April, 2018

• 14 April

  Trump pardons Cheney aide Scooter Libby for perjury

  Bloomberg President Donald Trump pardoned I. Lewis “Scooter” Libby for lying to investigators probing the leak of a CIA officer identity, offering official forgiveness to a conservative figure whom supporters have argued was unfairly swept up in a politically charged special counsel’s investigation. “I don’t know Mr. Libby,” Trump said in a statement, “but for years I have heard that ...

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• 14 April

  Telecom giants begin jostling for connected-car riches

  

  Bloomberg The phone companies spent decades extending internet access across the US, first to homes and then to mobile devices, only to be stuck collecting relatively small service fees while Google and Amazon built lucrative online empires. Now that a surge of American cars are getting their own internet connections, Verizon Communications Inc. and AT&T Inc. don’t want to be ...

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• 14 April

  Google releases new Africa app to help users beat slow internet

  

  Bloomberg Google is releasing an app in Africa that will help internet users overcome obstacles such as the lack of high-speed connectivity and the cost of data on the continent. The release of Google Go is the US technology giant’s latest attempt to extend its reach into emerging markets such as sub-Saharan Africa, where Facebook Inc. is also making inroads. ...

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• 14 April

  Spotify plans new version of free music service

  

  Bloomberg Spotify Technology SA is developing a new version of its free music service, the first big product change since the streaming company went public last week, according to people familiar with the matter. The company is tweaking the free service to make it easier to use, especially for customers on mobile phones, said the people, who asked not to ...

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• 14 April

  Instagram to allow users download their data

  Reuters Facebook Inc’s Instagram will soon allow its users to download a copy of all the content they have uploaded on the photo-sharing platform, a spokesman said. The disclosure comes amid global concerns about the privacy of users’ information on social media platforms and the amount of user data that companies keep. While Facebook has allowed its users to download ...

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• 14 April

  OPEC near ‘mission accomplished’ as global oil glut vanishes, says IEA

  

  Bloomberg OPEC is on the verge of “mission accomplished” in its quest to clear the global oil glut that caused the worst industry downturn in a generation, the International Energy Agency said. Less than 10 percent of the surplus in oil inventories remains, as OPEC and its partners have cut production by even more than they intended while world demand ...

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• 14 April

  Italy’s Eni defies sceptics, plans raising stake in nuclear fusion project

  

  MILAN / Reuters Italian energy group Eni is considering stepping up its investment in nuclear fusion, potentially doubling down on a technology considered so uncertain that Eni remains the only global oil company prepared to place a bet on it. Eni and bigger rivals such as Shell and BP have been looking at moving into renewable energy as climate change, ...

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• 14 April

  Iraq delays oil auction after late contract tweaks

  Bloomberg Iraq delayed an international auction of rights to 11 of its oil and natural gas deposits, pushing back the bidding date after introducing changes to the contract, according to people familiar with the matter. The oil ministry re-scheduled the auction for April 25, said one of the people, who asked not to be identified because the information isn’t public. ...

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• 14 April

  China’s March crude imports 2nd highest on record

  

  BEIJING / Reuters China’s March crude oil imports climbed from a month earlier to the second highest on record, calculated on a daily basis, as refiners replenished stocks on generous government quotas and ahead of peak maintenance season. March shipments came in at 39.17 million tonnes, or 9.22 million barrels per day (bpd), the General Administration of Customs said. That ...

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• 14 April

  Indian business tycoons offer to invest $192 million in Fortis chain

  

  Bloomberg Fortis Healthcare Ltd. said it has received a joint investment proposal from two Indian business families, intensifying a race to gain control of the country’s second-largest private hospital chain. Hero Enterprise Investment Office and the Burman Family Office have made a binding offer to invest a total of 12.5 billion rupees ($192 million) through a preferential share allotment at ...

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