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Italy cuts number of provinces in cost-saving drive
ROME (Reuters) – The Italian government approved a law on Wednesday that will almost halve the number of provinces as part of a drive to cut the heavy cost of regional administrations. The decree, which will cut the number of provinces to 51 from 86 at present, is part of a broader effort to attack the bloated cost of Italy’s local and regional governments, a notorious source of waste and inefficiency. …

Guinea's new election commission delayed
Guinea’s opposition blocked the swearing-in ceremony of the country’s new election commission Wednesday and reiterated that it will sue if the panel’s members are not changed.

Cypriots to sue Britain over torture claims
Cypriots who fought against British colonial rule in the 1950s plan to sue the U.K. government for torture they allegedly suffered at the hands of British authorities while in custody, an official said Wednesday.

Phillips 66 quarterly profit up on good margins
HOUSTON (Reuters) – Increased access to cheaper crude oil from the United States and Canada boosted Phillips 66′s quarterly profits above analyst expectations after the U.S. refining company spun off from ConocoPhillips earlier this year, the company reported on Wednesday. More than half of the company’s refining capacity is in the central corridor of the U.S. with access to those cheaper crudes in North Dakota, Texas, Kansas and other states, executives told analysts during Phillips 66′s third-quarter earnings conference call. “Our U.S. …