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Bankrupt Walter Energy gets nod from judge to end labor pacts

SAN FRANCISCO, Dec 29 (Reuters) - A federal judge granted approval for coal producer Walter Energy Inc to reject its labor agreements and end retiree benefits, which the bankrupt U.S.

China to Cut Wind, Solar Power Prices as Construction Costs Fall

China will cut the preferential rate it offers wind and solar power developers to reflect the decline in construction costs.

Georgia, with eye on 2016 election, switches prime minister

TBILISI, Dec 29 (Reuters) - Lawmakers in Georgia voted on Tuesday to approve Georgy Kvirikashvili as the ex-Soviet state's new prime minister, an appointment widely seen as an attempt to boost the ruling coalition's flagging popularity amid an economic slump.

UPDATE 1-Cuba sees GDP growth slowing to 2 pct in 2016, down from 4 pct

HAVANA, Dec 29 (Reuters) - Cuba has forecast economic growth at 2 percent in 2016, down from 4 percent this year but still favorable considering the world economy, Economy Minister Marino Murillo said on Tuesday.

Russia to rewrite space programme as economic crisis bites

MOSCOW, Dec 29 (Reuters) - Russia is to revise its space programme, the national space agency said on Tuesday after a newspaper published a report that billions of dollars of cuts may be afoot including to ambitious Moon exploration plans.

UPDATE 1-Syrian rebels shell Shi'ite villages after truce evacuations, residents say

BEIRUT, Dec 29 (Reuters) - Syrian rebels shelled two Shi'ite villages in the northwest of the country on Tuesday, killing at least one person, residents said, a day after pro-government fighters and civilians left the area for Turkey under a local ceasefire agreement.

Egypt, Ethiopia, and Sudan sign new Grand Renaissance Dam agreement

KHARTOUM, Dec 29 (Reuters) - Egypt, Ethiopia, and Sudan signed an agreement on Tuesday finalising the two firms tasked with carrying out studies on the potential impact of Ethiopia's Grand Renaissance Dam on the flow of the Nile, their foreign and water ministers said.

Syrian rebels shell Shi'ite villages, killing one, after local truce, residents say

BEIRUT, Dec 29 (Reuters) - Syrian rebels shelled two Shi'ite villages in the northwest of the country on Tuesday, killing at least one person, residents said, a day after pro-government fighters and civilians left the area for Turkey under a local ceasefire agreement.

Sweden deploys 120-ton subsea generator switchgear at MHK project

A significant step to develop the first megawatt from the marine hydrokinetic (MHK) Sotenas Wave Energy Plant off of Sweden’s west coast took place earlier this month when a 120-ton subsea generator switchgear was deployed and connected to the Swedish national power grid via a 10-km-long subsea cable.
 

Saudi rulers weigh political cost of tough economic reforms

* Much tougher changes promised to tackle structural problems

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