Bloomberg President Donald Trump’s administration took the dispute over his temporary travel ban to the Supreme Court again, asking the justices to let the government bar entry into the US by people with grandparents and cousins in the country. The administration filed papers late Friday asking the court to clarify a June 26 ruling that said the government had to ...

Bloomberg Former Prime Minister Tony Blair said Britain should keep open the option of staying in the European Union so Brexit can be called off if the mood of voters changes during the two-year negotiation period. The damage to the economy and livelihoods caused by a break from the 28-nation bloc is becoming clearer as divorce proceedings continue, and a ...

Bloomberg China freed the most prominent dissident jailed under President Xi Jinping, drawing further attention to the country’s human-rights record amid an international outcry over the death of Nobel laureate Liu Xiaobo. Xu Zhiyong, 44, founder of the New Citizens’ Movement, was released on Saturday after completing a four-year prison sentence for gathering a crowd to disturb the public order, ...

Bloomberg New York gasoline traders have figured out something the rest of the oil world is dying to know how to do: balance the market. Mid-Atlantic gasoline supplies are now more than 5 million barrels lower than year-ago levels, an impressive decline considering stockpiles in the region swelled to 42.3 million in February — the highest level in government records ...

Bloomberg Crude oil inventories will decline at a faster pace worldwide in the second half of the year as demand increases and OPEC members comply better with a global agreement to cut output, Kuwait’s OPEC Governor Haitham al-Ghais said. The Organization of Petroleum Exporting Countries and other major producers including Russia agreed in May to extend their supply-cuts deal through ...

Bloomberg Wind and solar power don’t pose a significant threat to the reliability of the US power grid, Energy Department staff members said in a draft report, contradicting statements by their leader Rick Perry. “The power system is more reliable today due to better planning, market discipline, and better operating rules and standards,” according to a July draft of the ...

Bloomberg Envision Energy, one of world’s largest wind turbine manufacturers, has bigger ambitions. Chief Executive Officer Lei Zhang laid out a vision for a global “ecosystem” of energy in which solar and wind farms, power plants, utilities, big electricity customers and all of the application and software developers that support them are connected to each other on a single, digital ...

Bloomberg The US is seeking to recover $144 million in assets, including proceeds from a luxury condominium on Manhattan’s Billionaires’ Row in New York, which prosecutors claim were spoils from bribes paid for Nigerian oil contracts. The Justice Department, in a lawsuit filed in Houston, said two Nigerian businessmen made corrupt payments to a Nigerian official who oversaw the country’s ...

Bloomberg A Chinese consortium agreed to pay S$16 billion ($11.6 billion) for Global Logistic Properties Ltd., the warehouse operator backed by Singapore’s sovereign wealth fund, in Asia’s biggest buyout. GLP accepted the takeover offer from a management-backed group that includes private equity firms Hillhouse Capital Management and Hopu Investment Management. The group, which also includes founder Ming Mei’s SMG, Bank ...

Bloomberg Infosys Ltd. raised its annual revenue outlook after eking out a 1 percent rise in quarterly net income, as newer digital services helped it bag contracts despite shrinking client budgets. Asia’s second-largest outsourcer of IT services forecast a 7.1 to 9.1 percent climb in revenue for the year ending March 2018 on a US dollar basis. That beat analyst ...