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UK’s fading gas fields lead to surge in imports

  Bloomberg Relying on natural gas to fuel Europe’s second-largest economy was never going to be easy for the UK, even before Brexit. Britain’s once vast North Sea gas fields are fading, and even after a decade of trying, the island nation hasn’t replicated the fracking boom that turned the US into the world’s largest producer. Gas imports have jumped ...

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Trump threatens health subsidies to poor to force negotiations

  Bloomberg President Donald Trump might withhold payments under Obamacare that are used to help poor people afford medical services in order to force Democrats to negotiate changes to the health law, he told the Wall Street Journal in an interview. Those payments to lower-income people, called cost-sharing-reduction subsidies, have been at the center of an almost three-year legal battle ...

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Akzo fight with PPG escalates as Elliott wants chairman out

  Bloomberg The battle for control of Akzo Nobel NV escalated after Elliott Advisors called for the chairman’s ouster, drawing a fiery retort from the Dutch paint maker suggesting the activist shareholder is working with PPG Industries Inc. on its $24 billion takeover offer. The removal of Chairman Antony Burgmans would be irresponsible and damaging, and Elliott’s move for a ...

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