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Bloomberg The UK is becoming more dependent than ever on the European Union to look after its natural gas, even as it negotiates its exit from the bloc. Britain is expected to ship a record volume of natural gas from the UK to Belgium through an interconnecting pipeline on Wednesday, capping a year of buoyant flows to the mainland. The ...

Bloomberg China has promised to make its skies blue again, but having some of the world’s most-expensive natural gas isn’t helping. The biggest energy consumer on earth wants to use more of the cleaner-burning fuel in place of the coal that’s choking its skies and causing pollution far exceeding the World Health Organization’s daily recommended limit. China has the ability ...

Bloomberg After Snapdeal’s board rejected a takeover offer from Flipkart Online Services Pvt., the two sides find themselves about $100 million apart as negotiations continue, people familiar with the matter said. Flipkart, India’s largest e-commerce operator, is unlikely to raise its offer above $900 million while Snapdeal is seeking a price of $1 billion, the people said, asking not to ...

Bloomberg Baidu Inc. has enlisted more than 50 partners for its Apollo driverless project, signing up major players in areas from mapping and ride-sharing to automaking to aid the Chinese search giant’s foray into AI-powered vehicles. The program aims to open up part of Baidu’s autonomous car software in the same way that Google released its Android operating system for ...

Bloomberg Renault SA has agreed to buy almost half of Brilliance China Automotive Holdings Ltd.’s unprofitable minibus unit, giving the French carmaker’s light-commercial vehicles a foothold in the world’s largest auto market. The companies agreed to invest a combined 1.5 billion yuan ($221 million) in Shenyang Brilliance Jinbei Automobile Co. in proportion to their stakes, Brilliance said in a statement ...

Bloomberg China’s army of commodities investors has racked up an unprecedented volume of bets on steel futures, raising the prospect of a sharp retreat if market conditions weaken. Open interest on the Shanghai Futures Exchange’s steel reinforcement bar contract surged to a record 2.82 million lots, according to bourse data, with each lot representing 10 metric tons of metal. That’s ...

Bloomberg Xiaomi Corp. has acquired a swathe of patents from Nokia Oyj, making its latest acquisition of technology to drive a global expansion. The Chinese smartphone maker is getting its hands on a trove of intellectual property from the Finnish company that once led the world in phone sales before Apple Inc. ushered in the smartphone era. The deal expands ...

Bloomberg BT Group Plc was accused of dragging its feet for years as competitors using its network demanded the former UK phone monopoly run more fiber-optic lines to homes and businesses. Now BT’s wholesale division has seen the benefits of installing the faster connections, and is trying to coax its rivals into helping out. Under a regulatory compromise reached in ...

Bloomberg Britain’s dominant services sector expanded the least in four months in June, adding to evidence that the economy is weakening as Brexit negotiations start in earnest. IHS Markit’s Purchasing Managers Index fell to 53.4 from 53.8 in May, IHS Markit said in London on Wednesday. Economists in a Bloomberg News survey had predicted a reading of 53.5, above the ...

Bloomberg Ericsson AB Chairman Leif Johansson agreed to step down next year after seven years in the job, completing an overhaul of top management at the embattled Swedish network company. The time is right for Johansson to leave since Chief Executive Officer Borje Ekholm took over in January, the chairman said in a statement on Wednesday. Activist investor Cevian Capital ...