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Democrats cut leaders’ power to pick presidential nominee

Bloomberg Democrats voted to dramatically reduce the influence of superdelegates on the party’s presidential nomination process as part of an effort to move past the fissures of the 2016 election as candidates gear up for the next one. The measure passed by a voice vote at the party’s summer conference in Chicago, with a small fraction voting against it. “Today ...

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John McCain, Arizona senator and Vietnam war hero, dies at 81

Bloomberg John McCain, the 2008 Republican presidential nominee and Vietnam War hero who was a senior voice on defense and foreign policy in the US Senate, has died. He was 81. McCain died at 4:28 pm on August 25, his office said in an emailed statement. His wife Cindy and his family were with the senator when he passed away ...

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Japan’s Abe seeks third term after fighting back from scandal

Bloomberg Prime Minister Shinzo Abe launched his bid for a historic third-straight term as ruling party president, attempting to put months of scandal behind him and become Japan’s longest-serving premier. The widely anticipated announcement kicked off what was expected to be an easy campaign for leadership of the Liberal Democratic Party. Media surveys of lawmakers and party members who will ...

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Australia’s Bishop resigns amid fallout

Bloomberg Australia’s Julie Bishop has resigned as foreign minister and will return to the backbench as the fallout from Friday’s dumping of Malcolm Turnbull as prime minister continues. The 62-year-old stood in the three-way contest to become Liberal Party leader and prime minister after the ousting of Turnbull, but was knocked-out in the first round, gaining just 11 of 85 ...

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Former Kano governor Kwankwaso to run for Nigeria’s presidency

Bloomberg Rabiu Kwankwaso, a former governor of Nigeria’s northern state of Kano, will seek to oust President Muhammadu Buhari in elections scheduled for February. Kwankwaso, who’s now a senator, will announce on August 29 that he will compete to become the presidential candidate for the main opposition People’s Democratic Party, which will hold primaries later this year, his spokeswoman, Binta ...

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Trinidad strikes gas deal with Venezuela for natural gas exports

Bloomberg Trinidad and Tobago will continue to ship super-chilled natural gas all over the world, with a little help from Venezuela. President Nicolas Maduro and Trinidad and Tobago Prime Minister Keith Rowley signed a deal where Trinidad will purchase gas from Venezuela’s prolific Dragon Field, state-run energy company, Petroleos de Venezuela SA, said in a tweet. Under the terms of ...

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CenterPoint turning to cows, landfills for gas alternative

Bloomberg CenterPoint Energy Inc. wants to introduce a pilot programme in Minnesota offering customers access to a renewable form of natural gas recovered from dairy farms and landfills. It’s the first such programme in the Midwest, mirroring the push by utilities to offer electricity powered by wind or solar. Methane produced by everything from manure to rotting garbage is the ...

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AMLO favours cutting red tape on Pemex partnerships

Bloomberg Petroleos Mexicanos will be free to choose its own partners if Mexico’s next government has its way. President-Elect Andres Manuel Lopez Obrador may seek to change a part of the 2014 energy reforms requiring Pemex receive regulatory approval when choosing partners in oil blocks, according to people with knowledge of the situation. Previously, Lopez Obrador has said that he ...

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Korea unveils proposed changes to ‘chaebol’ conglomerate rules

Bloomberg South Korea’s antitrust watchdog proposed new rules for family-run conglomerates to make it harder for such businesses to muscle through their agendas at the expense of minority shareholders. The proposed amendments to existing regulations would require a newly created holding company to own at least 30 percent in an entity it wants to treat as a listed subsidiary and ...

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