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Amazon, Facebook, Google to face another House inquiry

Bloomberg Big tech firms are about to face yet another congressional headache. House Small Business Committee Chairwoman Nydia Velazquez plans to invite Amazon.com Inc, Alphabet Inc’s Google and Facebook Inc to face questions from her committee on how the companies may be damaging the competitive landscape for small businesses. The hearing, which the committee hopes to hold in late October ...

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UK’s Greggs devises recipes for possible Brexit food shortage

Bloomberg Greggs PLC has defied the decline of the UK’s retail districts with a popular range of cheap pastry products. Now it’s facing a new threat from a possible no-deal Brexit. The largest bakery chain in the UK is preparing to alter its recipes if its supply of perishable ingredients such as lettuce and tomatoes is delayed by a disorderly ...

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Airbnb is planning for direct listing instead of traditional IPO

Bloomberg Airbnb Inc’s long-awaited Wall Street debut is officially earmarked for 2020, but the home-share startup is charting an unconventional path to the public markets. San Francisco-based Airbnb is laying the groundwork for a direct listing rather than an initial public offering, according to people familiar with the matter who asked not to be named discussing private information. Airbnb declined ...

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Online users must consent to cookies: EU

Bloomberg European Union rules require people to actively choose to allow companies to install tracking cookies, judges said in another key ruling on privacy from the EU’s top court. The EU Court of Justice said in a judgment that the placement of cookies requires the active consent of internet users and that “a box checked by default is therefore insufficient.” ...

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Nissan mulls moving UK SUV production overseas on Brexit

Bloomberg Nissan Motor Co will consider moving production of its SUVs outside the UK if the country leaves the European Union without a deal, people familiar with the matter said. Manufacturing of the Qashqai SUV could be moved to Spain, while the compact Juke may move to another overseas plant, said the people, who asked not to be identified as ...

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China’s rise is unstoppable: Xi

Bloomberg President Xi Jinping presided over a grand display of China’s strength in Beijing — declaring that no force could stop the country’s rise — even as concerns grew over the condition of the first protester shot in Hong Kong after almost four months of unrest. Speaking at the start of a massive parade marking 70 years since the founding ...

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Trump demand for whistleblower’s identity roils inquiry

Bloomberg President Donald Trump and his Republican allies are dialing up pressure to unmask the Ukraine whistleblower in a breathtaking departure from how allegations of corruption and waste have been handled by both parties for years. The push to identify the anonymous intelligence official risks deterring future whistle-blowers from coming forward — particularly in the House Democrats’ current impeachment inquiry ...

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US, North Korea to resume stalled nuclear talks this week

Bloomberg The US and North Korea agreed to resume working-level talks within the next week, a move that could break a deadlock in discussions aimed at ending Pyongyang’s nuclear ambitions. “I can confirm that US and DPRK officials plan to meet within the next week,” State Department spokeswoman Morgan Ortagus said. “I do not have further details to share on ...

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Johnson confronts moment of truth for Brexit

Bloomberg British PM Boris Johnson is facing the moment of truth for his Brexit strategy as he prepares to present his blueprint for a deal to the European Union in days. The reception his plan receives in Brussels and among pro-Brexit members of his ruling Conservative Party will determine whether there is any hope of securing an orderly exit for ...

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Brazil’s Lula refuses to swap jail for house arrest

Bloomberg Brazil’s former President Luiz Inacio Lula da Silva has rejected prosecutors’ request that he leave prison for house arrest, setting up a potential clash with judges over his sentence for corruption and money-laundering. “I won’t swap my dignity for my freedom,” Lula said in a hand-written letter posted on his Twitter account. He added that prosecutors should apologise to ...

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