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Bloomberg Workers from South Africa’s biggest labour group joined a one-day strike in cities across the nation’s nine provinces to protest against corruption that it says is thriving under President Jacob Zuma’s administration. The Wednesday shutdown marks a new low in relations between Zuma and the 1.7-million-member Congress of South African Trade Unions, which helped him win control of the ...

Bloomberg President Donald Trump was rebuffed by the same Alabama voters who turned out en masse for him in November when they rejected his choice for the US Senate in favour of an unabashed religious conservative who ran against the Washington establishment. Roy Moore, a former chief justice of the Alabama Supreme Court who was removed from office for his ...

Bloomberg Kenya’s main opposition group began protests in the capital to press its demand for changes to the electoral commission before next month’s presidential election rerun, as it accused the body of working with the ruling Jubilee Party to prepare another fraudulent vote. Police fired teargas to disperse hundreds of National Super Alliance supporters who gathered outside the Independent Electoral ...

Bloomberg Ugandan authorities told broadcasters to stop airing some live coverage as the East African nation nears a parliamentary debate on a constitutional amendment that would let President Yoweri Museveni attempt to extend his three-decade rule. The Uganda Communications Commission directed all broadcasters to refrain from airing “live feeds which are in breach of the minimum broadcasting standards,” according to ...

SINGAPORE / Reuters Saudi Aramco’s trading arm will start trading non-Saudi crude oil to mainly feed its international joint ventures as the world’s largest oil exporter seeks to optimise profits, industry sources familiar with the move said. The expansion into crude comes as Saudi Aramco is working to boost its valuation ahead of the planned listing of up to 5 ...

Bloomberg Oil traded near $52 after entering a bull market as US industry data showed an unexpected decline in crude stockpiles, the first decrease since Hurricane Harvey hit the Texas coast last month and shuttered refineries. Futures fell 0.2 percent in New York after slipping on Tuesday. Inventories fell by 761,000 barrels last week, the American Petroleum Institute was said ...

Bloomberg The offshore drilling market will take a long time to rebalance as more consolidation and rig retirements are needed to cut oversupply, according to DNB ASA, Norway’s biggest bank. While the market has probably reached bottom, the question is how long it will stay there, Kristin Holth, DNB’s head of global ocean industries, said in a phone interview on ...

Bloomberg The age of persistently weak oil prices is nearing its end, with demand booming and a supply squeeze in the offing, according to Trafigura Group. The global market could face a shortage by 2019, Ben Luckock, co-head of Group Market Risk at the third-largest independent oil trader, said at the S&P Global Platts APPEC conference. As much as 9 ...

Bloomberg An ExxonMobil subsidiary this week said it would root out methane leaks and upgrade production technology as part of an effort to manage industrial pollution, the latest move by an energy sector that’s beginning to take matters into its own hands while the Trump administration works to roll back Obama-era climate rules. The quiet announcement contrasts with recent events ...

RIYADH / Emirates Business Otis Saudi Arabia has been selected for the prestigious Riyadh Metro – lines 4, 5 and 6 – by FAST Consortium of companies, which is led by Spanish construction group FCC and includes partners Samsung C&T, Alstom, Strukton, Freyssinet Saudi Arabia; and is contracted by the High Commission for the Development of Arriyadh. Otis, the world’s ...