Bloomberg A Russian pipe-laying ship that could help finish the Nord Stream 2 gas link to Europe has anchored at the Baltic Sea port of Kaliningrad after sailing for three months from the Pacific. The Akademik Cherskiy, which has changed destinations several times on its way, recently signaled it was set to arrive in Kaliningrad, tanker tracking data show. Late ...

Bloomberg The Philippines will impose a temporary 10% increase in the import duties of crude oil and refined petroleum products to raise funds for the government’s coronavirus response. The new rates, which will take effect immediately, shall be reverted when international oil prices increase and hit triggers set by the Department of Energy, according to President Rodrigo Duterte’s May 2 ...

Bloomberg European manufacturing will take a long time to overcome the damage caused by the coronavirus, after suffering an unprecedented slump in April. In its monthly report on factories, IHS Markit said the recovery from shutdowns will be “frustratingly slow.” With economies still not running at full speed for some time, that means businesses and jobs will remain under threat. ...