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Statoil and Shell battle for new US offshore wind project

Nine companies have been approved to bid on an area which is 50 percent larger than the area offered in last month's incredibly popular New York auction. Notably, Dong Energy is missing among the bidders.

Photo: Fred.Olsen Windcarrier

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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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