Bloomberg South and North Korea are discussing plans to announce an official end to the military conflict between the two countries that are still technically at war, the Munhwa Ilbo newspaper reported, citing an unidentified South Korean official. At next week’s summit between South Korea President Moon Jae-in and North Korea leader Kim Jong Un, the two neighbors may release ...

Bloomberg Russia is using compromised computer-network equipment to attack US and British companies and government agencies, the two countries warned in an unprecedented joint alert. The warning came from the US Department of Homeland Security and Federal Bureau of Investigation and Britain’s National Cyber Security Center. It included advice to companies about how to protect themselves and warned specifically of ...

Bloomberg International investigators will head on Wednesday to the site of an alleged chemical weapons attack in Syria that provoked a US-led missile strike. A United Nations security team will inspect the route to Douma, a suburb of the capital, Damascus, before the fact-finding mission from the Organisation for the Prohibition of Chemical Weapons (OCPW) goes there, Tass reported, citing ...

Bloomberg French President Emmanuel Macron gave an unabashed defense of the EU in its political heart, urging the bloc to reject nationalism, deepen integration and promote free trade in the face of US protectionism. In his first appearance at the European Parliament since being elected France’s head of state last year, Macron said divisions in the 28-nation EU evoke a ...

Bloomberg German Chancellor Angela Merkel said she plans to meet with President Vladimir Putin in the “foreseeable future” after military strikes in Syria widened a rift between Russia and the west. Merkel made the proposal after speaking by phone with Putin earlier on Tuesday, when they discussed Syria as well as the Nord Stream 2 gas pipeline project from Russia ...

Bloomberg Oil steadied after the biggest loss in more than a week as OPEC’s hints at extending output cuts fanned optimism and investors anticipated a drop in US stockpiles. Futures in New York were little changed after losing 1.7 percent. Kuwait said the Organization of Petroleum Exporting Countries and allied producers will discuss prolonging an agreement to curb oil output ...

FRANKFURT / Reuters Investment in new European wind farms and equipment is expected to increase this year after a sharp drop in 2017, helped by several large project auctions, according to a major industry body. Spending is forecast to rise 4 percent to 23.2 billion euros ($28.7 billion), WindEurope said in its financing report, after a 19-percent decline in 2017 ...

Oran / Reuters Eni plans “billions” of investments in Algeria over the next three years, the company’s CEO said on Tuesday, as the Italian energy firm said it had agreed to extend its partnership with Algerian state firm Sonatrach. “We need to invest more because Algeria still has a lot of gas,” Eni CEO Claudio Descalzi told anenergy conference in ...

Bloomberg Vermilion Energy Inc. agreed to buy Spartan Energy Corp. for about C$1.08 billion ($860 million) in stock, adding to its production and acreage in southeast Saskatchewan in the largest oil and gas company takeover in Canada this year. Spartan holders will get 0.1476 of a Vermilion share for each Spartan share, Vermilion said in statement. That represents a premium ...

In recent years, a number of economic ideas once considered unassailable have been called into question. The financial crisis and Great Recession throw much of macroeconomic and financial wisdom out the window, and now new evidence is challenging orthodoxy in a variety of areas. For example, recent studies suggests that labour markets don’t work the way economists traditionally believed, and ...