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Bloomberg South Africa’s deputy energy minister expects the latest round of climate talks will make global markets cleaner starting next year and defended her nation’s coal use as a way to reduce poverty. “With the Germans, they can say ‘We’re moving from driving a Corolla to a BMW,’ while we are still trying to get the bicycle,” said Thembisile Majola, ...

Bloomberg TransCanada Corp’s $8 billion Keystone XL pipeline may face another eight months of delay after a court ruling raised issues with a four-year-old environmental review. A Montana federal judge found that the 2014 environmental assessment by the Obama administration fell short. President Donald Trump used that review in a March 2017 decision allowing the project to proceed. Now, the ...

Bloomberg The well-heeled, buttoned-down world of international oil now has competition from cowboy boots and jeans. EOG Resources’ $1.1 billion in Q3 adjusted net income vaulted biggest US shale driller into same league as Italian giant Eni, ConocoPhillips and Occidental Petroleum and ahead of Spain’s Repsol. But there’s one difference: EOG is growing production at more than 20 percent a ...

Bloomberg For US President Donald Trump, attending a French-run ceremony to commemorate World War I, a bloodletting that highlighted the value of allies and dangers of nationalism, was never going to be easy. By the time he flew home on Sunday he appeared isolated and, by some, scorned. Trump arrived fresh off midterm elections where his party lost control of ...

Bloomberg Two months after Sweden’s inconclusive election the country still has no government and the center-right Alliance coalition risks splitting up amid deep disagreements over whether to accept support from nationalists. Sweden is facing what could be the most tumultuous week yet after the September 9 vote, which saw the anti-immigration Sweden Democrats emerge as king-makers with none of the ...

Bloomberg Pressure is building on UK PM Theresa May to ditch her Brexit plan or face a catastrophic defeat in Parliament. Britain and the European Union have been edging towards an agreement after 16 months of talks, with the aim of getting a deal wrapped up at a summit in November. But as domestic opposition builds, momentum seems to be ...

Bloomberg Sri Lanka’s ousted prime minister Ranil Wickremesinghe is mounting a legal challenge against President Maithripala Sirisena’s decision to dissolve the island nation’s parliament and call a snap general election. On Monday, the deposed prime minister’s United National Party and the opposition Tamil National Alliance filed formal petitions with the Supreme Court challenging the dissolution of parliament, according to party ...

Bloomberg Europe’s fault lines were on full display at the weekend as France and Germany made a show of unity at a World War I commemoration in Paris and Poland’s leaders marched through Warsaw with far-right groups. Police estimated more than 200,000 people converged on the Polish capital on Sunday to mark the centenary of the country’s hard-fought independence in ...

What would the ghosts of 1918 — not just the soldiers who were slaughtered in the trenches of World War I, but the statesmen who failed to make a durable peace afterward — tell politicians a century later about the perilous world we inhabit today? Ruminations about past and present are inescapable this week. America just finished a snarling, bitterly ...

The $3.2 billion acquisition of Finisar Corp. by II-VI Inc. (pronounced “two-six”) is really about one thing: how much it costs Apple Inc. to build iPhones with Face ID. After the first whispers emerged in 2016 that Apple was considering facial recognition technology for the iPhone, the stocks of 3-D sensor makers surged inside a few months. The story over ...