Abu Dhabi / Emirates Business The Abu Dhabi National Exhibition Company (Adnec) finished preparations as it prepares to host the World Future Energy Summit (WFES) to its halls from January 14 to 17. Serving as a platform where governments, corporations, entrepreneurs and investors can share knowledge and solutions to the world’s growing energy challenges, WFES 2019 expects over 850 exhibitors ...
Read More »Labour vows confidence vote as May’s Brexit defeat looms
Bloomberg Lawmakers are set this week to reject the Brexit deal Theresa May agreed with the European Union, plunging Britain deeper into crisis with less than 11 weeks remaining before Britain is due to leave the bloc. Writing in the Sunday Express newspaper, the prime minster made a last-ditch appeal, warning that defeat for the government on Tuesday would amount ...
Read More »Greek PM to call confidence vote
Bloomberg Greek Prime Minister Alexis Tsipras will call a confidence vote in his government next week after key coalition partners withdrew their support over a spat over the name of neighboring Macedonia, increasing the risks or early elections. “We will immediately proceed with the process to renew the parliament’s support†for the government, Tsipras said after a meeting in Athens ...
Read More »Trump denies hiding details of Putin talks
Bloomberg US President Donald Trump said he “couldn’t care less†if details from his conversation with Russian leader Vladimir Putin were released. Trump was responding to a Washington Post report, which said he went to great lengths to hide details of his discussions with Putin. Trump took possession of his interpreter’s notes after a 2017 meeting in Hamburg and instructed ...
Read More »Democrats force vote to keep Deripaska sanctions
Bloomberg US Senate Minority Leader Chuck Schumer says he will force a vote next week on a measure to block the Treasury Department’s plans to lift sanctions on three Russian companies linked to oligarch Oleg Deripaska, who is reported to be under scrutiny by Special Counsel Robert Mueller in his probe of Moscow interference in the 2016 presidential election. Schumer’s ...
Read More »Yellow vests gather across France for ninth weekend
Bloomberg Tens of thousands of France’s Yellow Vest protesters rallied around the country again on Saturday as the movement tries to rebuild momentum after declining turnouts in recent weeks and as public support wanes. The ninth weekend of demonstrations came days before President Emmanuel Macron launches a national debate intended to dispel the anger exposed by the recent violent protests, ...
Read More »Markets signal US more likely hurtling towards recession
Bloomberg Many financial markets are already signalling that the US is more likely than not hurtling towards recession. But will they prove prescient or overly fretful? The prospect of a widespread yield inversion in the Treasury market, which has preceded US downturns for more than half a century, has generated the most alarm and is edging even closer to fruition. ...
Read More »Tech stocks witness solid gains in 2019
Bloomberg Technology stocks have seen solid gains since tumbling to a 15-month low late last month, but investors aren’t convinced that that low represents a bottom for the sector, which has been volatile amid questions over growth and valuation. The S&P 500 information technology index is up 10 percent since the close of trading on December 24, when it ended ...
Read More »Saudi Aramco could sell $10bn bond to acquire stake in Sabic
Bloomberg Saudi Aramco could tap the bond market for about $10 billion to help fund the acquisition of petrochemicals giant Saudi Basic Industries Corp, according to the country’s Energy Minister Khalid Al-Falih. The kingdom will decide in the “next few weeks†about the size of the proposed bond, though the offering would not be “huge,†Al-Falih told reporters in Abu ...
Read More »Russia eyes island storage for Arctic gas
Bloomberg Russia’s Novatek PJSC is looking at storing liquefied natural gas produced in the Arctic on Japan’s southern island of Kyushu so it can better meet spot demand from China and cut shipping costs. Saibu Gas Co, which last month signed a preliminary deal to allow Russia’s biggest LNG producer to use its storage facilities, said it may build two ...
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