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Tesla, BMW bypass Trump’s trade war, score a win for China

Bloomberg Less than a week into President Donald Trump’s trade war with China, global automakers have shown there are ways to bypass the battle — and scoring a win for Beijing in the process. Tesla Inc. and BMW AG are among the biggest potential losers from Beijing’s retaliatory tariffs on car imports from the US because much of their production ...

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Trump considers tapping US oil reserve as prices at pump rise

Bloomberg The Trump administration is actively considering tapping into the nation’s emergency supply of crude oil as political pressure grows to rein in rising gasoline prices before congressional elections in November, two people familiar with the situation said. No decision has been made to release crude from the 660-million-barrel stockpile, known as the Strategic Petroleum Reserve, but options under review ...

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UK energy costs head higher with plan to leave single market

Bloomberg Britain’s paper on leaving the European Union raised more questions for the energy industry than it answered, setting up the risk that the legal arrangements allowing power and gas to flow across borders could come unraveled and drive up the cost of doing business. The government for the first time raised the possibility of leaving the EU’s single market, ...

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