Berlin Airport union attacks Ryanair for ‘strikebreaking’ tactic

  Bloomberg Striking Berlin airport workers may cease giving notice of walkouts after Ryanair Holdings Plc began using its own ground staff to help maintain services from the German capital. The tactic of bringing in foreign ‘strikebreakers’ poses a security threat because the Ryanair employees are being granted so-called air-side access without sufficient checks, the Ver.di union said on Tuesday. ...

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Hidden beneath paint!

  CATSKILL, NY / AP Not only did Thomas Cole paint the lush mountain landscapes that inspired the Hudson River School art movement of the 19th century, he also painted on the walls of his home. Lost beneath layers of paint for more than a century, the patterned borders below the ceilings were rediscovered several years ago and are now ...

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Engie eyes bid for $19.8bn German green utility Innogy

  Bloomberg Engie SA is considering an offer for German renewable-energy utility Innogy SE as its majority owner RWE AG weighs strategic options, people familiar with the matter said. The former French natural-gas monopoly is speaking to advisers and hasn’t made a final decision about whether to proceed, the people said, asking not to be identified because the deliberations are ...

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Malaysia Petchem JV search continues after Saudis join hub

  Bloomberg Petronas Chemicals Bhd., a unit of Malaysia’s state energy company, said it’s in talks with petrochemical firms from Asia and Europe to invest in a $27 billion oil refining and petrochemical project, sustaining hope the country can find a partner after at least three previous deals fell through. Companies from Japan, South Korea, China, Taiwan and Italy have ...

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Oil drops after Saudi raises production

  Bloomberg Oil declined after Saudi Arabia told OPEC it raised production back above 10 million barrels a day in February, reversing about a third of the cuts it made the previous month. Futures tumbled 1.5 percent in New York, reversing earlier gains. The kingdom, which had curbed supplies more than it needed in January as part of a deal ...

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Glencore enters Mexican fuel-stations business

  Bloomberg Glencore Plc is entering the fuel-stations business in Mexico with a 15-year supply deal and a $200 million investment in a joint-venture with local owners, according to people familiar with the decision. The agreement is the first significant move for Glencore in the retail fuel sector. It comes as commodities traders including Vitol Group BV and Trafigura Group ...

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Trump tax cut may save oil drillers $10 billion, boost drilling

  Bloomberg The Trump administration’s plan to slash corporate tax rates could free up more than $10 billion a year for US oil explorers, opening new opportunities to boost drilling at a time of uncertainty in marketplace. Crude prices in New York have fallen 10 percent since the end of 2016 as added drilling in America’s shale fields offset an ...

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Toshiba mulls sale of majority stake in Westinghouse unit

  Bloomberg Toshiba Corp.’s troubles deepened yet again as the Japanese company missed a second deadline to report earnings and said it may sell a majority stake in its Westinghouse nuclear business. The Tokyo-based conglomerate is reevaluating Westinghouse’s position within the group and it may deconsolidate the nuclear unit by selling a controlling equity stake. Toshiba made the announcement as ...

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China’s economy holds momentum as output, investment accelerate

  Bloomberg China’s economy started the year on a firm footing as its old growth engines gathered pace, with home sales remaining resilient and steel and aluminum rebounding as prices rallied. Industrial production climbed 6.3 percent from year earlier in January and February combined, versus median estimate of 6.2 percent in Bloomberg economist survey. Retail sales advanced 9.5 percent in ...

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Mitsubishi Heavy considers spinning off shipbuilding operations

  Bloomberg Mitsubishi Heavy Industries Ltd. is considering spinning off its shipbuilding business and planning local partnerships as weak demand for vessels prompts companies in the industry to reorganize their operations. A decision on a new structure for the shipbuilding operation may be announced in July, Eiji Matsubara, a spokesman for Mitsubishi Heavy, said by telephone from Tokyo Tuesday. Nikkei ...

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