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Bloomberg ZTE Corp. climbed as much as 15 percent after the US formally lifted a ban on its American technology purchases, allowing the Chinese telecoms gear-maker to resume business. The company’s shares marked a month’s high in Hong Kong and rose by their 10 percent daily limit in Shenzhen. Washington’s decision resolves a months-long moratorium that thrust ZTE into the ...

Bloomberg The ink had barely dried on the first joint statement between China and the European Union in three years before the complaints began. Following a rare decision to allow reporters inside a session with business leaders in Beijing on Monday, Chinese Premier Li Keqiang heard unfiltered comments from senior EU officials about the everyday reality for Europeans of conducting ...

Bloomberg How far has Subaru come during its 60 years of selling cars? Roughly seven feet. That’s the difference lengthwise between its first vehicle, the diminutive “360” later dubbed “the ladybug,” and a pumped up new SUV called the Ascent. Make no mistake. The Ascent is a Texas-sized rig, thoroughly incongruous with its creator’s climate conscious, blue-state reputation. It’s a ...

Bloomberg OPEC and its allies could boost oil production by more than the 1 million barrels a day agreed last month if needed, Russia’s Energy Minister Alexander Novak said. “I can’t rule out that if there is a need for more than 1 million barrels we will be able to quickly discuss it all together and make all necessary decisions,” ...

Bloomberg Uganda, which plans to produce and refine its own oil, said it will require as much as $70 million to construct a storage facility for refined products on the outskirts of the capital, Kampala. The East African country will initially build storage with capacity for 60,000 cubic meters that it may upgrade to 138,000 cubic meters if there’s demand, ...

Bloomberg Iraq is pumping oil at normal levels even as protests spread across the southern region from where OPEC’s second-biggest producer exports most of its crude, according to a government spokesman. “Production and exports from southern Iraq are stable as per normal levels,” Oil Ministry spokesman Asim Jihad said by phone. Authorities have deployed security forces to protect energy fields ...

Bloomberg European Union (EU) President Donald Tusk called on Donald Trump to reform the world order rather than bring it down, warning that trade wars can lead to “hot conflicts.” Tusk issued his appeal in opening remarks to an annual EU-China summit on Monday, as he made an explicit link between the European delegation visiting Beijing and the US president’s ...

Bloomberg Tesla Inc. may nearly double the number of cars it’s selling in Russia after a mobile-phone retailer backed by billionaire Alisher Usmanov unexpectedly added electric vehicles to the line of gadgets it offers. Svyaznoy, co-owned by Usmanov’s wireless carrier MegaFon PJSC, said it received orders for 236 vehicles in June, the first month it started sales jointly with importer ...

Bloomberg Papa John’s International Inc.’s board put further distance between the pizza chain and its outspoken founder John Schnatter for using a racial slur, agreeing to review all ties to him, evict him from the headquarters, and remove him from all marketing materials. A special committee of independent directors ordered the termination of a so-called founder’s agreement that designated Schnatter ...

Bloomberg Airbnb Inc. was warned by the European Union (EU) to expect a regulatory clampdown unless its terms and conditions and the way it presents holiday-home prices comply with EU standards by the end of August. The online platform must present pricing information in a more transparent way and make the distinction between private and professional hosts clearer to consumers, ...