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  Bloomberg The European Union will propose extending an exemption on foreign flights from its carbon market until 2020 after nations worldwide reached a historic deal last year to introduce a global system to curb the growth of emissions from airlines. The European Commission, the EU’s regulatory arm, will probably present a draft law on Feb. 3 sparing carriers, ranging ...

  Bloomberg Thailand is due to roll out a national digital-payment system that levies much smaller transaction fees than the nation’s banks. Yet lenders expect the network to help rather than hinder them financially. Commercial banks could save some 77 billion baht ($2.18 billion) in the next 10 years as the so-called PromptPay service curbs the use of cash, according ...

  Bloomberg Wells Fargo & Co., the lender struggling to recover from a scandal involving bogus customer accounts, is eliminating its practice of giving retail bankers a day’s notice before internal inspectors visit a branch. The bank’s “branch control review process has evolved over the years to consist of electronic, centralized documents that are reviewed outside and in advance of ...

  Bloomberg Bank of Montreal (BMO) expects to capture a bigger share of US dealmaking in 2017 by winning more mandates for advising on takeovers and managing stock sales, building off its most successful year in US capital markets. “In a challenging year in ’16 we managed to take market share,” Peter Myers, 57, head of US investment and corporate ...

  Bloomberg Banco Santander SA Chairman Ana Botin said she expects growth in all of the lenders’ markets in 2017 after Spain’s largest bank reported fourth-quarter profit that beat estimates. The shares jumped. Net income rose to 1.6 billion euros ($1.72 billion) compared with 25 million euros a year earlier when profit was hit by charges, including provisions for the ...

  Bloomberg Intesa Sanpaolo SpA said it’s considering a merger with Assicurazioni Generali SpA, a deal that would reshape Italy’s financial industry by combining its second-biggest bank with the largest insurer. “Possible industrial combinations with Assicurazioni Generali are currently being examined by the bank’s management,” Intesa said in a statement. “The bank is interested in industrial growth in the areas ...

  Duisburg / DPA Outside it may be grey and dusty, but in Wolfgang Mueller’s studio, the paintings of Vincent van Gogh (1853-1890) glow bright. That’s because they are all fresh. In the former upholsterer’s workshop in the German city of Duisburg, Mueller sits at a white grand piano and plays his own romantic compositions in an ode to his ...

  Wuppertal /DPA If you love riding trains, you’ve got to ride this one before you die: It’s the world’s only mass-transit rail system which has its wheels on the roof and a yawning gulf under the floor. Is it an aerial cableway or a rollercoaster? Neither. It’s a stately suspended monorail that carries 24 million passengers a year through ...

  Bloomberg “My God, this is going to be refreshing,” Kelcy Warren, the Texas billionaire behind the controversial Dakota Access pipeline, said days after Donald Trump swept to victory. As the industry digests the newly elected president’s push to get two stalled pipeline projects moving again — with some caveats — oil and natural gas producers are preparing for even ...

  Bloomberg Toshiba Corp., already reeling from a crisis at its nuclear business that sent its market value down by almost half, is seeking help from one of the world’s biggest buyers of LNG to avoid billions of dollars in potential losses if it can’t sell American gas. Toshiba is working with Japan’s Jera Co. to help it find buyers ...