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Giant oil discovery in Bahrain could remain buried

Middle Eastern state Bahrain has made one of the biggest oil discoveries in years. But the field containing 81.5 billion barrels of oil cannot be utilized with today's technology and the question is whether or not the oil will ever be extracted.

Photo: Royal Dutch Shell PR

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IMF warns of trade war and expensive financial markets

Although risks are emerging due to a trade war, political unrest in the EU and inflated financial markets, the global recovery has not yet lost its momentum, says the International Monetary Fund in an update to its April forecast.

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