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Bloomberg Philippine President Rodrigo Duterte dismissed allegations he’s hiding hundreds of millions of pesos in his bank accounts, calling them “lies” and vowing to snub a probe into his wealth initiated by the country’s top anti-graft agency. In a profanity-laced speech before lawyers in his hometown of Davao City, Duterte said his lifetime savings don’t exceed $786,0000. The savings come ...

Bloomberg UK Prime Minister Theresa May is battling to assert her authority over a divided Conservative Party as she faces calls to quit as its leader before the next general election. While May insists she will fight on, a former party chairman said she could not be allowed to stay until the next election in 2022, amid reports that Foreign ...

Bloomberg Europe’s disaster-relief chief leans back in a chair in his Brussels office and fires off a warning: President Donald Trump’s plan to slash US international aid could undermine global geopolitical stability—and threaten America’s interests. The admonition by Christos Stylianides, the European Union commissioner for crisis management, highlights the extent to which Europe is grappling with Trump’s “America First” policy. ...

Bloomberg Two women were killed at Marseille’s Saint Charles train station by a man wielding a knife and crying “Allah Akabar.” The man was shot dead by soldiers. Prosecutors opened a terrorism investigation into the attack, which happened just outside the southern French city’s train station at about 1.45 pm on Sunday. One woman’s throat was cut, and the other ...

Meed Saudi Arabia’s lifting of the ban on women driving could lead to an increase in its demand for gasoline, according to energy consultants First Global Energy (FGE). Saudi Arabia is the biggest consumer of gasoline in the region and is the world’s nine largest gasoline market. Current demand is around 580,000 barrels a day (b/d) – a figure that ...

Emirates Business Intertek, a leading Total Quality Assurance provider to industries worldwide, certified Saudi Aramco Total Refining and Petrochemical Company (SATORP), an oil and petrochemical joint venture refinery between Saudi Aramco and TOTAL, as being compliant with the standard requirements of ISO 14001:2015 Environmental Management Systems Certification. This globally-recognised standard was developed by the International Organisation for Standardisation (ISO) and ...

Bloomberg India needs to double its refining capacity by 2040 to meet rising fuel demand as an expanding middle class buys more passenger vehicles and its economy grows, a top refinery official said. India’s refining capacity must increase to 465 million tonnes by 2040, from about 230 million tonnes currently, and investments are already being made, said Shrikant Madhav Vaidya, ...

MELBOURNE / Reuters The Australian government warned that the country’s east faced a worse-than-expected natural gas shortfall in 2018, but the competition watchdog said the gap could easily be filled by diverting uncontracted exports to the local market. It is now up to the government to decide by November 1 whether to pull the trigger on its Australian Domestic Gas ...

Bloomberg The torrent of dirty water coming out of almost every American oil well is the next big bet for a former fund manager for billionaire Paul Allen. Getting rid of wastewater from onshore wells has become an increasingly costly problem for oil producers as US crude output surged in recent years, especially in the new shale fields from Texas ...

Bloomberg The rush to upgrade smartphones may be ebbing, prompting economists to dial back the outlook for Asian exporters. Early indications, including signs of disappointing orders, point to a mixed reaction to the latest iPhones, hurting the share prices of Apple Inc.’s Asia-based suppliers. Given that smartphone improvements help power demand for electronics components from supply-chain powerhouses such as South ...