Bloomberg Amazon.com Inc’s bid to buy into one of the UK’s most successful startups may get caught up in antitrust authorities’ fear that they made mistakes in the past. The Competition and Markets Authority (CMA) has until Wednesday to decide whether to continue a two-month-old probe that froze Amazon’s bid of around $500 million for a minority stake in food-delivery ...
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Berlin builders hit streets over rent freeze
Bloomberg Berlin’s effort to protect tenants from steep rent increases has antagonised other participants in the property industry. Three convoys of construction lorries, along with landlord representatives, converged on Berlin’s Brandenburg Gate to protest against a plan to freeze rents in the city for five years. Around 1,500 people registered to take part in the event involving an estimated 240 ...
Read More »Sanofi to buy US biotech firm Synthorx for $2.5bn
Bloomberg French pharma giant Sanofi agreed to buy US biotech company Synthorx Inc for $2.5 billion, almost triple its market value, accelerating a push into cancer under new Chief Executive Officer Paul Hudson. Sanofi will pay $68 a share in cash for Synthorx, the companies said. Shares of the unprofitable San Diego-based company closed at $25.03, having surged 40%. The ...
Read More »EU fuels Indonesia trade tensions with 5-year biodiesel tariffs
Bloomberg The European Union imposed five-year tariffs on biodiesel from Indonesia to counter alleged subsidies to producers in the country, a move that could prompt the Indonesian government to retaliate. The EU duties on Indonesian exporters of this type of biofuel, which is made from vegetable oils and animal fats for use in diesel engines, range from 8% to 18%, ...
Read More »Modi’s new India citizenship law sparks panic, protests
Bloomberg India’s parliament is set to approve legislation preventing Muslim migrants from neighboring countries from receiving citizenship — the next step in Prime Minister Narendra Modi’s hardline Hindu nationalist program and one that’s seen to go against the nation’s secular constitution. The controversial citizenship bill has sparked protests and fear around India, with lawyers working overtime to help millions at ...
Read More »New Zealand volcano eruption kills at least 5, dozens feared missing
Bloomberg Five people have been confirmed dead following a volcanic eruption on New Zealand’s White Island, while dozens more were injured after a plume of white smoke and ash burst thousands of meters into the air. About 50 people, many of them tourists, were on or around White Island when it erupted, police said. The island is about 48 kilometers ...
Read More »Haftar to enter Tripoli by year-end, says ally
Bloomberg Libyan commander Khalifa Haftar’s army plans to enter the capital Tripoli by the end of the year and will deal with United Nations-recognized Prime Minister Fayez al-Sarraj under the law, a senior ally said, despite international calls to stop the offensive. “We are in the final stage of the battle,†Abdulhadi Lahweej, self-styled foreign minister in the eastern government ...
Read More »N Korea calls Trump ‘erratic’ old man
Bloomberg North Korea took its most personal swipe at President Donald Trump in more than two years, saying the US leader’s recent comments made him sound like a “heedless and erratic old man.†The statement released by North Korean official Kim Yong Chol on Monday was the latest in an rhetorical tit-for-tat ahead of Pyongyang’s self-imposed year-end deadline for a ...
Read More »Putin meeting is real test for Ukraine leader
Bloomberg Despite finding himself in the eye of Donald Trump’s impeachment storm, Ukraine’s leader is set for an even tougher test of his fledgling presidency: his first face time with Vladimir Putin. Volodymyr Zelenskiy meets his Russian counterpart in Paris as he seeks progress towards resolving the war in eastern Ukraine that erupted after Russia annexed Crimea from its neighbor ...
Read More »Impeachment case against Trump goes to closing arguments
Bloomberg House investigators give their closing summations on Monday in the Democrats’ case against President Donald Trump as they continue debating how far they want to go in drafting articles of impeachment later this week. Judiciary Chairman Jerrold Nadler said his panel is on track to decide on what charges will be brought against the president, setting up an historic ...
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