October, 2017

• 10 October

  Iraq, Iran boosted crude exports in September

  

  Bloomberg Iraq and Iran boosted crude exports in September, taking advantage of a slower pace of shipments from rival Saudi Arabia to win buyers in key markets like China and the U.S. Iraq shipped 3.98 million barrels of crude a day, the highest since December, while Iran’s exports rose to 2.28 million barrels a day, the most since February, according ...

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• 10 October

  Italy’s oil giant taps Mediterranean diet to turn fats into fuel

  

  Bloomberg Each week, Friggi Oil Service pays a visit to Ai Due Otri, a traditional Sardinian restaurant in central Rome, to pick up what’s left in the frying pan. Leftover oil from this and other restaurants is trucked to a collection area just outside the capital. It’s then taken to a refinery operated by Eni SpA, Italy’s oil and gas ...

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• 10 October

  Green power a victim of own success down under

  

  Bloomberg Plummeting costs for renewable energy in Australia may tilt the government towards scrapping subsidies designed to encourage use of the technology. A sharp decline in the cost of solar and wind power has raised the prospect of ending the incentives as renewables are now able to compete or even beat fossil fuels. That may give Prime Minister Malcolm Turnbull ...

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• 10 October

  Not obliged to consult minister for oil deals, says Nigeria NNPC

  Bloomberg Nigeria’s state oil company said it wasn’t obliged by law to refer contracts to Petroleum Minister of State Emmanuel Kachikwu for review or approval, dismissing allegations it made at least $24 billion worth of deals without following due process. “The law and the rules do not require a review or discussion with the Minister of State or the NNPC ...

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• 10 October

  Modi seeks simpler rules to raise direct tax share from ‘07 low

  

  Bloomberg India is reviving attempts to overhaul its half-century-old direct tax laws as it looks to increase the share of collections from the lowest in a decade. Prime Minister Narendra Modi’s government is working to ensure that tax payers don’t need to submit multiple returns and have quicker options of redress should a dispute arise, said people familiar with the ...

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• 10 October

  China’s top anime streaming site to plan IPO in US

  Bloomberg Bilibili, China’s top online platform for streaming Japanese animation, is planning a US initial public offering that could raise at least $200 million, according to people with knowledge of the matter. The website operator aims to list in New York as soon as next year, the people said, asking not to be identified because the information is private. Bilibili ...

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• 10 October

  Baidu checks 3bn ‘fake news’ claims yearly

  

  Bloomberg China’s biggest search engine, Baidu Inc., checks out 3 billion claims of fake news every year and works closely with government agencies to tackle an issue it calls a global challenge. The spread of rumors and false information is a problem faced by companies around the world that requires technology and cooperation with external organizations to fix, President Zhang ...

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• 10 October

  London Mayor Khan to visit India, Pakistan to promote trade

  Bloomberg London Mayor Sadiq Khan will visit India and Pakistan later this year to promote the UK capital and build trade and cultural links. The mayor will tell government and business leaders that London is still open to people from across the world, despite international perceptions of last year’s vote to leave the European Union. “I am passionate about showing ...

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• 10 October

  Google, Facebook and Twitter race to hold Washington at bay

  

  Bloomberg Google summoned about 200 policy staff from around the world last month for a debate on whether the company’s size has made it too attractive as a target for government regulators. The two-day retreat in Monterey, California, where employees from the $682 billion company plied Washington policy experts with questions about the pros and cons of its size, took ...

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• 10 October

  Apple’s Cook meets Macron amid calls for tech taxes

  Bloomberg Apple Inc. Chief Executive Officer Tim Cook met Emmanuel Macron in Paris, and according to French officials he didn’t push back against calls by the French president and European allies to change rules in the region to get technology giants to pay more taxes. The two met at the French presidential palace at the request of Cook. Macron is ...

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