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In the papers today - Friday 22 December

A £2.2bn complex of apartment and office blocks in Brooklyn has been approved by planning authorities in what would be the biggest project by a private developer in New York's history. The project would see the construction of 16 skyscrapers and a basketball arena over nine hectares (22 acres) of downtown Brooklyn, a site almost one and a hlf times the size of the World Trade Centre. The Guardian
The largest oil operator in Nigerian, Royal Dutch Shell, evacuated the dependents of expatriate staff from the Niger Delta yesterday after militants planted a car bomb in a residential compound, the company said.The GuardianRussia is to feed its growing demand for housing by building its own version of Milton Keynes - a £5.5bn city for half a million people close to Moscow. The GuardianThe Kremlin has moved decisively to take back ownership of Russia's oil and gas assets, taking effective control of Royal Dutch Shell's Sakhalin-2 project and issuing a chilling warning to BP about its future in the country. The TelegraphThe Malaysian government is combining three of the country's biggest palm oil plantation owners to form a national champion in the fast-growing alternative fuels market. The group will control about 6% of the world's supply of palm oil, a key ingredient in the controversial biodiesel industry. The TelegraphCie Vale do Rio Doce, the world's biggest iron-ore maker, and Baosteel Group of China, agreed Thursday to raise iron ore prices next year by 9.5%, setting a benchmark price increase that would affect steel makers worldwide. International Herald TribuneDemand for mortgages of at least £1m has soared as wealthy city workers and overseas homebuyers have piled into the London property market.The Financial TimesBritish Nuclear Fuels has launched the sale of a company to operate and decommission 10 Magnox reactor sites, confirming a piecemeal disposal of the government-owned group's assets..The Financial Times

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