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Bloomberg Three of the world’s biggest oil companies called on Norway to help maintain funding for carbon capture and storage (CCS) technology that is stagnating amid concerns about whether it can ever be cost-effective. The chief executive officers of Royal Dutch Shell Plc, Total SA and Norway’s state-controlled Statoil ASA gathered on the sidelines of an energy conference in Oslo ...

Bloomberg Kenya will introduce a royalty for geothermal-power producers under a proposed new law. Fees will be levied at a rate of 1 percent to 2.5 percent of revenue generated from the energy source within the first decade of a geothermal license being issued, according to the draft Energy Bill presented to lawmakers. The levy will then climb to between ...

DUBAI / Reuters State-owned Oman Gas Co. is working with a group of banks to raise a bridge loan of slightly over $1 billion, which will later be refinanced via a US dollar bond issue, sources familiar with the matter said. The natural gas transport company, which was bought by state-owned Oman Oil Company in 2013, will use the financing ...

Bloomberg The Philippines has invited Jack Ma and his Alibaba Group to partner with President Rodrigo Duterte in helping to improve technology for governance and to assist in building an inclusive financial system that would aid small businesses, Finance Secretary Carlos Dominguez said. Ma, in a meeting with Philippine government officials in Hangzhou on February 1, said the Philippines had ...

Bloomberg An investor group led by Dalmia Bharat Ltd. with backing from Bain Capital submitted the highest bid for India’s Binani Cement Ltd., which is being sold under the country’s insolvency process, people with knowledge of the matter said. The Dalmia Bharat consortium made a final offer of more than 63 billion rupees ($981 million), according to the people, who ...

Bloomberg Tropical Cyclone Kelvin is crossing the Kimberley coast in Australia’s northwest with destructive winds likely near the center over the next few hours as the storm moves inland, according to the Bureau of Meteorology. Kelvin, a Category 2 system on a scale of one to five, is moving east at 9 kilometers (5 miles) per hour with sustained winds ...

Bloomberg In the global race to use human immune cells to fight cancers, a little-known Chinese firm called GenScript Biotech Corp. is emerging as one of the biggest stock gainers. Among the first Chinese developers of so-called CAR-T cancer therapies, GenScript’s shares have risen more than sixfold since June, when it reported positive results from early studies in 35 patients ...

Bloomberg The International Olympic Committee will support North Korea’s participation in the 2020 Tokyo Olympics, IOC President Thomas Bach told Kyodo News in an interview. “We will take the same approach in every respect with regard to Tokyo 2020 as we took with Pyeongchang 2018…We have always applied strict political neutrality, and then the same we will do for Tokyo ...

Bloomberg The man with the final word on design at one of the world’s biggest automakers sees a future dominated by self-driving boxes-on-wheels and souped-up sports cars. For Simon Humphries, who as of this year oversees design globally across Toyota Motor Corp.’s namesake and luxury Lexus brands, mobility will follow two divergent paths. One is the e-Palette, a customizable robo-van ...

Bloomberg Broadcom Ltd.’s bid for Qualcomm Inc. is a good place to start negotiations between the two companies on what would be the biggest deal in the history of technology, according to Institutional Shareholder Services Inc. The influential proxy adviser, though, stopped short of recommending that Qualcomm shareholders vote for the current offer of $82 a share, in a report. ...