Bloomberg President Donald Trump has signed an executive order aimed at securing the nation’s electricity system from foreign adversaries, a move that could restrict certain overseas companies from exporting products to the US. The order, which doesn’t name any specific countries or companies, blocks US purchases of certain power-system equipment from entities deemed a risk to national security. It empowers ...

Bloomberg Russia slightly increased its crude oil and condensate production in April ahead of the biggest-ever output cuts under the new Opec+ deal. The country’s producers pumped 46.45 million tons of oil last month, Interfax reported, citing preliminary data for April from the Energy Ministry’s CDU-TEK unit. The figure, which may be rounded, equates to about 11.349 million barrels a ...

Bloomberg Over a fifth of the UK’s listed companies issued a profit warning in the first quarter of 2020, compared with 17% in the full year of 2008, according to a report by consultants EY. The economic crisis triggered by the Covid-19 pandemic has pushed up the number of profit warnings in the UK, with 301 issued in the quarter ...