Bloomberg President Donald Trump may have a problem with oil prices being “very high,” but a decline would be a mixed bag for the US economy, thanks to the boom in American energy production. When prices plunged starting in mid-2014 and stayed low for the next two years, US producers felt the pain, much more and longer than was expected. …

Bloomberg Petrobras has received three bids for a 2,800-mile (4,506 kilometer) natural gas pipeline system being sold as part of a wider push to raise cash through divestments, said people knowledgeable on the matter. Mubadala Development along with EIG Global Energy Partners are leading one group while Sydney-based Macquarie Group Ltd. leads another that submitted bids for Transportadora Associada de …

Bloomberg US energy regulators embarked upon a wide-ranging review of how interstate natural-gas pipelines are approved, amid concerns that current guidelines have become outdated following the shale boom. The Federal Energy Regulatory Commission will examine the use of eminent domain, how the need for a pipeline is assessed and the extent to which greenhouse gas emissions should be taken into …

Bloomberg Bird, a startup that deploys electric scooters with location trackers on city sidewalks and rents them through an app, trumpeted two weeks ago that it was bringing its service to San Francisco. The company, run by a former honcho at both Uber Technologies Inc. and Lyft Inc., said it was determined to make sure everything went smoothly with city …

Bloomberg Cisco Systems Inc., the biggest maker of the gear companies use to connect employees, said it’s expanding the use of artificial intelligence in its online collaboration and video-conference products to make meetings more useful and efficient. Menial tasks such as scheduling, taking notes and following up on requests will be taken care of by machines in the future, according …

DUBAI / Emirates Business Smart Solutions and IT Technology (SSIT), the region’s leading one-stop shop for office automation solutions and part of the Al Ahlia Group, is delighted to introduce an extensive range of TA Triumph-Adler products to the UAE market. TA Triumph-Alder’s tailor-made document and output management software solutions are designed to deliver the highest levels of quality, reliability, …

Bloomberg Facebook Inc. is building a team to design its own semiconductors, adding to a trend among technology companies to supply themselves and lower their dependence on chipmakers such as Intel Corp. and Qualcomm Inc., according to job listings and people familiar with the matter. The social media company is seeking to hire a manager to build an “end-to-end SoC/ASIC, …

Bloomberg Former Yahoo Chief Executive Officer Marissa Mayer is starting a technology business incubator, Lumi Labs, with longtime colleague Enrique Munoz Torres. The venture will focus on consumer media and artificial intelligence, according to the company’s website, which is set against a backdrop of snow-covered peaks. Lumi means snow in Finnish, Mayer told the New York Times, which reported the …

Bloomberg European Central Bank policy makers see scope to wait until their July meeting to announce how they’ll end their bond-buying program, according to euro-area officials familiar with the matter. Governing Council members want sufficient time to judge if the economy is overcoming its first-quarter slowdown, the officials said, asking not to be identified because the internal deliberations are confidential. …

Bloomberg Even before Bundesbank will publish its annual statistics on the consolidation in the German banking industry in May, there are already indications that the total number of banks and branches has dropped even further. Banks from abroad or those focussing on very specific customer groups are among the few that are expanding. The number of savings and cooperative banks, …