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Bloomberg US Vice President Mike Pence said the US should retain its dominant role as mediator of the Israeli-Palestinian conf-lict, rebuffing Palestinian appeals to the European Union to take the reins. “The United States has played a historic role in this region to pursue and promote peace, and I think the United States should continue to play a preeminent role,” ...

Bloomberg South Africa’s main opposition party is proving to be its own worst enemy as it bids to topple the ruling African National Congress from power in next year’s elections. Instead of capitalising on voter antagonism towards the ANC and President Jacob Zuma over a succession of scandals, the Democratic Alliance has stumbled, with its mayors’ performance drawing criticism in ...

WASHINGTON / Reuters The US government’s aid chief, Mark Green, made an unannounced visit to Raqqa in Syria, the most senior US civilian official from the Trump administration to visit the war-struck northern city months after it was retaken from IS. Green was accompanied by head of the US Central Command General Joseph Votel as the United States ramps up ...

Bloomberg President Donald Trump dealt his biggest blow to the renewable energy industry yet. Trump approved duties of as much as 30 percent on solar equipment made outside the US, a move that threatens to handicap a $28 billion industry that relies on parts made abroad for 80 percent of its supply. The tariffs are the latest action by Trump ...

BEIJING / Reuters China is pulling in ships from all over to avoid a natural gas supply squeeze ahead of another cold snap and as the world’s most populous nation prepares for Spring Festival celebrations. Fuel demand in January and February typically slows as temperatures improve compared with the busiest month, December, but data suggests this year could buck the ...

Bloomberg The global oil industry’s backlog of big drilling projects is starting to shrink as prices improve. From production vessels tapping Brazil’s deep-water reserves to pipes connecting rigs to underwater wells in China, the number of ventures delayed since the oil crash that finally got approval to get off the ground totaled 18 last year, according to a report by ...

Bloomberg Scraping the bottom of the oil barrel for cheap fuel may be turning into a multi-billion-dollar headache for India’s largest crude refiner. The South Asian nation’s battle against pollution has left Indian Oil Corp. searching for alternative markets to sell petroleum coke, the cheapest and dirtiest among the oil products. A host of new limits on the fuel’s use ...

Bloomberg FirstEnergy Corp. rose the most in almost a decade after announcing a $2.5 billion equity investment by a group including Elliott Management Corp. As part of the deal, the Akron, Ohio-based utility owner is forming a “restructuring working group” that will seek to minimise the time needed to exit the unregulated power business, according to a statement. The company ...

The International Monetary Fund (IMF) recently raised its forecasts for global economic growth in 2018 and 2019 to 3.9 percent, which would be the fastest pace since 2011. That is good for global equities, of course, but it is particularly bullish for crude oil prices and industrial metals prices. It also means that a wave of monetary tightening is coming ...

Critics of Bitcoin often argue that it’s useless as a means of payment, one of the key elements of any successful currency. That’s not quite right, and likely to become less so. First, a reminder on how Bitcoin works. If I want to send someone some Bitcoin, I simply broadcast my intention to the network. I then wait for the ...