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  Bloomberg Global oil majors BP Plc and Rosneft PJSC are eyeing a piece of India’s $117 billion retail market for fossil fuels, threatening to shake up government-owned companies that have faced little competition for a decade. BP has already secured licenses to open as many as 3,500 fuel stations in the world’s second most-populous nation. Rosneft gained access to ...

  Bloomberg Marriott International Inc., the world’s biggest hotel operator, is betting its future in Asia on the growth of leisure tourism, particularly from China. “We look at the long term and we feel very bullish,” Craig Smith, Marriott’s Asia-Pacific president and managing director, said in an interview in Sydney. The company plans to more than double its number of ...

  Dubai / Emirates Business Maritime professionals attending Seatrade Maritime Middle East 2016 (SMME), have been discussing the ramifications of the new International Maritime Organization (IMO) 0.5% sulphur cap which comes into force in 2020 and could push the price of fuel used to operate ships (bunker prices), by more than US$200 a tonne – a 70% increase. Essentially from ...

  ABU DHABI / Emirates Business HIMSS Analytics has announced that Cleveland Clinic Abu Dhabi, part of Mubadala’s network of world-class healthcare providers, has achieved the HIMSS Analytics Electronic Medical Record Adoption ModelSM (EMRAMSM) Stage 7, an international benchmark for the use of advanced IT to improve patient care. Cleveland Clinic Abu Dhabi is the first UAE healthcare facility, and ...

  Athens / AFP Russia seeks “honest cooperation” for a political solution in Syria, Foreign Minister Sergei Lavrov said on Wednesday as Moscow declared a brief truce in the war-ravaged city of Aleppo. “We hope our partners will draw (the) necessary conclusions (so that) we will all aim for honest cooperation… for a political process involving both the government and opposition ...

  Eau Claire / AFP Republican Donald Trump has spent much of the past week in enemy territory, desperate to poach a Democratic state and carve a perilously narrow path to victory in his White House race against Hillary Clinton. Polls, history, demographics and Trump’s abrasive rhetoric are not on his side, even as he seeks to capitalize on never-ending revelations ...

  Tokyo / AP Japanese Prime Minister Shinzo Abe held talks with Myanmar leader Aung San Suu Kyi on Wednesday and pledged 40 billion yen ($390 million) in aid to back her government’s peace process with ethnic minorities, amid growing international concern about reported army attacks on a Muslim group. Abe told Suu Kyi that Japan fully supports her efforts at ...

  Bloomberg India may ease a deadline to cut pollution from coal-fired power plants blamed for causing the world’s worst air quality amid pressure from generators who say it’s too difficult to implement the $37 billion reforms. The deadline to meet all the new standards may be pushed back beyond the original December 2017 target, said S.D. Dubey, chairman of ...

  Bloomberg German Chancellor Angela Merkel’s government is relaxed about the assurances Britain gave to Nissan Motor Co., viewing attempts to keep the carmaker in the U.K. as inevitable given the expected negative economic fallout of Brexit. British efforts to keep companies based in Britain are understandable as Prime Minister Theresa May has to do what’s needed to prevent the ...

  Bloomberg Royal Dutch Shell Plc, the world’s second-biggest oil company by market value, thinks demand for oil could peak in as little as five years. “Oil, we’ve long been of the opinion that demand will peak before supply,” Chief Financial Officer Simon Henry said on a conference call on Tuesday. “And that peak may be somewhere between 5 and ...