January, 2018

• 9 January

  Fired engineer sues Google for anti-conservative bias

  

  Bloomberg The engineer who was fired by Google after he criticised its diversity policies claims in a lawsuit that he and others at the internet giant were harassed over their conservative political views. James Damore filed a class-action complaint after setting off a firestorm in August with a 10-page memo blasting Google’s “left bias” for creating a “politically correct monoculture.” ...

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• 9 January

  Mideast soaks up Europe gasoline

  

  LONDON / Reuters Gasoline exports from Europe to the Middle East have surged in recent months to record highs as traders seek to fill a gap due to particularly heavy refinery maintenance in the region in the coming months, according to shipping data and trading sources. So far this month, at least a dozen tankers have been confirmed or placed ...

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• 9 January

  India proposes 70% duty on solar imports from China, Malaysia

  Bloomberg India, the largest importer of Chinese solar equipment, proposed a 70 percent safeguard duty on cells and modules shipped from China and Malaysia, citing “threat of serious injury” to the domestic industry. Acting on an application by five local cell and module makers, the Directorate General of Safeguards, Customs and Central Excise made the proposal in a document dated ...

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• 9 January

  Goldman, Citi in lead for top roles in Aramco IPO

  

  Bloomberg Saudi Arabian Oil Co. is set to appoint banks including Goldman Sachs Group Inc. and Citigroup Inc. to help manage its initial public offering, people familiar with the matter said, as the state-owned crude producer pushes ahead with what could be the world’s largest share sale. JPMorgan Chase & Co., HSBC Holdings Plc and Morgan Sta- nley, which have ...

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• 9 January

  Oil near $62 as American stockpiles seen declining

  Bloomberg Oil steadied near $62 a barrel on estimates that US crude stockpiles declined for an eighth week as the rebalancing of global markets continues. Futures added as much as 1.3 percent in New York to the highest intraday level in almost three years. US inventories probably fell by 3.75 million barrels last week, according to a Bloomberg survey before ...

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• 9 January

  Oil cuts claim a victim as supertanker earnings tumble

  

  Bloomberg OPEC’s strategy to end a worldwide crude glut is causing havoc for a vital link in the oil industry’s supply chain: the fleet of supertankers that shuttle fuel between continents. The ships’ average earnings plunged last year by more than half to levels not seen since 2009 and far below what shipping analysts had been predicting. Now, the producer ...

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• 9 January

  Libya’s NOC says wins arbitration on Ras Lanuf refinery

  TUNIS / Reuters Libya’s National Oil Corp (NOC) said it had won two international arbitration cases over the 220,000 bpd-capacity Ras Lanuf refinery, and called for the refinery to restart as soon as possible. The NOC said in a statement that the arbitration cases, which date to 2013, had been settled in its favour at the International Chamber of Commerce ...

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• 9 January

  May’s weakness resurfaces as cabinet reboot falls into chaos

  

  Bloomberg UK Prime Minister Theresa May’s attempt to give her government a 2018 reboot was marred by a chaotic cabinet reshuffle as senior ministers refused to follow her orders. It’s a development that bodes ill for her ability to successfully navigate the next, even trickier stage of Brexit talks. May’s office flagged the events as “a refresh” of her top ...

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• 9 January

  Jordan arrests 17 in foiled IS attack plot

  AMMAN / Reuters Jordan said it had foiled an IS plot that included plans for a series of attacks last November on security installations, shopping malls and moderate religious figures, state media reported. State news agency Petra said the country’s intelligence department had arrested 17 members of a cell and confiscated weapons and explosives that the militant group had planned ...

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• 9 January

  1 killed in Tunisia protests over price rise, tax hike

  TUNIS / Reuters One person was killed during clashes between security forces and protesters in a Tunisian town, the government said, as demonstrations over rising prices and tax increases spread in the North African country. A man was killed during a protest against government austerity measures in Tebourba, 40 km (25 miles) west of Tunis, the interior ministry said in ...

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