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Bloomberg One of the world’s biggest oil companies is working on hundreds of low-carbon energy projects, from algae engineered to bloom into biofuels and cells that turn emissions into electricity. The work by Exxon Mobil Corp. includes research on environmentally-friendly technologies in five to 10 key areas, according to Vice President of Research and Development Vijay Swarup. While any commercial ...

Bloomberg Oil closed at its highest in more than two years for a second day as support grew for OPEC to prolong output cuts, while supply threats abounded. Futures jumped 2 percent in New York, closing above $55 a barrel for the first time since July 2015. While Nigerian militants and Venezuela’s debt woes imperil crude output from two of ...

Bloomberg Baghdad’s talks with Turkey about ramping up oil exports from northern Iraq, including the semi-autonomous Kurdish region, is complicated by a $4 billion debt that the Kurds owe to Turkey, according to Iraq’s oil minister. Iraq is seeking an agreement with Turkey for all exports from the north, including the Kurdish region and the disputed province of Kirkuk, through ...

Bloomberg Venezuela’s sudden demand to renegotiate its billions in debt could complicate life for its two biggest oil patrons, China and Russia. President Nicolas Maduro caught bondholders off guard with a vow to wring debt relief from Venezuela’s creditors, sending the country’s bonds tumbling. But the move may also have been calculated to reassure the countries that are among Maduro’s ...

Bloomberg In Mohit Gogia’s stationery and gift store in Noida, near India’s capital, the only decorative lights for sale ahead of last month’s festival of lights were Chinese made. “India-made lights cost twice as much,” said Gogia, as shoppers snapped up supplies for the Diwali celebration. “Customers aren’t willing to pay that.” Two-way trade statistics tell the tale. India’s deficit ...

Bloomberg Reliance Communications Ltd., the Indian mobile phone operator controlled by billionaire Anil Ambani, faces a bond coupon deadline on Monday after temporarily halting payments to lenders. The interest payment of about $9.75 million is the latest test for the debt-laden company, which has faced a series of setbacks amid a shakeout in the world’s second-largest telecom market. It announced ...

Bloomberg Chinese companies that supply Tesla Inc. fell after Elon Musk indicated his pioneering electric car firm won’t start making vehicles in the world’s largest auto market this decade. Beijing Zhongke Sanhuan High-Tech Co., which said last year that it signed a three-year agreement to supply parts to Tesla, dropped as much as 3.6 percent in Shenzhen, while Ningbo Joyson ...

­­­­­­­­­­­Bloomberg Broadcom Ltd. Chief Executive Officer Hock Tan is contemplating an audacious $100 billion bid for Qualcomm Inc., people familiar with the matter said, using what would be the largest technology takeover to build a powerhouse that dominates the market for wireless chips. An offer of about $70 a share would include cash and stock and is likely to be ...

Bloomberg Mayor of London Sadiq Khan has announced a new programme of investment days for London startups, as he tries to maintain the UK’s position as a European hub for young tech companies. The UK national trade body for early stage companies will help run 20 investment days in London over the next four years, providing coaching and connections to ...

Bloomberg The fact that US President Donald Trump’s Twitter account was deactivated by a rogue employee has raised questions about how much access and control Twitter Inc.’s workforce has over an individual user’s account. Trump’s personal page was shut down for about 11 minutes on Thursday evening by a customer support employee who was leaving the company. Though Twitter has ...