus. European Council President Donald Tusk, who will chair an EU summit on Thursday and Friday, said much remained to be done to reach a deal with Turkey. EU officials offered last-minute...