Bloomberg Apple Inc’s China-centric manufacturing base is at risk of disruption after the Lunar New Year holiday as the company’s partners confront the coronavirus outbreak that has gripped the country and caused more than 100 deaths. Virtually all of the world’s iPhones are made in China, primarily by Foxconn’s Hon Hai Precision Industry Co at its so-called iPhone City in ...
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Trudeau’s pipeline project loses support, raising political risk
Bloomberg Canadian prime minister Justin Trudeau is losing support for a plan to expand the Trans Mountain oil pipeline, raising the stakes for his government as the project navigates continued legal challenges. About 37% of Canadians oppose the government-owned project, up from 31% in June, according to a poll published on Tuesday by the Angus Reid Institute. Backing for the ...
Read More »Trump unveils Mideast peace plan with two-state solution
Bloomberg President Donald Trump announced what he called a detailed plan for Middle East peace that provides a “win-win†solution to make Israel and the region safer, skirting complaints that Palestinians have already rejected the proposal and didn’t take part in drafting the plan. Trump said on Tuesday his plan presents a “contiguous†territory for a Palestinian state once conditions ...
Read More »Afghan troops clash with Taliban to reach crash site of US plane
Bloomberg Afghan troops have clashed with Taliban fighters as they tried to reach the crash site of a US military aircraft that went down in eastern Afghanistan. The extremist group claimed it had downed a “special American aircraft†on an intelligence mission, while the US military said there was no indication the plane was hit by hostile fire. The police ...
Read More »Canada vows to revive Cuba talks on Venezuela crisis
Bloomberg Justin Trudeau’s top diplomat said Canada will keep pressing Cuba to help resolve Venezuela’s political crisis. Foreign minister Francois-Philippe Champagne made the pledge alongside Juan Guaido, the Venezuelan opposition leader seeking to oust President Nicolas Maduro. His comments come more than a year after the Canadian government began playing an activist role in the effort to help break Maduro’s ...
Read More »Pentagon to test its hypersonic weapons
Bloomberg The Pentagon plans a “very aggressive†expansion of its hypersonic weapons efforts this year, with at least four initial flight tests of prototypes for glide weapons that can fly five times the speed of sound and maneuver en route, officials said. A new Hypersonics Transition Office that Congress funded this year will also bankroll a university consortium to conduct ...
Read More »â€˜Five million children at risk from Sahel violence’
Bloomberg A surge in militant violence in Mali, Burkina Faso and Niger has left as many as 5 million children needing humanitarian assistance this year as access to education, healthcare and drinking water shrinks, according to the United Nations. Children in the central Sahel region are increasingly under threat, with hundreds of thousands having suffered “traumatic experiences,†the UN Children’s ...
Read More »China to stop individual travel to HK to contain virus spread
Bloomberg Governments, companies and international health organisations rushed to contain a Sars-like coronavirus that has claimed more than 100 lives, with Hong Kong the latest to announce travel restrictions on people moving in and out of the mainland. Hong Kong will close some border checkpoints and restrict flights and train services from the mainland, Chief Executive Carrie Lam said on ...
Read More »Beijing buys Australian and Canadian wheat as US waits for its turn
Bloomberg China has purchased Australian, Canadian and French wheat as Beijing looks to fill import quotas set by the World Trade Organization (WTO), according to people familiar with the matter. In the past two months, China bought about 1 million metric tons of wheat from the three countries, said the people, who asked not to be identified because the transactions ...
Read More »Indonesia plans to rescue scandal-hit insurer
Bloomberg Indonesian authorities are weighing the induction of a strategic investor into a unit of the nation’s oldest insurer that’s on the brink of collapse after alleged fund mismanagement left a $2 billion hole in its books. PT Asuransi Jiwasraya has submitted a restructuring proposal to the Financial Services Authority (FSA) that includes the stake sale in unit PT Jiwasraya ...
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