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US lawmakers gear up to block Trump plan to slash oil stockpile

24 May 2017

WASHINGTON: A Trump administration plan to sell off half the U.S. emergency crude oil stockpile to help balance the budget faces opposition in Congress, with lawmakers from both parties worried the proposal would undermine the drilling industry and make the country vulnerable to supply shocks.

UrWork takes on WeWork in fight for China’s shared spaces

24 May 2017

BEIJING: WeWork Cos has found global success – and an US$18bil valuation - by turning austere office blocks into hipster havens for startups. But its expansion into China may soon be hampered by a familiar-sounding opponent – UrWork.

Japan anti-conspiracy bill clears lower house despite rights worries

23 May 2017

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe's ruling bloc pushed a bill targeting conspiracies to commit terrorism and other serious crimes through parliament's lower house on Tuesday, despite fears the changes could allow police to trample civil liberties.

Ford names Hackett as CEO to tackle car rivals, Silicon Valley

23 May 2017

Ford Motor Co abruptly named James Hackett as chief executive on May 22, responding to investors' growing unease about the US automaker's slumping stock price and its ability to counter threats from longtime rivals and Silicon Valley.

U.S. starts 'extreme vetting' at Australia's offshore detention centres

23 May 2017

SYDNEY (Reuters) - U.S. Homeland Security officials have begun "extreme vetting" interviews at Australia's offshore detention centres, two sources at the camps told Reuters on Tuesday, as Washington honours a refugee swap that U.S. President Donald Trump had called "a dumb deal".

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