Bloomberg Makram Azar, chairman for Barclays Plc’s Europe, Middle East and Africa banking operations, retired from his role at the British lender, according to a memo to obtained by Bloomberg News. Azar, who also headed the bank’s Middle East’s operations, will return as a senior adviser in January 2019, according to the memo issued by Joe McGrath, global head of ...

Bloomberg Investment bankers in Hong Kong are catching biotech fever. At least seven senior bankers and analysts from top-tier securities firms have quit to join biotechnology companies in the city since December, responding to the industry’s growing demand for financial expertise after rule changes at Hong Kong’s stock exchange smoothed the path for biotech initial public offerings. Richard Yeh, a ...

Bloomberg A flurry of activity in a remote Canadian town is raising optimism that Royal Dutch Shell Plc and its partners are ready to go ahead with the nation’s largest infrastructure project: a C$40 billion ($30 billion) LNG terminal that could at last unlock energy exports to Asia. The action is unmistakable in Kitimat, British Columbia, the Pacific coast city ...

Bloomberg The possible replacement of the UK’s aging nuclear reactor fleet may offer China’s ambitious atomic power companies an outlet for investment and technology. That could be the driver behind reports over the weekend by London-based Sunday Times that state-owned China General Nuclear Power Corp “made an approach” about acquiring as much as 49 percent in eight UK nuclear power ...

Bloomberg Political and business leaders gathering for an economic conference in southern France over the weekend called on the European Union (EU) to flex its muscles and save a world trade system disrupted by US President Donald Trump as tariff wars escalate among the US, Europe and China. “If tomorrow, there were to be new hikes of tariffs on other ...

Bloomberg New homes built in the UK will soon be required to have charge points for electric vehicles, according to the government’s Road to Zero report released on Monday. “It is our intention that all new homes, where appropriate, should have a charge point available,” it said. “We plan to consult as soon as possible on introducing a requirement for ...

Bloomberg Cosco Shipping Holdings Co. pledged to sell a container terminal in California, helping allay concerns of US regulators and clearing the way for its $6.3 billion acquisition of Orient Overseas International Ltd. announced last year. The state-owned shipping giant signed a national security agreement with the US on July 6 to dispose of the Long Beach facility to a ...

Bloomberg The pound climbed to the strongest level in almost a month on optimism that a crisis engulfing UK Prime Minister Theresa May’s government won’t spiral into a leadership challenge. Sterling gained against both the dollar and the euro in London trading as traders judged the resignation of Brexit Secretary David Davis would make a soft exit from the EU ...

Bloomberg Daimler halted deliveries of a type of diesel engine for trucks as a precautionary measure, after the company said it found issues that could lead to emissions “slightly” exceeding nitrogen oxide limits under certain conditions. The Stuttgart-based company reported its findings to Germany’s Federal Motor Transport Authority (KBA) at the end of June, and is in a “constructive dialog” ...

Everywhere one looks these days, it seems global norms are und-er assault. From South China Sea to Eastern Europe, longstanding international rules of the road — concepts such as non-aggression, freedom of navigation and self-determination — are being flagrantly flouted or subtly ero- ded. Ideas, like democracy and respect for human rights, that seemed to have become incontestably dominant are ...