Energy Update
* Italian banks surge on likely state support (ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets for site in development).
LONDON, April 8 (Reuters) - Oil refineries are shifting into high gear to produce as much gasoline as possible for the world's fuel-hungry drivers - kicking the problem of a worsening diesel glut further down the road.
BAKU/YEREVAN, April 8 (Reuters) - Azerbaijan and Armenian-backed separatists said on Friday they had struck a temporary deal to allow each side to safely search for the bodies of their soldiers killed in clashes over the breakaway region of Nagorno-Karabakh.
BARCELONA, April 8 (Thomson Reuters Foundation) - The World Bank Group plans to invest more of its funds to help developing countries adapt to the impacts of climate change, in an effort to stop extreme weather and rising seas from making poverty worse.
MANILA, April 8 (Reuters) - The United States has allocated more than $120 million in military aid to the Philippines this year, the biggest in about 15 years, a senior Filipino diplomat said on Friday, amid rising tension with China over the disputed South China Sea.
DUBAI/CAIRO, April 8 (Reuters) - Once driven to near irrelevance by the rise of Islamic State abroad and security crackdowns at home, al Qaeda in Yemen now openly rules a mini-state with a war chest swollen by an estimated $100 million in looted bank deposits and revenue from running the country's third largest port.
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