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Bloomberg Congress isn’t expected to pass legislation ordering new US sanctions on Russia before the end of the year, as lawmakers focus instead on government spending measures, judicial nominations and a farm bill, key senators said. A bipartisan group of senators moved swiftly over the summer to assemble new proposals for Russia sanctions following President Donald Trump’s summit with Russian ...

Bloomberg Vice President Mike Pence told Myanmar’s Aung San Suu Kyi that the US had concerns about human rights abuses in the Southeast Asian nation, saying there was no excuse for the violent crackdown on its minority Rohingya Muslim population. “This is a tragedy that has touched the hearts of millions of Americans,” Pence told Suu Kyi in a tense ...

Bloomberg The United Nations lifted almost decade-old sanctions on Eritrea, potentially boosting the once-isolated Red Sea nation’s economy as it rebuilds relations with long-time foe Ethiopia. The UN Security Council’s move ends restrictions first imposed in 2009 on accusations Eritrea backed armed groups including al-Shabaab in Somalia. Eritrea has long decried the claims as baseless and politically motivated, while UN ...

Bloomberg Malaysian prosecutors will bring more charges against the wife of ex-Prime Minister Najib Razak on Thursday, the anti-graft agency said, stepping up legal action against a growing group of individuals surrounding Najib. Rosmah Mansor was called in by the Malaysian Anti-Corruption Commission on Wednesday. She will appear in court the following day to face charges in several cases linked ...

Bloomberg France’s Emmanuel Macron is heading to sea on his biggest warship a day after he suffered a tirade of abuse from Donald Trump. The trip, planned for weeks, will show France’s alliance with the US goes beyond any temporary disagreement between the presidents. France’s sole aircraft carrier, the Charles-de-Gaulle, the world’s most powerful vessel outside the US navy, was ...

Bloomberg Opec and allied oil producers will cut or adjust production as needed to balance the market, the group’s president, United Arab Emirates Energy Minister Suhail Al Mazrouei, said on Wednesday. If Opec+ needs to reduce output, it will do so, he said in a Bloomberg TV interview in Abu Dhabi. The producers will take whatever steps are necessary to ...

Bloomberg The International Energy Agency (IEA) welcomed the oil market’s return to surplus as Opec’s production surge sw-ells global stockpiles and drives prices into a bear market. Inventories in industrialised nations have increased for four straight months and are set to jump by 2 million barrels a day next half if current output is maintained, the IEA said in its ...

Bloomberg AES Corp, a long-time builder of coal-fired power plants around the world, published a report that projects how climate change could affect its business. The bottom line, the company says, is that its move away from carbon fuels means its business model holds up whether the world warms a lot or a little. The report, which AES says is ...

Bloomberg SSE Plc is to split off its green generation into a separate business known as SSE Renewables under the UK utility’s increased focus on low-carbon generation. The new company will have 4 gigawatts of capacity by March including onshore and offshore wind, flexible hydro, run-of-river hydro and pumped storage. That compares with 7.3 gigawatts of conventional assets. We’re starting ...

Bloomberg Hon Hai Precision Industry Co.’s disappointing earnings will fan fears that Apple Inc.’s legion of global hardware suppliers are in for hard times. The main assembler of iPhones reported net income of NT$24.9 billion ($806 million) in the September quarter, about 12 percent below the average analysts’ estimate. Hon Hai joins a string of Apple suppliers that have warned ...