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Singapore plans $14b to super-charge innovation

Bloomberg Singapore is positioning itself for a post-Covid world with massive investment in innovation, over and above the immediate support it’s giving to help the economy rebound from possibly its worst downturn on record. The government will set aside more than $14.3 billion to support research in “high impact areas” such as health and biomedical sciences, climate change and artificial ...

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Oil tanker cluster off China grows

Bloomberg The cluster of oil tankers off China’s coast is growing and the vessels are waiting longer to offload their cargoes amid a lack of onshore storage space after a buying spree earlier this year. The number of oil-laden tankers parked in Chinese waters has swelled since the start of the month with almost 200 ships expected over the course ...

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Eni mulls Pakistan exit after 20 years

Bloomberg Italy’s Eni SpA is weighing a sale of its energy exploration and production assets in Pakistan after operating in the country for about 20 years, people with knowledge of the matter said. Eni is working with a financial adviser to gauge interest in the portfolio, said the people who asked not to be identified as the information isn’t public. ...

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