DUBAI / Reuters Saudi Aramco said on Wednesday it had signed a joint venture agreement with three firms to build a shipyard on the kingdom’s east coast, part of the government’s drive to diversify the economy beyond oil. A shareholder agreement was signed with National Shipping Co of Saudi Arabia (Bahri), a state-controlled firm which ships oil for Aramco, as ...

Bloomberg It will be a public trial by fire for new Exxon Mobil Corp. CEO Darren Woods. Presiding over his first annual meeting since predecessor Rex Tillerson left to become US secretary of state, Woods will be tested on Wednesday on everything from climate change to his own paycheck. Analysts and investors will be watching to see if he proves ...

Bloomberg A suicide truck bomb in Kabul killed as many as 80 people and wounded 350 on Wednesday morning near a diplomatic enclave in the worst attack on the Afghan capital in 10 months. The explosion happened near the German embassy about 8:25 a.m. in the Wazir Akbar Khan area, a busy neighborhood that’s home to the presidential palace and ...

Bloomberg Russia attacked IS targets in Syria with cruise missiles fired from a warship and submarine, the Defense Ministry in Moscow said. The Admiral Essen frigate and the Krasnodar submarine, operating in the Mediterranean Sea, hit sites around the Syrian city of Palmyra with four Kalibr missiles, the ministry said in a statement on Wednesday. The US, Turkey and Israel ...

Bloomberg A top White House official announced his resignation on Tuesday after less than three months on the job, a dire start to President Donald Trump’s first week back in Washington following a nine-day trip overseas. “It has been my great honor to serve President Trump and this administration,” Communications Director Mike Dubke said in a statement after Trump adviser ...

Bloomberg UK Labour Party leader Jeremy Corbyn is dominating the British election campaign—for good and bad—with just over a week left before voters choose a government to negotiate Brexit. A dramatic 24 hours culminated in a poll suggesting the election could produce no clear winner, pushing sterling lower. On Tuesday, Corbyn forgot the cost of a key childcare policy during ...

Bloomberg Former Trump White House National Security Adviser Michael Flynn agreed to turn over a limited number of documents sought by the Senate Intelligence Committee for its investigation into Russian interference in the 2016 election. Flynn has agreed to initially produce documents the committee subpoenaed from his two companies, Flynn Intel LLC and Flynn Intel Inc., according to a person ...

Bloomberg A decade after joining the European Union, Bulgaria is stepping up its lobbying efforts to switch to the euro, part of an expansion by the bloc that could help stabilize the volatile Balkan region. The former communist country will ask euro-area politicians to back its bid to join the ERM-2 exchange-rate mechanism, the precursor to adopting the common currency, ...

Bloomberg Ryanair Holdings Plc plans to accelerate its European expansion to take advantage of financial woes at regional competitors and reduce its reliance on an uncertain UK market. Europe’s biggest discount carrier is in talks with Boeing Co. to add two or three more 737 jets to its existing delivery schedule while extending leases on 10 other planes through 2019, ...

Bloomberg Indian Prime Minister Narendra Modi is actively considering a proposal to privatize state-run Air India Ltd., possibly asking the buyer to absorb loans of about 200 billion rupees ($3.1 billion) linked to aircraft purchases, a person with direct knowledge of the matter said. The deliberations follow recommendations by a government panel for the sale of the money-losing carrier that ...