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Bloomberg In Ocean’s Eleven, George Clooney’s gang inserts a recording into a casino security camera system so the guard sees only a video loop from the day before, camouflaging a heist from the safe. In a 2015 cyber attack on a Ukraine power plant, hackers did much the same, playing around for months with the electricity company’s network, disconnecting emergency ...

  Bloomberg Saudi Arabia’s sovereign wealth fund is considering selling stakes in local companies to raise funds for international expansion, according to five people with knowledge of the matter. The Public Investment Fund — with about $100 billion worth of shares in listed local companies including Saudi Basic Industries Corp. and Saudi Telecom Co. — is reviewing the stakes as ...

  Bloomberg Saudi Oger Ltd. reached a preliminary agreement to sell its 20 percent stake in Jordan’s Arab Bank Plc to Fawaz Al Hokair Group for about $1.1 billion, according to people familiar with the matter. The two family-owned companies plan to make a formal announcement after receiving regulatory approval, the people said, asking not to be identified as the ...

  Bloomberg The crisis sparked by the shortage of cash in India following Prime Minister Narendra Modi’s anti-graft measure to ban high-value currency bills has hit the movement of goods in Asia’s third-largest economy. More than half of an estimated 9.3 million trucks under the All India Motor Transport Congress have been affected as drivers abandon vehicles mid-way into their ...

  Bloomberg Shipping companies are threatening to scrap their Pakistan services after the South Asian country increased tariffs at its largest port in a blow to an industry that is already grappling with global overcapacity and low freight rates. Hyundai Merchant Marine Co. is “seriously considering” dropping deployment of larger vessels in Pakistan, the South Korean company wrote in a ...

  Bloomberg The Philippines is training its sight on billions of dollars of investment from the Middle East. The Philippine Economic Zone Authority, which oversees hundreds of industrial parks offering tax perks, is identifying sites that can stock Qatar’s oil reserves and land that can be planted with crops for export to the United Arab Emirates after receiving proposals, Director ...

  Bloomberg A South Korean shipping company that filed for bankruptcy protection five years ago emerged as the surprise winning bidder for some assets of the collapsed Hanjin Shipping Co., pipping a bigger rival that is undergoing a creditor-led debt revamp. Korea Line Corp., the nation’s second-largest bulk carrier, beat Hyundai Merchant Marine Co. to be the preferred bidder for ...

  Bloomberg Volkswagen AG has reached an agreement with U.S. environmental regulators to fix or buy back around 80,000 Audi, VW and Porsche vehicles with tainted 3-liter diesel engines, nearing a resolution on a key aspect of the emissions-cheating scandal, people familiar with the discussions said. Under an accord with the Environmental Protection Agency and California’s Air Resources Board, Volkswagen ...

  Bloomberg The Obama administration has yet again delayed a decision on the controversial Dakota Access crude pipeline, even as President-elect Donald Trump vows to speed up reviews of such projects. The US Army Corps of Engineers said that it’ll hold more talks with a Native American tribe potentially affected by the pipeline before deciding on a permit that’s key ...

  Bloomberg Diesel pollution cheating allegations hit a US carmaker as Dodge truck owners sued Chrysler, claiming some engines were rigged to hide emissions as much as 14 times higher that the law permits. The Michigan-based unit of Fiat Chrysler Automobiles NV is the first US carmaker to be sued by consumers. Similar claims were made against German carmakers. Volkswagen ...