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DOHA, Qatar (AP) — The oil market is slowly recovering from its steep drop over the past two years but crude is still not trading at a "fair price" to encourage necessary investment, Qatar's energy and industry minister said Tuesday, ahead of next week's meeting of OPEC producers.
Human remains retrieved from the crashed EgyptAir flight suggest that there was an explosion on board the plane, although no traces of explosives have been detected, an Egyptian forensics official and investigation sources said on Tuesday. The official based his assessment on the small size of body parts so far recovered from the Mediterranean Sea, where EgyptAir flight 804 crashed on Thursday. “The size of the remains points towards an explosion, the biggest part was the size of a palm,” the forensics official said, adding that about 23 bags of body parts had been collected since Sunday.
By David Milliken and Ana Nicolaci da Costa LONDON (Reuters) - Bank of England Governor Mark Carney defended the central bank's decision to flag the risks of leaving the European Union on Tuesday, hitting back at one of his toughest critics who has called for him to resign. Carney said the outcome of the June 23 referendum could require the Bank to make a big reassessment to how it sets interest rates, something it needed to explain to businesses and households. The BoE has angered campaigners who want Britain to leave the EU by talking of the risk of a sharp slowdown in economic growth and a rise in inflation.