Bloomberg Senegal’s government confirmed the country’s first coronavirus case, the second in sub-Saharan Africa. The patient is a French national who arrived in Dakar, the capital, on February 26, Health Minister Abdoulaye Diouf Sarr told reporters at a briefing broadcast on Facebook. The man sought help two days later after suffering from fever, headache and a sore throat, and is ...
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US orders China media outlets to cut staff
Bloomberg The Trump administration ordered four Chinese state-owned news outlets to slash the number of staff they have working in the US, part of a broader response to Beijing’s restrictions on American journalists including its expulsion of three Wall Street Journal reporters last month. The move risks further tit-for-tat measures from Beijing as the world’s biggest economies continue a broader ...
Read More »â€˜Hillary Clinton must sit for private-server deposition’
Bloomberg Former US Secretary of State Hillary Clinton must submit to a deposition by Judicial Watch, a conservative group that sued over her use of a private email server, a federal judge ruled. Though Clinton has submitted extensive evidence about her use of the server while in office, US District Judge Royce Lamberth said in Washington that questions remain about ...
Read More »Bloomberg says he agrees with Trump on China, Kim
Bloomberg Michael Bloomberg said that he agrees with President Donald Trump pressuring China on trade and talking to North Korea and that “a lot of criticisms of Donald Trump are not his policies, it’s the way he’s doing it.†Bloomberg said he agreed with Trump cracking down on China’s theft of intellectual property and other unfair trade practices, but he ...
Read More »Coronavirus: Europe’s rescue plan isn’t enough
The economic damage from the coronavirus epidemic has prompted calls for Europe to relax its fiscal rules to allow governments to cut taxes and increase spending. The European Commission seems to agree: Paolo Gentiloni, its economy tsar, has hinted that affected governments — such as Italy — may enjoy some budget “flexibility†to deal with the emergency. Granting more leeway ...
Read More »Gold’s slump may signal end of rally
In times of coronavirus panic, even havens can be unreliable. Gold closed off February on a tarnished note, ending last week with its steepest daily decline since 2013. As financial markets panicked over the spread of the pneumonia-like illness, stocks tumbled and dragged gold and other precious metals lower. That’s a rare phenomenon for a metal that tends to shine ...
Read More »Reckitt Benckiser is crying over $6.5bn of spilled milk
When Laxman Narasimhan cut the full-year outlook for Reckitt Benckiser Group Plc in October, the company’s new chief executive officer threw in everything but the kitchen sink. Last week, he said the operating margin would be much lower in the future and announcing a 5 billion-pound ($6.5 billion) writedown to the value of the Mead Johnson baby-formula business, which Reckitt ...
Read More »Trump must do more to stem fallout from virus
Both the Federal Reserve and the White House are considering emergency measures to combat the economic fallout from the coronavirus. These are the right responses, but they don’t go far enough. To be clear, the coronavirus is first and foremost a public-health threat. The full resources of the federal government should be marshalled against it. At the same time, the ...
Read More »Don’t blame capitalism for shrinking airline legroom
A viral video of a man punching the back of a women’s reclined airline seat got Delta Air Lines Chief Executive Officer Ed Bastian’s attention. But he made things worse, when he asked flyers to be polite and check with the passengers behind them before hitting the recline button. This angered many people who have watched seats shrink over the ...
Read More »Heathrow is more than big enough
There hasn’t been a full-length runway built in southeast England, where London’s Heathrow airport is located, since World War Two. With a climate crisis raging, now is a bad moment to try. Europe’s largest airport hub makes do with two landing strips (Amsterdam’s Schiphol has six), and with 80 million passengers using them every year, they can’t handle any more. ...
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