Bloomberg The cloud-computing arm of Chinese retail giant Alibaba Group Holding Ltd. opened its first data centers in the UK, with two sites operational in London. The expansion is “driven by the rapidly growing customer demand,” a spokesman for the company told Bloomberg. “The United Kingdom is one of the fastest-growing European markets for Alibaba Cloud.” Cloud-computing companies have been ...

Bloomberg Singapore plans to spur investment in much-needed infrastructure in Southeast Asia by helping to structure projects to make them more “bankable,” a senior official said. A new government agency called Infrastructure Asia will help connect the “supply and demand” for these projects, Indranee Rajah, Singapore’s second minister for finance, said. The Asian Development Bank estimates developing economies in Asia ...

Bloomberg Kazuhiko Moriyama is betting that well-rested workers are good for business. In fact, he’s placing real money on the wager. Employees who sleep at least six hours a night, for at least five days a week, are awarded points by Crazy Inc., a wedding organiser in Japan. The points can be exchanged for food in the company cafeteria worth ...

Bloomberg A consortium of Hong Kong property firms led by Henderson Land Development Co. is in talks with banks to raise about HK$46 billion ($5.9 billion) via bonds and loans to fund a residential project in the city’s Yau Tong Bay, according to people familiar with the matter. The group also includes Wheelock & Co., New World Development Co., Sun ...

Bloomberg Asia’s largest economy, China, has long had a reputation for smoggy skies. But these days, neighbouring India is fighting the far bigger battle with pollution: The South Asian country is home to the world’s 10 most polluted cities. India has long struggled to pull together the type of coordinated national approach that’s helped China reduce pollution. Prime Minister Narendra ...

Bloomberg US refiners are getting stung by President Donald Trump’s efforts to keep consumer prices from rising in the run up to the 2020 election. The Trump administration is seeking to slow the implementation in 2020 of tighter fuel restrictions on the global shipping industry. The rules, which would slash by more than 80 percent the sulfur allowed in fuel ...

Bloomberg Oil traded below $70 a barrel as supply concerns eased after American drilling rose to the highest since 2015, and on growing investor optimism crude output in Libya may climb from early next year. Futures in New York were little changed, following a 3.1 percent decline last week. Working US oil rigs increased by four to 873 last week, ...

Bloomberg Rwanda is considering partnering with oil and gas companies for the next stage of exploring Lake Kivu for more hydrocarbons, a government official said. The East African nation has conducted the first round of shallow drilling for geochemistry tests in the methane-gas-producing lake in the west of the country, according to Mines, Petroleum and Gas Board Chief Executive Officer ...

Bloomberg BP Plc and Eni SpA could re-start work on a project in Libya in the first quarter, setting the stage for the OPEC member to boost production by “hundreds of thousands of barrels” a day, the head of the country’s state oil company said. Crude production in the North African nation is averaging “well above 1 million barrels a ...

Bloomberg Fiat Chrysler Automobiles NV agreed to sell its car-parts unit, Magneti Marelli, to KKR & Co.’s Calsonic Kansei in the first major deal for the Italian-American carmaker under new Chief Executive Officer Mike Manley. The transaction, valued at 6.2 billion euros ($7.1 billion), will create Japan-based Magneti Marelli CK Holdings, according to a statement. Beda Bolzenius, chief executive officer ...