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Germany’s E.ON SE, already one of the world’s largest electricity suppliers, is taking over Ovo Energy’s residential electric service in the U.K. to become Britain’s largest electricity company, serving 28 percent of households.

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China’s exports shot up 14.1 percent in April in dollar terms, year on year, almost doubling the 8.5 percent growth that analysts in a Bloomberg poll had expected.

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Ongoing volatility in the price of oil could shave 1.75 percent off the value of world trade by the end of next year, the private Global Trade Alert (GTA) research organization reported.

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