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Largest Libyan oil field set to restart

Bloomberg Forces loyal to Libya’s eastern leader Khalifa Haftar have taken control of the country’s biggest oil field and say the deposit is secure and ready to resume production. Haftar’s self-styled Libyan National Army fanned out in the southwestern Sharara field, people with knowledge of the matter confirmed. Armed protesters had closed down the 300,000 barrel-per-day deposit in December, demanding ...

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US solar jobs fall for second straight year

Bloomberg US solar jobs fell for a second straight year as companies delayed projects in anticipation of President Donald Trump’s import tariffs. The good news: Employment is set to bounce back in 2019. The sector lost about 8,000 jobs in 2018, a 3.2 percent drop, as uncertainty over the tariffs announced early that year slowed large-scale projects, according to a ...

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Britain should tackle power of Facebook over news, report says

Bloomberg The UK should tackle the power of Alphabet Inc.’s Google and Facebook Inc. over Britain’s news publishers and push the tech platforms to promote quality journalism, according to a report commissioned by the government to find remedies for the struggling local press. The Cairncross Review called for codes of conduct to govern commercial relationships between the Silicon Valley giants ...

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‘Amazon’s HQ2 jobs are mission critical’

Bloomberg Defending the incentive package to attract Amazon.com Inc.’s HQ2 to New York City, Mayor Bill de Blasio said the prospect of the tech giant bringing tens of thousands of jobs to the area was “mission critical.” “We had a real live choice to make —25,000 to 40,000 jobs, many of them good paying, that New Yorkers really want and ...

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TUI down as losses plague Europe’s top holiday firms

Bloomberg TUI AG fell as much as 8 percent after Europe’s biggest holiday company detailed how a glut of flights and hotel rooms is hurting earnings, giving investors more reasons for concern following a profit warning last week. The loss for the quarter through December more than doubled, with no prospect of a turnaround because prices are depressed by unfilled ...

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Trump gives diplomacy a chance to oust Maduro

Bloomberg President Donald Trump likes to boast about his disruptive foreign policy style—calling North Korea’s leader “Little Rocket Man” or announcing plans to pull troops from Syria without notifying his top generals. But with Venezuela, Trump is playing it uncharacteristically straight, using textbook diplomacy that he usually shuns in seeking the ouster of President Nicolas Maduro. Instead of going it ...

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Refugee bill: Australia suffers historic defeat

Bloomberg The government of Prime Minister Scott Morrison has lost a crucial vote on a bill that allowed doctors greater say on the medical evacuation of sick asylum seekers from detention centers on Manus Island and Nauru. During a heated debate in the parliament, Morrison warned the changes would weaken Australia’s borders and raise national security concerns. Despite the defeat, ...

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Catalan crisis shapes Spain as separatist trial begins

Bloomberg The Catalonia drama unfolded on a new stage with the start of a historic trial of separatist leaders in Madrid — and it threatens to claim the scalp of a second Spanish prime minister in less than a year. Twelve separatists leaders — led by former Catalan vice-president Oriol Junqueras who is facing up to 25 years in jail ...

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US vows to fight Russia, China for influence in NATO’s east

Bloomberg The US will fight to regain influence in NATO’s eastern flank, particularly in countries such as Hungary where the government’s spotty record on democracy led to a freeze in relations that allowed Russia and China to extend their sway, Secretary of State Michael Pompeo said. Pompeo, in the first visit to Hungary by a US secretary of state since ...

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