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Bloomberg Canada’s largest oil producing province ordered an unprecedented output cut, an effort to ease a crisis in the nation’s energy industry and adding to global actions to combat a recent price crash. The plan will reduce production of raw crude and bitumen from Alberta by 325,000 barrels a day, or 8.7 percent, from January until excess oil in storage ...

Bloomberg The Australian government hounding the gas sector to get power bills down is overlooking the surge in the price of coal, which fuels the bulk of the country’s generation. The cost of coal power in Australia has doubled from 2016 levels, in line with seaborne spot prices of the fuel, Bloomberg NEF said in a report on Monday. That’s ...

Bloomberg Vivint Solar Inc dropped the most in more than two years after saying a fund managed by Blackstone Group LP, its biggest owner, is selling 8 million of the rooftop solar company’s shares at a 21 percent discount. Vivint fell 21 percent to $5.51 at 11:33 am in New York, after earlier sliding as much as 22 percent. That’s ...

Bloomberg Clean-up crews were at work across Paris after Saturday’s riots as President Emmanuel Macron returned from Argentina and held an emergency cabinet meeting. Last week’s “Yellow Vests” protests saw 412 arrests and 133 wounded, including 23 among the security forces, according to the Paris police. There was also violence in Toulouse, Nantes, near Lyon, and in the Ardennes. Rioters ...

Bloomberg US President Donald Trump said he expects to hold a second summit with North Korea Leader Kim Jong-un as soon as next month and that three locations are being considered. “I think we’re going to do one, fairly, into January, February,” Trump told reporters aboard Air Force One as he returned from the Group of 20 summit in Argentina. ...

Bloomberg Spain’s political establishment suffered another significant crack on Sunday as the far-right group Vox won its first ever representation in a regional election in Andalusia, carving off voters who were targeted by the center-right People’s Party. Vox won 12 seats in the 109-seat regional assembly, a stronghold for Prime Minister Pedro Sanchez’s Socialists for the past 36 years. The ...

Bloomberg Sri Lanka’s Court of Appeal issued an interim order preventing newly appointed prime minister Mahinda Rajapaksa and his government’s ministers from exercising powers until it hears a petition challenging their authority. The court issued its order on Monday after 122 members of Sri Lanka’s parliament, who are allied with ousted prime minister Ranil Wickremesinghe, filed a legal action on ...

Bloomberg Nigerian President Muhammadu Buhari has an unusual new campaign pitch: he isn’t dead. In a Facebook post following a meeting with Nigerians in Poland, Buhari said he’d been asked whether it really was him speaking to the group or a clone, given speculation he’d died last year when he was absent from the country on medical leave. “I can ...

Bloomberg The Democratic Unionist Party (DUP) suggested the European Union will give the UK a better Brexit deal, as members of Parliament prepare to give their verdict on Theresa May’s accord. “Does anyone for a moment think that the EU states don’t desperately want a deal by March?,” Foster said in remarks to Conservative Party members, and e-mailed to Bloomberg. ...

Bloomberg Unilever agreed to acquire GlaxoSmithKline Plc’s Indian consumer business, including malted milk drink Horlicks, for 3.3 billion euros ($3.8 billion) to boost its footprint in one of the world’s fastest-growing major economies. It’s one of the Anglo-Dutch company’s largest acquisitions under departing Chief Executive Officer Paul Polman, who in January is handing over to personal-care head Alan Jope. It’s ...