July, 2018

• 11 July

  dnata celebrates 25 years of international growth

  

  Dubai / Emirates Business dnata, one of the world’s largest air services providers, celebrates the 25th anniversary of its first overseas operation. The Gerry’s Group in Pakistan and UAE-based dnata joined hands in July 1993 as Gerry’s dnata to provide ground handling services at Karachi Airport. The joint venture has since grown to become Pakistan’s largest cargo and ground handling ...

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• 11 July

  OPEC expects rival supplies to grow most in 5 years in 2019

  

  Bloomberg OPEC expects supplies from its rivals to increase by the most in five years in 2019, with extra oil from the US alone sufficient to meet the growth in global demand. In its first detailed outlook for 2019, the Organization of Petroleum Exporting Countries indicated that the North American oil boom means OPEC members are already producing enough crude ...

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• 11 July

  Billionaire Adani, GAIL among 400 bidders for India city-gas licenses

  

  Bloomberg Billionaire Gautam Adani’s gas retailing unit is among firms that submitted 400 bids for the 86 areas the Indian government offered in its latest auction for city-gas licenses. Adani Gas Ltd bid for 32 licenses, Chief Executive Officer Rajeev Sharma said on Wednesday, while its joint venture with Indian Oil Corp bid for 20. A unit of state gas ...

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• 11 July

  Oil strike in Norway shuts Shell field in Knarr as escalation looms

  

  Bloomberg A strike curtailed oil production off Norway for the first time in six years as Royal Dutch Shell Plc shut a North Sea field and workers threatened to escalate labor action at the weekend. Shell was forced to shut down its Knarr field, which produced about 23,000 barrels a day of oil and 3,500 barrels of natural-gas liquids a ...

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• 11 July

  ‘Trade war could leave energy unscathed’

  Bloomberg The energy industry is one of the safest sectors to be in as US President Donald Trump instigates a global trade war, Husky Energy Inc. Chief Executive Officer Rob Peabody said. Husky has ties to many of the major players in the emerging trade battles. The Calgary-based company controlled by Hong Kong billionaire Li Ka-Shing has a major production ...

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• 11 July

  US drivers to cut gasoline use for first time since ’12

  Bloomberg American drivers are poised to pump less for the first time in six years. US gasoline demand is expected to fall by 10,000 barrels a day in 2018 compared to last year, according to the Energy Information Administration. Overall consumption is forecast at 9.31 million barrels a day, the agency said in its monthly Short-Term Energy Outlook. The last ...

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• 11 July

  Supercars won’t purr on China fuel if US gets way

  

  Bloomberg Donald Trump is snuffing out any chance for China to tap into the growing market for powering the supercars cruising around Malibu and Manhattan. The US administration’s latest 195-page list of an additional $200 billion in Chinese goods targeted for import tariffs includes seemingly obscure products such as benzene, toluene, xylene, methyl tertiary-butyl ether and butanol. These are typically ...

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• 11 July

  Tesla sharing tech with China is ‘subject to negotiation’: Official

  

  Bloomberg Any sharing of technology by Tesla Inc. with a Chinese partner as part of its expansion in the world’s largest electric-car market is a matter that’s “subject to negotiation,” a Shanghai government official said. “For technology transfer, it is a matter subject to negotiation between the enterprises,” Huang Ou, deputy head of the Shanghai government’s economy and information technology ...

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• 11 July

  Singapore’s 139-year-old telecom has plans for millennials

  

  Bloomberg Singapore Telecommunications Ltd. was around back when the telegraph was still cool. Now the 139-year-old company is experimenting with video games as a way to raise its profile with millennials. The telecom giant announced it plans to start a competitive gaming league this year and will eventually sponsor its own team. Esports may already be big business in markets ...

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• 11 July

  Cheap Chinese TVs may just get lot more expensive amid trade war

  

  Bloomberg TVs bearing labels like Hisense or TCL have long been the go-to for bargain-hunters scouring Best Buy for deals. That may change real soon. Nestled among the thousands of knick-knacks, paraphernalia and foodstuffs Donald Trump’s targeting in his next salvo of punitive tariffs are a plethora of components and gear essential to televisions and displays — including the cubic ...

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