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Bloomberg A claim that leaving the European Union would free up an extra 350 million pounds ($485 million) a week for the UK’s state-funded health service was one of the most controversial parts of the 2016 Brexit referendum. It was made by Vote Leave, which emblazoned the figure on the side of its campaign bus, and Foreign Secretary Boris Johnson ...

Bloomberg Google Inc. is set for its first battle in a London court over the so-called “right to be forgotten” in two cases that will test the boundaries between personal privacy and public interest. Two anonymous people, who describe themselves in court filings as businessmen, want the search engine to take down links to information about their old convictions. One ...

Bloomberg Twitter Inc. said it found another 1,062 accounts linked to the Russian government-backed Internet Research Agency accused of trying to influence the 2016 US presidential election. The social media company said it’s emailing notifications to 677,775 people in the US who followed one of these accounts or retweeted or liked a Tweet from these accounts during the election period, ...

Bloomberg The federal gas tax should be increased to help modernise US roads, bridges and other public works, and Congress must expand funding and financing options for projects, US Chamber of Commerce President Thomas Donohue said. The chamber is calling on Congress and the Trump administration to raise federal fuel taxes by 25 cents, pass initiatives including a new federal ...

Bloomberg Saudi Arabian Oil Co. is ready for its initial public offering in the second half, with the government yet to decide where to list the shares, Chief Executive Officer Amin Nasser said. The kingdom will decide where the stock will be traded, not the company, Nasser said at Aramco headquarters in Dhahran, in eastern Saudi Arabia. One option being ...

Bloomberg Royal Dutch Shell Plc and BP Plc agreed to annual deals to buy Libyan crude, underscoring how the North African country’s recovering production and improving security are enticing some of the world’s largest oil companies. Shell’s deal with Libya’s National Oil Corp. was the first of its kind since 2013, and Europe’s biggest oil company will load its first ...

Bloomberg OPEC and other global oil producers including Russia won’t be discussing how to end output cuts when they meet this weekend in Oman even as crude prices have recently been rising, Kuwait’s oil minister said. Compliance among all countries in the cuts was 125 percent in December, Bakheet Al-Rashidi told reporters in Kuwait City. The rate is preliminary as ...

Bloomberg When OPEC and Russia review their strategy for clearing a global oil glut, they’ll face an unusual problem: it could be working just a bit too well. As their output cuts, coupled with robust global demand, tighten the market, crude prices have soared to a three-year high near $70 a barrel. That’s prompted warnings — from Iran’s oil minister ...

Reuters Oman’s sovereign wealth fund is planning to start a $1 billion infrastructure fund to boost investment in projects including the Gulf state’s road, transport and energy systems, according to people familiar with the matter. The State General Reserve Fund is talking to international banks and potential investors for the financing, the people said, asking not to be identified because ...

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, has announced that the average value of foreign direct investment (FDI) received by the country in 2016 reached $9 billion. The UAE’s outgoing international investments also reached $15.7 billion, making the country the largest receiver of FDIs in the Arab region and the largest Arab investor abroad, he ...