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Czech’s billionaire PM Babis survives ouster bid over fraud

Bloomberg The Czech Republic’s billionaire prime minister survived a non-confidence vote and defeated a challenge sparked by fraud allegations. Andrej Babis, who rose to power by attacking the political establishment and campaigning against Muslim refugees, has been facing a crescendo of calls for his ouster over investigations into his conduct as a businessman. The pressure escalated this month after his ...

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Rhine drought hits oil supply amid cold snap

Bloomberg Germany’s industrial southwest, Switzerland and parts of France face a dearth of fuel supplies in the coming weeks just as freezing temperatures threaten to lift demand for heating oil. A prolonged drought this summer has led to record-low water levels on the Rhine river, closing many parts of the key transport artery to barge traffic. With little relief in ...

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Centrica slumps as price cap to Cut Profit

Bloomberg Embattled commodity trader Noble Group Ltd — which is pushing towards the final stages of a complex $3.5 billion debt-for-equity restructuring — reported another quarterly loss, with the result driven by costs from the revamp as well as getting caught out in the LNG market. The energy segment, which consists of liquefied natural gas, coal and oil liquids in ...

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