Heavy deluges and saturated soils have the potential to cause significant damage to homes, transport infrastructure and food supply.
Besides, US oil firms have been bitten by Venezuela once before. In 2007, major US companies including ExxonMobil and ConocoPhillips had their assets seized when they refused to allow PDVSA to take majority control.
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Head office job losses part of plan for more separation between supermarket and Argos businesses
As the economy grows increasingly reliant on spending by the very wealthy, it has also become more vulnerable to a sudden downward correction in share prices.
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