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Europe approaches trade deal despite barriers

Bloomberg Europe is approaching the next stop in its global market-opening drive aimed at countering US President Donald Trump’s protectionist tilt. Top officials from the European Union will meet with the Mercosur group of Argentina, Brazil, Paraguay and Uruguay on January 30 in Brussels to gauge the prospects for a free-trade deal that would follow groundbreaking commercial pacts with Japan ...

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‘Fiat Chrysler-UAW contracts not tainted’

Bloomberg The president of the United Auto Workers denied that contracts with Fiat Chrysler Automobiles NV were tainted by a scheme in which top labour negotiators were enriching themselves from a union training fund. In a letter to UAW members, President Dennis Williams said Fiat Chrysler’s former top labour negotiator “by his own admission is a crook and a liar.” ...

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Alphabet launches new cybersecurity unit

Bloomberg Google has a new sister: Parent company Alphabet Inc. announced the formation of a new subsidiary company, called Chronicle, focussed on cybersecurity. Chronicle was formed in 2016 inside of X, Alphabet’s experimental lab that has produced its driverless car effort, Waymo, and projects on drones, internet connectivity and the Google Glass headset. In the announcement, the new company stressed ...

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Trump says he’d be ‘tougher’ than May in Brexit talks

Bloomberg Donald Trump has criticised the way UK Prime Minister Theresa May is negotiating Brexit, saying he would take a “tougher” line with the European Union in the talks. Only three days after putting on a show of unity with May at the World Economic Forum in Davos, Trump risked reopening the wounds in the so-called “special relationship” between Britain ...

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Dell mulls return to market four years after going private

Bloomberg Just over four years since Michael Dell took his namesake PC company private, the billionaire is considering taking Dell Technologies public again in a move to help it raise cash and reduce its substantial debt. An initial public offering would undo one of the biggest leveraged buyouts the tech industry has ever seen. The board is meeting later this ...

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Aramco CEO: Post-IPO tax burden will link to oil prices

Bloomberg Saudi Aramco’s chief executive said the most important tax paid by the state-owned energy giant will fluctuate with the price of oil, a significant move ahead of the company’s initial public offering this year. Adjusting the 20 percent royalty on oil revenue Aramco currently pays would help the kingdom to raise extra money if prices climb. While not unusual ...

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US gas gurus divided between warm spell bears and $4 bulls

Bloomberg US natural gas soothsayers are at a stalemate. Bulls say more arctic air may vault futures above $4 for the first time since 2014. Bears see the February contract expiration and a warm spell dragging them lower. Welcome to the suddenly uncertain world of fuel trading. Eight of 17 traders and analysts surveyed by Bloomberg News predicted prices that ...

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‘European gas can cope with Groningen cuts’

BERLIN / Reuters European gas networks can cope with further production cuts at the Dutch Groningen field as the government seeks to limit earthquake risks, a leading pipeline company and gas industry official said in an interview. The Dutch government had said that output at the major European field, which used to provide 53 billion cubic metres (bcm) per year ...

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SunPower seeks exemption from Trump’s solar tariffs

Bloomberg US solar panel maker SunPower Corp. is planning to ask for an exemption to the 30 percent tariff on imported solar panels that President Donald Trump approved. The company that manufactures most of its panels at factories in Asia and Mexico could hire more workers at its headquarters in San Jose, California, and invest in a “pilot” factory in ...

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Landowners, frackers in tense faceoff in wake of Colorado blast

Bloomberg The fracking frenzy in Colorado is spurring a tense faceoff between shale drillers in the region and residents seeking a better handle on the dangers in their own backyards after a killer pipeline explosion last year. Gov. John Hickenlooper ordered a review of oil and natural gas operations after the April blast, which destroyed a home, killed two men ...

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