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Bloomberg India’s economy appears to be shaking off a slump, as activity in the services and manufacturing sectors expanded for a second straight month in December. The needle on a gauge measuring so-called animal spirits signalled the economy may be taking a turn for the better, as five of the eight high-frequency indicators tracked by Bloomberg News came in stronger ...

Bloomberg The Philippines lowered its alert on the Taal volcano south of the capital amid weaker eruptions and earthquakes that in the past weeks had spewed ash and molten rock, causing hundreds of thousands to flee their homes. The alert was reduced to 3 from 4 out of a 5 rating-scale, the Philippine Institute of Volcanology and Seismology said on ...

Bloomberg Exxon Mobil Corp plans to start gauging buyer interest in its UK and German upstream operations in the coming weeks as the oil major continues to divest overseas assets, people with knowledge of the matter said. The energy giant aims to start a sale process for its UK North Sea assets imminently, according to the people. It would then ...

Bloomberg EnCap Investments LP plans to use a $6 billion war chest to drill oil and natural gas wells, now that dwindling investor interest has made it tougher for private equity players to offload shale assets. The energy-focussed firm sees “robust drilling economics” in many parts of the US and is running 23 rigs across its portfolio companies, according to ...

Bloomberg The European Union’s (EU) chief negotiator for a post-Brexit trade deal said he’ll work “night and day” for an agreement, though the UK‘s departure will have “innumerable and lasting consequences.” There is a risk the two sides will fail to get a trade agreement by the December 31 deadline and the UK crashes out of the bloc, Michel Barnier ...

Bloomberg Google engineers said a tool Apple Inc developed to help users avoid web tracking is fundamentally flawed and creates more problems than it solves. The Intelligent Tracking Prevention feature on Apple’s Safari web browser, which is meant to block tracking software used by digital advertisers, can be abused to do the exact opposite, according to a paper released by ...

Bloomberg Having just persuaded France to hold off on a digital tax that would hurt its biggest technology firms, the US is facing a similar threat from another part of Europe. The Czech Republic is debating plans to impose one of the world’s highest levies on global internet companies — albeit as a stop-gap measure — brushing aside possible US ...

Bloomberg A year ago, Uber Technologies Inc hiked the price of rides in London and placed the surcharges into a fund that would help drivers switch to electric vehicles. Uber said drivers would be able to start tapping into that fund in the form of discounts on electric cars made by Nissan Motor Co. The two companies agreed to offer ...

Bloomberg Volkswagen AG Chief Executive Officer Herbert Diess is preparing to muscle Elon Musk out of the electric-car lead. While Tesla Inc is paving the way in sustainable mobility, the world’s biggest automaker is buying software companies and ramping up investments in electric vehicles and battery cells, Diess said at World Economic Forum in Davos, Switzerland. “It’s an open race,” ...

Since Watergate, presidents and their aides have warned that impeachment is destabilising to foreign policy. But history suggests otherwise. Presidential scandals create uncertainty abroad, but the impeachment process itself seems to bring clarity and resolution. Keep this lesson in mind as the Senate begins its trial of Donald Trump. The president’s advocates will argue (as he himself has already) that ...