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Iran’s shared oil, gas fields need $50 billion

ENERGY

Iran’s shared oil, gas fields need $50 billion

Iran plans $50 billion of investment to boost recovery from its shared oil and gas fields, including 700,000 barrels per day of crude, Minister of Petroleum Bijan Zangeneh says.

IMF: China impact worse than thought

BUSINESS

IMF: China impact worse than thought

The International Monetary Fund says China’s slowdown and other factors are pushing the global economy to much deeper trouble than originally thought.