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Bloomberg North Korean cyber-spy group “Reaper” is emerging as a global threat, conducting espionage well beyond the Korean peninsula in support of Pyongyang’s military and economic interests, FireEye Inc. said. The group, known also as APT37, in 2017 began attacking targets in Japan, Vietnam and the Middle East after having focussed on its southern neighbour for years, FireEye said in ...

Bloomberg Peru’s President Pedro Pablo Kuczynski rejected calls from opposition lawmakers for his resignation and said allegations he lied to Congress are groundless. Kuczynski said his decision to pardon former President Alberto Fujimori is the real reason why leftist lawmakers are seeking a new motion to impeach him. “I won’t resign,” he told business leaders at an event in Lima. ...

Bloomberg The US effort to put Iran in a financial vice was working. European banks were paying big fines and closing off its money flows, and severe sanctions on the country’s banking and energy sectors were forcing it to the table on a nuclear deal. But as US enforcement officials would soon discover, Iran had found a new channel for ...

Bloomberg The natural gas industry may be one of its own worst enemies. Most energy executives underestimate how much they can cut emissions as they extract and transport natural gas, according to a survey by the Energy Institute. Producers can reduce greenhouse gas flows by 75 percent simply by improving practices in the supply chain of the fuel, which consists ...

MANILA / Reuters Australia-listed Energy World Corp expects to start up a gas-fired power plant in the Philippines by end-2018, its chief executive said, fed by the country’s first liquefied natural gas (LNG) imports. The Philippines does not currently import LNG, but its domestic natural gas reserves are depleting, and the country has been developing plans for import terminals for ...

TUNIS / Reuters Libya’s National Oil Corporation (NOC) is suffering ongoing delays in receiving budget money from the government and this could reduce production, the head of the state company said. Mustafa Sanalla made the comments after meeting the head of Al Jouf Oil Technology Company, who said the NOC subsidiary was suffering from financial problems that had delayed projects ...

Bloomberg Uber Technologies Inc. isn’t ready to give up the world. Dara Khosrowshahi, in his first trip to Asia since becoming chief executive officer, made it clear that the ride-hailing company isn’t about to scale back its business to just countries where it already has a strong market position. During his first stop in Japan, he said he’s willing to ...

Bloomberg ArcelorMittal and Russia’s state-controlled VTB Group have hit a fresh snag in their pursuit of Essar Steel India Ltd., an insolvent producer that could fetch at least $6 billion. Advisers evaluating the offers for Essar Steel are recommending that all the bids be disqualified, according to people with knowledge of the matter. A committee of Essar Steel lenders will ...

Bloomberg Toyota Motor Corp. is readying electric motors that include as much as 50 percent less in rare earths amid concern of a supply crunch as automakers race to expand their electric-vehicle lineups. Asia’s biggest carmaker has developed a magnet for the motors that as much as halves the use of a rare earth called neodymium and eliminates the use ...

Bloomberg India’s software services industry expects growth of as much as 9 percent in fiscal 2019 as Tata Consultancy Services Ltd. and its peers strengthen automation and adapt to the rapid onset of digital technologies. Sales will rise 7 to 9 percent in constant currency terms in the fiscal year ending in March 2019, the National Association of Software and ...