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Netflix’s Russia rival hires Goldman to study deals

Bloomberg Ivi.ru, Russia’s largest streaming platform, hired Goldman Sachs Group Inc to study options to fund the firm’s growth, according to the firm’s chief executive officer. “These could be private placement, strategic alliances or an IPO,” Oleg Tumanov, Ivi’s founder and CEO, said in an interview in Moscow. “We need funding to produce our own content and keep growing faster ...

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Audi halts electic-car prodcuction

Bloomberg Audi halted output of its E-Tron SUV to resolve production issues including battery-supply bottlenecks as it prepares to flank the model with a sportier variant, underscoring the struggles traditional automakers face to boost electric cars and challenge Tesla Inc. Manufacturing at Audi’s factory in Brussels stopped and the plant will remain idle until Tuesday, a company spokeswoman said. Audi ...

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France warns of UK blackmail as EU prepares for negotiation

Bloomberg France warned British Prime Minister Boris Johnson not to use “blackmail” to secure a trade deal as European Union member states prepare to finalise their negotiating position, allowing talks between the two sides to begin next week. Ministers from the bloc’s 27 national governments will meet on Tuesday in Brussels, where they are expected to sign off on the ...

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Malaysia’s Mahathir resigns amid turmoil in coalition

Bloomberg Malaysian PM Mahathir Mohamad abruptly submitted his resignation to the king on Monday and his party exited the ruling coalition, kicking off a race to form the next government of the Southeast Asian nation. The statement from Mahathir’s office contained no other details. It was unclear whether Mahathir would form a new coalition with other political parties, whether his ...

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Sanders’ Nevada win gives him clear path to nomination

Bloomberg Bernie Sanders’ commanding win in Nevada dismantled the conventional wisdom about his level of appeal. It broadened his coalition to look more like the Democratic Party as a whole and will make it harder for fearful moderates to impede his path to the nomination. The knock on Sanders always has been that his energetic but narrow base — young, ...

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Trump met by Modi’s promised pageantry on arrival in India

Bloomberg US President Donald Trump received a red-carpet welcome in Ahmedabad on Monday, kicking off a two-day visit to India that is likely to be more about spectacle than substance. In a day packed with pageantry for the American president — who’s made no secret of his predilection for large crowds and impressive displays — Trump was greeted on the ...

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Togo president wins 4th term in landslide

Bloomberg Togolese president Faure Gnassingbe easily secured a fourth term in a February 22 vote, extending his family’s half century-long rule of the West African nation. Gnassingbe won 72% of the vote, the president of the Independent National Electoral Commission, Tchambakou Ayassor, said on Monday. Opposition candidate Agbeyome Kodjo, a former prime minister, received 18%. Voter turnout was 76% of ...

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Merkel’s party accelerates leadership race

Bloomberg Chancellor Angela Merkel’s Christian Democratic Union (CDU) will accelerate the process of appointing a new leader as the party struggles to emerge from political turmoil. A special party conference will be held to choose a successor to Annegret Kramp-Karrenbauer on April 25, according to a CDU official. The party chairwoman who shocked Germany’s political establishment this month by abandoning ...

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Who’s afraid of Bernie Sanders in US elections?

The latest Post-ABC News poll, which shows Sen. Bernie Sanders, I-Vt., with a 16-percentage-point lead over his nearest Democratic rival, former vice president Joe Biden, should settle at least one important question. It refutes the notion that most Democrats are focused single-mindedly on defeating President Trump — and that everything else is secondary. It turns out that everything else isn’t ...

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Resumes, a terrible way to hire people

Employers spend billions annually screening and assessing potential new hires, but they aren’t getting much for their money. As many as 95% of employers admit to hiring the wrong people each year. Worse, more than a third of employers report being unaware of the true costs of bad hires, which can reach as high as five times annual salary costs. ...

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