India is set to surpass the U.S. as the world’s biggest coal producer after China by 2020, as state-miner Coal India Ltd. ramps up output to meet demand from domestic power producers, according to BMI Research. The South Asian nation’s share of world output will increase to 12.7 percent by 2020. Source: Bloomberg
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There are signs of UE recovery,with Eurostat reporting 2.2% euro-area growth over the second quarter of 2017, up from last year’s 0.6%. Central/Eastern Europe was growing fastest: Romania (5.7%), Latvia (4.8%), Czech Republic (4.5%) and Poland (4.4%). The weakest growth was in Belgium (1.4%), Italy (1.5%), Finland and UK (1,7). Source: Euobserver
Singapore stands ready to partner China to jointly build the Belt and Road Initiative, Singapore’s Minister for National Development and Second Minister for Finance Lawrence Wong said on Tuesday. Source: China Daily
Cambodian authorities have signed an $880 million contract with Chinese companies, allowing the latter to build a new international airport in Siem Reap next year. Source: People’s Daily