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Economy

Europe should be wary of possible new Covid variants, the bloc’s economics chief says

New variants of the coronavirus could still derail the growth rebound seen in Europe, according to the EU’s economics chief, as the region deals with another surge in infections.

Paolo Gentiloni, the EU’s commissioner for economics and taxation, said that it’s “too soon to declare victory” over the pandemic, despite lofty GDP projections for this year.

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Nigerian opposition's Abubakar to boost oil investment if wins election

REUTERS - Nigerian opposition candidate Atiku Abubakar will seek to boost investment in the oil sector if he becomes president next year, according to a draft copy of his manifesto.

He plans to re-consider introducing bidding rounds for marginal fields and oil blocks, privatizing government-owned crude refineries and issuing new licenses for greenfield investments in refineries, the draft said.

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