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Venezuela and China will together invest $16.32 billion in a joint oil venture to pump 400,000 barrels per day from the Junin 4 Block in the Andean nation's crude-rich Orinoco Belt, state-owned Petroleos de Venezuela S.A. has said at Caracas.

Time magazine released its annual list of the 100 most influential people in the world, and several prominent CEOs were included.