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Saturday, August 8, 2020

The next oil major? Service firm Schlumberger’s big bet on production

By Liz Hampton HOUSTON, Sept 8  - The world’s largest oilfield services company, Schlumberger NV, is spending billions of dollars buying stakes in its customers’ oil and gas projects - investing in the same ventures it supplies with equipment and expertise. The new business model gives...

How Standard Chartered Lost $400 Million on Risky Diamond Debt

The bank thought it would be a good idea to expand a unit making loans secured by the jewels. Now it wants out. By Franz Wild, Thomas Biesheuvel, and Stephen Morris Standard Chartered Plc’s plunge into the risky business of diamond lending began eight...

A hard landing for the Gulf’s high flyers

Three airlines face disruption to their role as ‘superconnectors’ as the state-owned groups fight to justify a business model built around hubs in a volatile region by: Tanya Powley and Simeon Kerr They have been the great aviation disrupters of the 21st century. Over the past...

Interview: Kagame insists ‘Rwandans understand the greater goal’

To some, the president ended the country’s genocide and launched an economic revolution — to others, he is suppressing dissent by: David Pilling and Lionel Barber in Kigali Paul Kagame, Rwanda’s soldier-president, runs what is arguably Africa’s most orderly and disciplined society. Flowerbeds are immaculate, villagers...

The meaning of Rupert Murdoch

He changed Britain, but how much did Britain change him? The story of the Australian mogul is more complex than the popular myth suggests by: Robert Shrimsley “What graces the pages of our newspapers . . . is about our national narrative, the stories we tell...

A hard sell for the ad men

by: Shannon Bond and Anna Nicolaou in New York and Scheherazade Daneshkhu in London Consumer goods groups are cutting costs amid slowing growth – the advertising industry is first to feel the pinch A surprising thing happened when Procter & Gamble, the consumer goods giant behind...

China prepares for an era of asymmetric warfare

by: Emily Feng and Charles Clover Beijing split over pursuit of low-cost hybrid systems such as drone swarms to add to its conventional arsenal With their tiny propellers buzzing, the fleet of Chinese aircraft, little larger than model planes, are flung into the air one at...

The push for faster aid to developing countries

Western governments believe insurance will help deliver relief more effectively. But some fear the policies do not cover the real risks   &nbsp: Oliver Ralph and John Aglionby In late September and early October last year Hurricane Matthew smashed through the Caribbean. Winds of up to 145...

Netflix’s rivals take aim at its stream of success

The online entertainment service has rapidly become a dominant maker of films and TV shows, but established players are hitting back The trailer for Will Smith’s latest movie looks like a blockbuster-in-waiting for the Hollywood star. Set in a Los Angeles of the future where...

StanChart Should Pay and Play By Nisha Gopalan

STANDARD CHARTERED PLC -51.20 At Closing, Aug 2nd 795.00 GBp HSBC HOLDINGS PLC -0.20 At Closing, Aug 2nd 764.60 GBp The Bill Winters turnaround at Standard Chartered Plc is now officially a success, with the bank returning to a first-half net profit after last year's loss. With no dividend, however, it's time to take a...
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