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BP drastically cuts oil exploration

The number of employees working to find new oil with British giant BP has diminished noticeably.

Photo: Toby Melville/Reuters/Ritzau Scanpix

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One third of Lim family ships have new owners

Around one third of the ships controlled by Hin Leong founder O.K. Lim and his family have new owners, Reuters reports. The rest of the ships are expected to be sold by the end of the year.

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