Bloomberg Vice President Mike Pence said the US “strongly†supports Georgia’s ambition of joining NATO, even as Russia remains hostile to the military alliance expanding its influence in Moscow’s former Soviet backyard. “We see Georgia as a key strategic partner and stand by your territorial integrity and your aspirations to become a member of the North Atlantic Treaty Organization,†Pence ...
Read More »Sharif loyalist chosen interim Pak premier
Bloomberg Pakistani lawmakers chose Shahid Khaqan Abbasi as the interim prime minister to replace deposed leader Nawaz Sharif, settling political uncertainty caused by a Supreme Court decision last week that forced the former premier to resign. Abbasi, 58, who is considered a die-hard Sharif loyalist after serving in his cabinet as the petroleum minister, won 221 votes out of 305 ...
Read More »Xi’s party to punish cadres over ‘illegal sites’
Bloomberg China’s Communist Party is curbing the online activities of its 89 million members ahead of a leadership shake-up in a few months. The new rules made public on Tuesday said that all party cadres face punishment if they visit “illegal websites†or disclose party and state secrets online. Cadres need permission from the party before registering social media accounts ...
Read More »Venezuelan opp leaders detained at gunpoint
Bloomberg Venezuela’s most high-profile opposition figures were seized from their homes by security forces, according to people close to them, in what appeared to be a crackdown on officials challenging the government of President Nicolas Maduro. Opposition leader Leopoldo Lopez was taken from his home at gunpoint, his wife said, just weeks after he had been transferred from military prison ...
Read More »US, UK offer help in Kenya official murder probe
Bloomberg The US and UK embassies in Kenya offered to help investigate the murder of a key electoral official a week before the East African nation holds presidential elections. The body of Chris Msando, a systems development manager at the Independent Electoral & Boundaries Commission who went missing on the night of July 28, was found on Monday at a ...
Read More »US hides in Afghanistan as Trump mulls strategy
Bloomberg US engagement in Afghanistan has deteriorated to a new low, with personnel hunkered down behind blast walls as President Donald Trump struggles to define a vision for the war-torn country almost 16 years after American forces first arrived. While Defense Secretary James Mattis told lawmakers in June that the US is “not winning in Afghanistan right now†— despite ...
Read More »BP breaks even after debt rises to record
Bloomberg BP Plc moved to calm investor concerns after debt rose to a record, saying lower oil-spill payments for the rest of the year and funds from asset sales will ease the burden. “This year debt is going up exactly in line with payments going out for Macondo,†Chief Financial Officer Brian Gilvary said on Tuesday by phone. “And it ...
Read More »Saudi plans for mega Red Sea tourism project
Bloomberg Saudi Arabia plans to turn hundreds of kilometers of untouched Red Sea coastline into a global tourism destination governed by laws “on par with international standards,†as part of its goal to transform the economy and reduce its reliance on oil. The Red Sea project will cover 34,000 square kilometers — an area bigger than Belgium — between the ...
Read More »Oil above $50 as US stockpiles extend drop
Bloomberg Oil held gains above $50 a barrel before US government data forecast to show crude stockpiles extended declines, trimming a glut. Futures rose as much as 0.5 percent in New York after climbing 9.6 percent the previous six sessions. Inventories probably fell by 3.3 million barrels last week for a fifth weekly drop, according to a Bloomberg survey before ...
Read More »Fate of US nuclear future now hinges on Georgia utility
Bloomberg With a multibillion-dollar nuclear project in South Carolina dead, the fate of America’s nuclear renaissance now rests on one utility: Southern Co. Scana Corp dropped plans for two reactors Monday, leaving the two that Southern is building at the Vogtle plant in Georgia as the only ones under construction in the US. And even they are under threat: The ...
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