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War planes hit oil region in Islamic State-held Syria - monitor

BEIRUT, Dec 3 (Reuters) - War planes from a U.S-led coalition carried out overnight strikes on oil-producing areas in an Islamic State-held part of eastern Syria, a group monitoring the war said on Thursday, after Britain said it had started raids for the first time.

Britain sends eight more warplanes to Cyprus for Syria air strikes

LONDON, Dec 3 (Reuters) - Britain has sent eight more warplanes to its base is Cyprus to join air strike missions against Islamic State in Syria, defence minister Michael Fallon said on Thursday.

UPDATE 1-India army on war footing to rescue survivors as flood toll nears 270

CHENNAI, India, Dec 3 (Reuters) - The Indian military struggled to evacuate thousands of residents stranded in the southern state of Tamil Nadu on Thursday as the death toll from flooding rose to 269 after the heaviest cloudburst in over a century.

British bombers strike oilfield targets in Syria - defence minister

LONDON, Dec 3 (Reuters) - British bombers attacked oilfields in eastern Syria in the early hours of Thursday, defence minister Michael Fallon said, hours after parliament approved the bombing of Islamic State targets in the country.

UPDATE 2-Bangladesh fixes H1 2016 gasoil, jet term deals at lower premiums

* Crude oil imports seen at 1.2 mln tonnes in 2016 (Adds crude imports)

Swiss fear losing economic edge after months of "frankenshock"

ZURICH, Dec 3 (Reuters) - Swiss alpine gear maker Mammut has made rope for mountain climbers in the land of the Matterhorn for 153 years, but after this year's surge in the franc currency it is moving production to the low-cost lowlands of the Czech Republic.

Congo mine tests Glencore's efforts to weather copper slump

KOLWEZI, Democratic Republic of Congo, Dec 3 (Reuters) - The beer flowed at a dimly-lit bar in the Congo copper mining town of Kolwezi, but it did little to lighten the mood.

UPDATE 4-Crude rises on report saying Saudi may call for output cut

* Saudi Arabia to propose OPEC cuts output by 1 mln bpd- report

UPDATE 1-Shell wins final Australian nod for $70 bln takeover of BG Group

* Australia imposes condition to prevent tax disputes (Adds government, Shell, BG comments)

RPT-Desperately seeking strategy, utilities lost in low-carbon world

PARIS, Dec 2 (Reuters) - European utilities executives meeting at the Paris Climate Conference know they are part of the problem. What they have not yet figured out is how to make money by being part of the solution to climate change.

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