Bloomberg The UK should start planning to delay Brexit and extend negotiations with the European Union or face the disaster of leaving without a deal, according to former Prime Minister Tony Blair. In an impassioned appeal for a change of course, Blair will warn that crashing out of the EU with no agreement will be “devastating” for the UK, as ...

Bloomberg Angela Merkel failed to resolve a clash over migration with her Bavarian sister party, ratcheting up pressure on the German chancellor as she faces a weekend ultimatum to tighten borders. Merkel’s Christian Democratic Union is seeking to contain a rebellion by Bavaria’s ruling CSU party, which is taking a hard line on immigration ahead of a regional election in ...

Bloomberg South Sudanese President Salva Kiir and rebel leader Riek Machar agreed to a permanent cease-fire within 72 hours and signalled they’re prepared for a second attempt at a power-sharing government to end a ruinous four-year civil war. The conflict in the East African nation has claimed tens of thousands of lives, driven about 4 million people from their homes ...

Bloomberg Indonesian President Joko Widodo’s allies led in key provincial races in elections held across the country on June 27, giving him a major boost before the presidential vote next year. Polls were held in 171 regions that collectively hold more than 152 million registered voters across Southeast Asia’s biggest economy. Analysts were particularly watching the results in Java, home ...

Bloomberg Big oil is losing faith in President Donald Trump’s pledges to build the US into a self-reliant energy superpower. Top executives from Exxon Mobil Corp, Chevron Corp and Total SA all took shots at Trump’s trade plans at the World Gas Conference in Washington, expressing concern that US tariffs are a risk to oil and gas demand, and that ...

Bloomberg Baker Hughes will emerge from the shadow of parent General Electric Co amid unprecedented turmoil and dislocation in the global oil business. GE’s plan to unload its 62.5 percent stake in the oilfield-services company over the next two to three years will leave Baker Hughes in much the same place it was before the industrial conglomerate absorbed it last ...

Bloomberg Add Kazakhstan to the list of oil producers whose supply is restricted. The central Asian nation’s output slipped by about 240,000 barrels a day, data from the country’s Ministry of Energy show. The cause and duration of the dip aren’t known, but the country suffered a few supply outages earlier this year involving the giant Kashagan field in the ...

Bloomberg US stocks pared gains amid fresh tough talk on trade by a Trump administration official. Treasuries advanced with the dollar and oil gained. The S&P 500 pared two-thirds of a gain that reached 0.9 percent, while the technology-heavy Nasdaq indexes turned lower after Larry Kudlow said America is not retreating in its approach on trade. Stocks rose at the ...

Bloomberg Uphold, an exchange for digital coins and currencies, agreed to acquire New York-based broker-dealer JNK Securities Corp., the latest push by a crypto platform to position itself in more regulated markets. “Many crypto assets (particularly ICO tokens) may be treated as securities in some cases,” Uphold Chief Executive Officer Adrian Steckel said. “Through Uphold’s new securities division, the digital ...

Bloomberg London Heathrow airport’s 16 billion-pound ($21 billion) expansion plan may have cleared its last major political hurdle, but the project has yet to convince British Airways, the hub’s biggest customer. After UK lawmakers backed the construction of a third runway by 415 votes to 119, BA owner IAG SA responded by saying that the financing arrangements proposed by Heathrow ...