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Trump, Juncker Tout Deal Pulling Back From U.S.-EU Trade War

President Donald Trump and European Commission President Jean-Claude Juncker agreed to suspend new tariffs while negotiating over trade, pulling the U.S. and Europe back from the edge of a transatlantic trade war. The leaders pledged to expand European imports of U.S. liquefied natural gas and soybeans and both vowed to lower industrial tariffs, excluding autos. The U.S. and European Union will “hold off on other tariffs”’ while negotiations proceed, as well as re-examine U.S. steel and aluminum tariffs and retaliatory duties imposed by the EU “in due course,” Juncker said.…

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Bloombergs New Global Politics Weekend Reads

Dear reader, Welcome to our new Weekend Reads newsletter. Each Saturday, we'll send you some of our best stories that you might have missed, and some new ones, too. We hope you enjoy it. – Balance of Power team Click here for our weekly slideshow, featuring images from across Europe during some of the coldest weather in a decade. The freeze has roiled energy markets — forcing utilities to scramble for natural gas to heat millions of homes — and disrupted travel. delve into the geopolitical implications of China’s embrace of lifetime job security for its top…

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Norway Idea to Exit Oil Stocks Is Shot Heard Around the World

Norway’s unloading its shares of Exxon Mobil Corp., Royal Dutch Shell Plc and other oil giants to diversify its holdings and guard against drops in crude prices. European oil stocks fell. Big Oil is under pressure, read more here Norway’s Finance Ministry, which oversees the fund, said it will study the proposal and will take at least a year to decide what to do. The fund has already sold off most of its coal stocks. “People are starting to recognize the risks of oil and gas,” said Jason Disterhoft of…

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