Congress Set to Sell East Coast’s 1 Million Barrel Gas Cache
Congress is poised to sell off a 1 million barrel emergency cache of gasoline created in the aftermath of Hurricane Sandy amid questions about the reserve’s usefulness.
Bloomberg Business
Iran and Saudi Arabia Formally End Diplomatic Rupture
Saudi Arabia and Iran exchanged ambassadors, formally ending a seven-year diplomatic rupture between the two Persian Gulf powers that had roiled the oil-exporting region.
Tom Brady Is Delta’s Newest Strategic Adviser and Brand Advocate
Delta Air Lines Inc. named renowned former quarterback Tom Brady as a strategic adviser to help develop training and “teamwork tools” for employees and to take part in marketing the carrier’s brand.
UK’s Top Nuclear Regulator Set to Be Next Chair of Ofgem
The UK government chose Mark McAllister as its favored candidate to lead energy regulator Ofgem, who will be tasked with restoring public confidence in the watchdog that it can help households navigate the cost of living crisis.
Japan, China Leaders Air Differences Over Fukushima at Asean
Top officials of Japan and China discussed their disagreements over Tokyo’s disposal of treated wastewater from the ruined Fukushima nuclear plant at the Asean leaders’ summit in Jakarta.
US Trade Deficit Widened by Less than Expected in July
The US trade deficit widened in July by less than forecast, reflecting an increase in exports of cars and services.
Thoma Bravo to Buy NextGen Healthcare in $1.8 Billion Deal
Private equity firm Thoma Bravo agreed to acquire health-records software company NextGen Healthcare Inc.
Soaring US Dollar Raises Alarm as China, Japan Escalate FX Pushback
Authorities in China and Japan are stepping up efforts to defend their currencies against a surging dollar that threatens to fan inflationary pressures.
NatWest Names Rick Haythornthwaite to Replace Davies as Chairman
NatWest Group Plc has picked former Mastercard Inc. chairman Rick Haythornthwaite to replace its chair Howard Davies next year.
Fitch Sees More Bonds as Biodiversity Goes Mainstream
Bonds tied to biodiversity goals are on track for a record-setting year and this niche area of ESG investing is only going to get bigger, according to Fitch Group Inc.
