News

Bloomberg Natural gas flows resumed overnight in Europe after an explosion at an Austrian hub threatened supplies already pinched by a closed pipeline in the North Sea and a cold snap across the continent. Oil company OMV AG, which controls the Baumgarten gas hub, managed to divert international transit flows and restored supplies to Italy, Germany and Hungary before midnight, ...

Reuters OPEC expects the world oil market to be balanced by late 2018 as its deal with other producers to cut output reduces excess oil in storage, even as US and other producers outside the group pump more crude. The Organization of the Petroleum Exporting Countries, in a monthly report, cut its estimate of global demand for its crude in ...

Bloomberg The world’s largest oil consumer exported more hydrocarbons than ever before in 2017 and shows no signs of slowing down. You name it — crude oil, gasoline, diesel, propane and even liquefied natural gas — all were shipped abroad at a record pace. While the surge comes many years after the shale boom started, it can be traced straight ...

Bloomberg Toyota Motor Corp. deepened a partnership with battery producer Panasonic Corp. as Asia’s biggest carmaker, which initially bet big on hydrogen for clean technology, accelerates efforts to make its presence felt in electric cars. The largest supplier of electric-car batteries and Toyota together are exploring the development of prismatic cells, and the collaboration will include solid-state batteries, the two ...

Bloomberg Uber Technologies Inc. is embracing the taxi industry in Asia, turning some of its former enemies into allies as it tries to win over customers from Bangkok to Tokyo. Uber said it will bring Howa’s fleet of 4,000 taxis onto its app so customers in the Thai capital can get a quicker and more convenient ride. It’s the latest ...

Bloomberg Europe, often a laggard compared to the US in mergers and acquisitions, has turned out to be the hot spot for deals this year. A more stable economic outlook and growing confidence in Europe has boosted dealmaking activity in the region, while in the US, the unresolved battle to lower US corporate tax rates as well as fewer blockbuster ...

Bloomberg Britain shed jobs at the fastest pace in almost 2 1/2 years between August and October in a sign that the labour market is slowing. The number of people in work fell by 56,000, the most since the period through May 2015, the Office for National Statistics said. The decline exceeded the median forecast of economists. Pay growth accelerated, ...

Bloomberg Dixons Carphone Plc surged the most in more than three years as the company’s plans to revamp its struggling mobile-phone unit won over investors. The UK electronics retailer’s shares rose as much as 8.7 percent in London after the company said it planned to reduce the capital intensity of the division, a move that suggests store closures or that ...

Bloomberg The engineers of the Jeep Wrangler had a conundrum: How do you redesign one of the most iconic SUVs on the road to survive tougher fuel economy standards without abandoning the brick-like shape that’s essential to its appeal? At first glance, the styling of the next-generation Wrangler doesn’t appear to have changed all that much. But a bend here ...

DUBAI / WAM The pharmaceutical market in the United Arab Emirates is expected to grow from AED9.61 billion in 2016 to AED14.11 billion by 2020, driven by increased healthcare expenditure, mandatory health insurance, and growing medical tourism. This was stated by the participants in the Pharmaceutical Research & Man-ufacturers Association Gulf Forum (PhRMAG 2017), being held under the patronage of ...