Admin

Potential explosive devices to Obamas, Clintons stopped

Bloomberg Potential explosive devices addressed to Barack Obama and Hillary Clinton were detected and intercepted by the US Secret Service, which has opened a criminal investigation into the incidents. “The packages were immediately identified during routine mail screening procedures as potential explosive devices and were appropriately handled as such,” the Secret Service said in an emailed statement on Wednesday. “The ...

Read More »

UK cabinet at war over May’s Brexit plan

Bloomberg UK Prime Minister Theresa May lost control over the warring factions within her government as the Cabinet descended into open conflict over her Brexit plans at an angry meeting. According to people familiar with the matter, seven senior pro-Brexit ministers spoke out against a proposal that could allow the UK to stay inside the European Union’s tariff regime indefinitely. ...

Read More »

UN asks Nigeria to do more to protect civilians

Bloomberg The United Nations is concerned about rising sectarian violence in parts of northern Nigeria, its resident coordinator in the West African country said, citing attacks in the past week in which more than 90 people were killed. The incidents include clashes between rival communities near the northern city of Kaduna in which at least 50 people were killed and ...

Read More »

Suicides surge as hopeless Venezuelans surrender to crisis

Bloomberg The patients arrive by night or in broad daylight, alive and sometimes dead. A record surge of suicides in troubled Venezuela is wearing down doctors who work at the university hospital in the Andean state of Merida. People who have tried to kill themselves arrive at an uncertain rhythm that breeds dread in the professionals who receive them. “We ...

Read More »

Linde, Praxair win US antitrust approval to create gas giant

Bloomberg Linde AG and Praxair Inc. won approval from the US antitrust enforcers for their $46 billion merger, paving the way for the companies’ two-year bid to create the world’s largest supplier of industrial gases. The Federal Trade Commission (FTC) said it approved the deal on the condition that Linde and Praxair sell assets to resolve concerns that the combination ...

Read More »

Former coal plant to become $4.6 billion oasis on Lake Ontario

Bloomberg Move over Google. There’s a new urban oasis coming to the shores of Lake Ontario. A former 177-acre (72-hectare) coal power plant site will be transformed into a mixed-use community in Mississauga, a city west of Toronto that could be worth as much as C$6 billion ($4.6 billion) once complete, according to Fabio Mazzocco, president of Lakeview Community Partners ...

Read More »

Venezuela prepares bond payment amid defaults

Bloomberg Venezuela’s state-run oil company is preparing to make a $949 million bond payment that’s due October 29, according to reports. Petroleos de Venezuela SA’s (PDVSA) plan to make the coupon and partial principal repayment on the 2020 notes would mark a rare exception for Nicolas Maduro’s government, which has racked up nearly $7 billion in defaulted debt to investors. ...

Read More »

Exxon Mobil returns to favoured pick in search for Ghana partner

Bloomberg Exxon Mobil Corp. resumed talks with Ghana Oil Co. as the oil supermajor nears a deadline to find a local partner for the exploration of crude at an offshore field, according to people familiar with the matter. Talks between Exxon and the Accra-based gas station operator, known as Goil, for a 5 percent stake in the Deepwater Cape Three ...

Read More »

Pakistan secures $6bn aid package from Saudi Arabia

Bloomberg Pakistan has said that Saudi Arabia agreed to a $6 billion support package to bolster Islamabad’s dwindling finances following a second visit by Prime Minister Imran Khan to Riyadh seeking aid. Saudi Arabia will deposit $3 billion directly with Pakistan “as balance of payment support,” while another one-year deferred payment facility of up to $3 billion for oil imports ...

Read More »

India plans trade deal talks to boost exports to China

Bloomberg India is devising a plan to boost shipments of around 200 products to China and narrow the deficit with its biggest trading partner, a person with knowledge of the matter said. The plan includes seeking duty waiver on a raft of products under the Asia Pacific Trade Agreement (Apta), the person said, asking not to be identified as the ...

Read More »
Send this to a friend