US reportedly investigating 1MDB ties to acquisition of US energy company

U.S. authorities are probing whether the $2.2 billion purchase of U.S. energy company Coastal Energy was partly financed with funds allegedly funneled from Malaysian wealth fund 1Malaysia Development Bhd., or 1MDB, the Wall Street Journal reported on Monday. The buyer...

Exclusive: GE begins testing drones to inspect refineries, factories – executive

SEATTLE (Reuters) – General Electric Co has begun testing autonomous drones and robotic “crawlers” to inspect refineries, factories, railroads and other industrial equipment with an eye on capturing a bigger slice of the $40 billion companies around...

Markets brace for UK inflation data as ‘hard Brexit’ risks recede – business live

3.18am EDT03:18 Barnier: Hurry up Britain! City traders should also take note that Michel Barnier, the EU’s chief Brexit negotiator, is running out of patience. Barnier has told the Financial Times that Britain risks crashing out of the EU in March 2019 without...

Our leaders have lost touch with reality – just like the banks did | Aditya Chakrabortty

Even as their world came apart, the bankers clung to denial. By August 2007, the flagship hedge fund of Wall Street’s most prestigious firm was tanking fast – and what explanation came from the man at Goldman Sachs? “We were seeing things that were...