Bloomberg American drivers are poised to pump less for the first time in six years. US gasoline demand is expected to fall by 10,000 barrels a day in 2018 compared to last year, according to the Energy Information Administration. Overall consumption is forecast at 9.31 million barrels a day, the agency said in its monthly Short-Term Energy Outlook. The last ...

Bloomberg Donald Trump is snuffing out any chance for China to tap into the growing market for powering the supercars cruising around Malibu and Manhattan. The US administration’s latest 195-page list of an additional $200 billion in Chinese goods targeted for import tariffs includes seemingly obscure products such as benzene, toluene, xylene, methyl tertiary-butyl ether and butanol. These are typically ...

Bloomberg Any sharing of technology by Tesla Inc. with a Chinese partner as part of its expansion in the world’s largest electric-car market is a matter that’s “subject to negotiation,” a Shanghai government official said. “For technology transfer, it is a matter subject to negotiation between the enterprises,” Huang Ou, deputy head of the Shanghai government’s economy and information technology ...

Bloomberg Singapore Telecommunications Ltd. was around back when the telegraph was still cool. Now the 139-year-old company is experimenting with video games as a way to raise its profile with millennials. The telecom giant announced it plans to start a competitive gaming league this year and will eventually sponsor its own team. Esports may already be big business in markets ...

Bloomberg TVs bearing labels like Hisense or TCL have long been the go-to for bargain-hunters scouring Best Buy for deals. That may change real soon. Nestled among the thousands of knick-knacks, paraphernalia and foodstuffs Donald Trump’s targeting in his next salvo of punitive tariffs are a plethora of components and gear essential to televisions and displays — including the cubic ...

Bloomberg Natural gas, the cleanest and fastest-growing fossil fuel, has found itself in perhaps the oddest corner of the multi-billion dollar trade war between the world’s two biggest economies. When the US added duties to $34 billion of Chinese goods last month, China retaliated with its own list that included piped natural gas from the US. And when President Donald ...

Bloomberg Donald Trump and Angela Merkel got off to a prickly start at a NATO summit as the US president blasted Germany over its support for a gas pipeline from Russia, prompting a tart response from the chancellor. “It’s very sad when Germany makes a massive oil and gas deal with Russia where we’re supposed to be guarding against Russia ...

Bloomberg While there’s little prospect that Japanese consumers will ever buy enough American cars to please Donald Trump, the Abe government’s record spending on defense is shaping up as a bright spot in bilateral trade for the US president. Japan’s purchases through the US Foreign Military Sales programme represent 16 percent of all non-personnel costs for the nation’s self-defense forces ...

Bloomberg The Pakistan Peoples Party said a money-laundering probe by the government’s Federal Investigation Agency that has named its co-chairman Asif Ali Zardari and his sister as beneficiaries amounts to “pre-poll rigging” and “political victimisation,” joining other politicians raising concern about the fairness of national elections. The former ruling party, which held the second-largest amount of national seats before parliament ...

Bloomberg Euroskeptic Tories have failed to stop UK Prime Minister Theresa May’s plan for a soft Brexit and are considering a radical last ditch move that could bring down her minority government later this year. May is pushing ahead with her blueprint for keeping the UK in a close trading partnership with the European Union for goods, despite the resignations ...