Spain’s Pedro Sanchez loses bid to be confirmed as prime minister, paving way for possible …

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Spain’s parliament rejected Socialist leader Pedro Sanchez’s bid to be confirmed as prime minister on Thursday, putting the euro zone’s fourth-largest economy on the path to what could be its fourth national election in as many years.Sanchez in theory has until mid-September to win parliament’s backing – but the Socialists said this month they would give up trying to install him if he failed to secure confirmation in July.The Socialist party won an election in April but fell short of a majority… ……

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Saudi Arabia to expand pipeline, reduce Gulf oil exports

NEW DELHI – Saudi Arabia aims to raise the capacity of its east-west pipeline by 40% in two years so more of its oil exports can avoid passing through the Strait of Hormuz, the energy minister said on Thursday. Khalid al-Falih also said that importers should, as a first immediate […]