International News

Bloomberg Prime Minister Justin Trud-eau’s government decided to proceed with the construction of a major crude oil pipeline, saying the project has met strict requirements on safety and consultation with Canadian indigenous groups. Trudeau’s cabinet approved the expansion of Trans Mountain, a state-owned pipeline that runs from Alberta to Vancouver. The project will add 590,000 barrels of daily shipping capacity, ...

Bloomberg PG&E Corp., the California utility giant that went bankrupt five months ago amid crippling wildfire liabilities, has reached a $1 billion settlement with local government agencies that were harmed by blazes its equipment ignited. The company has been juggling the interests of wildfire victims, activist investors and state lawmakers and regulators as it tries to come up with a ...

Bloomberg Adobe Inc. reported quarterly revenue that topped Wall Street estimates, signalling the Photoshop maker’s expanding prod-uct suite is continuing to fuel growth. Sales increased 25 percent to $2.74 billion in the fiscal second quarter from a year earlier, the San Jose, California-based company said in a statement. Analysts, on average, projected $2.7 billion. For more than a decade, Chief ...

Bloomberg Facebook Inc.’s plans to create a new cryptocurrency that can be used for everything from commerce to money transfers is facing pushback from angry US lawmakers. House Financial Services Committee Chairwoman Maxine Waters urged the company to halt development of the token until Congress and regulators can examine it. Other lawmakers demanded hearings and questioned whether the coin, called ...

Bloomberg New York’s Senate has passed the state’s own version of the Green New Deal — a climate bill that will set the most aggressive clean energy target in the country, more than triple the state’s solar capacity and unleash wind power off the coast. The legislation, which was approved 41-21 and is expected to clear the Democratic-led Assembly, would ...

Dubai / WAM DMCC, a Free Zone for commodities trade and enterprise, on Tuesday announced its support for the GPC Convention 2020, the global pulse industry’s premier event, to be held at the Grand Hyatt Dubai in April next year. Nearly one thousand academics, government bodies, farming organisations, food and agricultural experts, traders and pulses industry experts from more than ...

Bloomberg Giant Manufacturing Co saw the writing on the wall early on. The world’s biggest bicycle maker started moving production of US-bound orders out of its China facilities to its home base in Taiwan as soon as it heard Donald Trump threaten tariff action in September. “When Trump announced the plan of 25 percent tariffs, we took it seriously,” Chairwoman ...

Bloomberg India’s first ever real estate investment trust has outperformed peers since its debut in late March, helped by a low interest rate environment that’s forcing investors to look elsewhere for yield. Blackstone Group LP-backed Embassy Office Parks REIT has risen 21 percent since its listing, beating indexes that track REITs in Singapore and Japan. “This kind of return isn’t ...

Bloomberg Cattle farmers in Britain and Germany are among the latest winners from a shortage of meat in China. The UK and China reached a deal to allow British beef to be sold to the Asian country by year-end. That marks the first potential shipments since the 1990s, when British beef was banned amid an outbreak of mad cow disease. ...

Bloomberg Water outages will again hit the Philippine capital due to reduced supply at its main reservoir despite the start of the rainy season. Manila Water Co Inc, a unit of Ayala Corp, said the eastern part of the capital was expected to have supply interruptions on Tuesday. Maynilad Water Services Inc, a unit of Metro Pacific Investments Corp, told ...