Bloomberg Libyan oil is gushing again with production and exports surging to the highest in years. Despite unresolved domestic conflicts that first erupted after the ouster of dictator Muammar Qaddafi, Libya has somehow found a way to get its crude flowing. Already this year, it’s secured commitments from some of the world’s biggest energy companies, including at least three new ...

Bloomberg The European Union may beef up a plan to screen foreign investments as China’s pursuit of acquisitions abroad fosters political unease in the bloc, according to a key EU lawmaker. Franck Proust, a French member of the European Parliament, said the assembly and EU governments may reach an agreement by year-end on the first bloc-wide rules meant to prevent ...

Bloomberg Volkswagen AG officials are discussing options to prepare the truck division for access to the capital markets, potentially paving the way for an initial public offering of shares or a bond sale by the unit, according to people familiar with the matter. Deliberations at a recent meeting included changing the division’s legal structure to a private limited company under ...

Bloomberg UK Prime Minister Theresa May spoke to First Minister of Scotland Nicola Sturgeon and First Minister of Wales Carwyn Jones after setting out her Brexit priorities and plans for trade relations in a London speech. May told the leaders the UK would seek “customs arrangements that would lead to as frictionless trade as possible with our European neighbours, as ...

Bloomberg Embattled Anbang Insurance Group Co.’s plan to convert much of Manhattan’s Waldorf Astoria hotel into luxury condos has been the subject of speculation from Wall Street earnings calls to the pages of the New York Post. Now, evidence that the project is going forward is emerging from an unlikely source: a moving van owned by a little-known religious group. ...

Bloomberg In case you were wondering why three out of the nine companies attending President Donald Trump’s metal-tariff announcement were foreign, this map has the answer. Steel plants owned by non-American companies such as ArcelorMittal account for a large chunk of total US production, with the Luxembourg-based company’s plants alone representing about 16 percent, according to Bloomberg Intelligence. Other foreign ...

Bloomberg South Korean President Moon Jae-in will send his top national-security adviser as well as his chief spy as special envoys to Pyongyang on Monday in a bid to persuade Kim Jong Un to open talks with Washington, in the latest bid to avoid a potential conflict over the country’s nuclear program. The 10-member group will be led by Chung ...

Bloomberg Saudi Arabia aims to build a defense industry at breakneck speed, and it’s ready to look beyond its traditional Western allies for help. The oil-rich kingdom has long been a favourite customer of arms sellers, especially American ones. President Donald Trump announced $110 billion in deals during his trip there last year. Now, 32 year-old Crown Prince Mohammed bin ...

Bloomberg Germany’s Social Democrats voted to join Chancellor Angela Merkel’s next government, clearing the last hurdle to her fourth term and restoring a sense of political stability in Europe’s biggest economy. SPD members approved the coalition pact by a wider-than-expected margin, which may make it easier for the party to effectively govern with Merkel’s Christian Democrat-led bloc. The result, unsealed ...

Bloomberg Australian Prime Minister Malcolm Turnbull’s Liberals will remain in power in Tasmania after claiming victory in state election. “Four years ago you voted for change; today you have voted for no change — to stick with the direction this state is heading and to take our state to the next level,” state Premier Will Hodgman, 48, told supporters, after ...