Bloomberg Next year, the US government doesn’t see global or US crude production as high as it once did. The Energy Information Administration decreased its 2019 forecast for global production to 102.21 million barrels a day, with most of the downward revision from the Organization of Petroleum Exporting countries. World demand growth is unchanged. At the same time, it sees ...

Bloomberg Toyota Motor Corp. is making the largest ever bet by an automaker on ride hailing as it embraces new businesses that threaten to disrupt the industry’s traditional model of vehicle ownership. The world’s most profitable car manufacturer is investing $1 billion in Singapore’s Grab Holdings Inc., valuing Southeast Asia’s largest car-hailing service at just over $10 billion, according to ...

Bloomberg Sun Pharmaceutical Industries Ltd. shares extended a rally after US regulators lifted sanctions on a key plant, clearing the way for India’s biggest drugmaker to renew product launches from the facility after a two and a half year ban. The US Food and Drug Administration has closed its inspection of the Halol plant after the issues contained in a ...

Bloomberg Global trade faces greater uncertainty and there’s a risk progress that’s been made on commerce may unravel because of dispute between China and the US, Singapore Deputy Prime Minister Tharman Shanmugaratnam said. The relationship between the world’s two largest economies will be the most important in defining the future of global economics and trade, Shanmugaratnam said at a briefing ...

Bloomberg Copper imports by India are about to rise fourfold as the shuttering of a huge smelter in the south of the country slashes local supply at a time when demand is starting to accelerate, according to Care Ratings Ltd. Overseas purchases of refined metal are set to climb to 170,000 metric tons in the year through March from about ...

Bloomberg In 2016, Geoffrey See was jolted awake on a flight run by North Korea’s national carrier as smoke swirled through the cabin. Passengers sensed that the aircraft was descending rapidly, yet their panic was met with preternatural calm by a crew who insisted nothing was amiss. The travellers sat in white-knuckled fear as the plane made an emergency landing. ...

Bloomberg AT&T Inc.’s sweeping court victory allowing its takeover of Time Warner Inc. delivers a sharp setback to the Justice Department’s new approach to policing mergers under President Donald Trump and promises to spark a merger wave across industries. The federal judge’s decision raises the bar for the government’s ability to challenge deals between companies that don’t compete directly. That ...

Bloomberg Adyen NV, a Dutch payments processor whose clients include Netflix Inc. and Spotify Technology SA, more than doubled in its trading debut in Amsterdam. The shares, which priced at 240 euros apiece in Europe’s biggest technology public offering of the year, reached 503.90 euros early on Wednesday, before retreating to 436.55 euros by 1:10 p.m. local time. Adyen’s market ...

Bloomberg A cyberattack at Dixons Carphone Plc affected almost 6 million payment cards as hackers sought access to customers’ personal data in another challenge for new Chief Executive Officer Alex Baldock. The retailer, already struggling with a slowing mobile phone market in the UK and the rise of Amazon.com Inc., said 1.2 million records containing nonfinancial information such as names, ...

Bloomberg Consulting firm Accenture has a new tool to help businesses detect and eliminate gender, racial and ethnic bias in artificial intelligence software. Companies and governments are increasingly turning to machine-learning algorit-hms to help make critical decisions, including who to hire, who gets insurance or a mortgage, who receives government benefits and even whether to grant a prisoner parole. One ...