Bloomberg Algeria’s prime minister laid out a sweeping plan to plug the budget deficit that would include direct borrowing from the central bank, as the OPEC member looks to compensate for lower oil revenue without tapping international debt markets. The five-year plan presented by Prime Minister Ahmed Ouyahia aims to balance the budget by 2022, and reverse a deficit that ...

Bloomberg It’s no secret that oil majors are among the biggest corporate emitters of pollution. What may be surprising is that they’re reducing their greenhouse-gas footprints every year, actively participating in a trend that’s swept up most corporate behemoths. Sixty-two of the world’s 100 largest companies consistently cut their emissions on an annual basis between 2010 and 2015, with an ...

Bloomberg Egyptian cheese-maker Arabian Food Industries is expecting third-quarter revenues to jump by about 50 percent and sales volumes to be better than the first two quarters of the year as Egyptian consumers adapt to price hikes that followed last year’s currency float. The Cairo-based company, also known as Domty, sees revenues of 700 million Egyptian pounds ($39.7 million) this ...

Bloomberg Alphabet Inc.’s Google introduced a digital payments service specifically designed for India as competition heats up for the country’s billion-plus potential users. Tez, the Hindi word for fast, debuted on Monday for download on iPhones and Android devices and joins an increasingly crowded field. The service is compatible with the Indian government-backed Unified Payments Interface, which simplifies financial transactions ...

Bloomberg ZhongAn Online P&C Insurance Co., China’s largest online insurer, started taking orders for a Hong Kong initial public offering that could raise as much as $1.5 billion. The Shanghai-based company is offering 199.3 million new shares at HK$53.70 to HK$59.70 apiece, according to terms for the deal obtained by Bloomberg. Japan’s SoftBank Group Corp. agreed to purchase 71.9 million ...

Bloomberg CBS Corp. overcame a last-ditch attempt to derail its planned takeover of ailing Australian broadcaster Ten Network Holdings Ltd. after a Sydney court dismissed a challenge by local media mogul Bruce Gordon. CBS is free to vote on its proposed acquisition at Tuesday’s meeting of Ten creditors, Justice Ashley Black said in a ruling on Monday at the New ...

Bloomberg Shanghai Fosun Pharmaceutical Group Co. scaled back its proposed purchase of control in Indian drugmaker Gland Pharma Ltd. to a level that would allow it to avoid a government review of the biggest Chinese acquisition in India. Fosun Pharma, backed by Chinese billionaire Guo Guangchang, will now buy a 74 percent stake for $1.1 billion, according to a statement. ...

How can news organizations avoid the trap that President Trump has laid for them in his attacks on the media as a one-sided “opposition party” that caters to anti-Trump elites and purveys “fake news” to readers and viewers? Part of the answer is simply for journalists to keep doing their jobs, aggressively and fairly. We’re not in the business of ...

President Donald Trump has to decide what to do with an American who was fighting for IS, captured by Kurdish forces in Syria and handed over this week to the US military. The best solution is also the simplest: Charge him with material support for terrorism, convict him and lock him up in an appropriate US prison for many, many ...

Economists of all political views breathed a sigh of relief and celebrated when Kevin Hassett was confirmed last week as chairman of the Council of Economic Advisers. Hassett, my former American Enterprise Institute colleague, is widely respected, as evidenced by a June letter of support for his nomination signed by 44 leading economists from both the left and right. The ...