Bloomberg The European Union is finalising a list of American goods to target with retaliatory tariffs in the event that US President Donald Trump, who is expected to make a decision by May 18, imposes levies on car imports. “We are already preparing a list of possible items that would be on that list,” EU trade chief Cecilia Malmstrom said ...

Bloomberg Vodafone Group Plc’s dividend has cracked under the strain of falling revenue, soaring spectrum costs and a $21 billion acquisition, in a grim reality check for Europe’s struggling phone industry. The region’s biggest telecom carrier slashed its full-year dividend by 40% to 9 euro cents per share, reversing Chief Executive Officer Nick Read’s goal to keep the payout unchanged. ...

Bloomberg Economic growth in the Netherlands came in better than economists forecast in the first quarter, adding to the run of recent good numbers from the euro area. The first-quarter performance saw the region’s fifth largest economy grow 0.5% compared with the previous three months. That was just ahead of the 0.4% median forecast of economists. Expansion in the 19-nation ...

Bloomberg Consumers can press ahead with a lawsuit that accuses Apple Inc. of using its market dominance to artificially inflate prices at its App Store, the US Supreme Court ruled. The 5-4 decision could add to pressure the company faces to cut the 30% commission it charges on app sales. Lawyers pressing the case have said they will seek hundreds ...

Bloomberg Allies of President Rodrigo Duterte are set to dominate the Philippine senate after a midterm election marred by technical glitches including a stalled vote count. Nine of Duterte’s favoured politicians are among leading senatorial candidates, based on ABS-CBN data with 93.6 percent of the votes reporting. The likely winners of the 12 Senate seats include his former aide Bong ...

Bloomberg At least four people were killed and scores of others were injured in a bomb explosion at the Warta-Nabada district headquarters in the Somalia capital, Mogadishu, the Horn of Africa nation’s police said. The car bomb that was set off inside the headquarters also destroyed nearby houses, Abdi Shino, a Somali police officer, said. The al-Shabaab militant group, which ...

Bloomberg Donald Trump says he wants to meet with Vladimir Putin but Russia’s still waiting for an invitation, according to the Kremlin. While the US president announced that he’ll meet the Russian leader at the Group of 20 summit in Japan next month, that’s not Russia’s understanding, said Putin’s spokesman, Dmitry Peskov. “So far, there are no agreements on starting ...

Bloomberg President Donald Trump praised Hungarian Prime Minister Viktor Orban in the Oval Office, disregarding bipartisan objections from Congress that the nationalist leader has taken steps to limit freedoms in his central European nation. “People have a lot of respect for this prime minister,” Trump said. “He’s a respected man. I know he’s a tough man, but he’s a respected ...

Bloomberg Prime Minister Theresa May was expected to meet with her cabinet on Tuesday as she comes under increasing pressure to pull out of Brexit talks with the opposition Labour Party and set a date for her departure. The latest in a series of cross-party meetings aimed at ending the parliamentary deadlock over leaving the European Union (EU) broke up ...

Bloomberg Japanese PM Shinzo Abe said North Korea violated UN resolutions with its missile launches this month, putting pressure on the US to raise the issue with the Security Council. Abe, who has long favoured a harder line against Kim Jong-un’s weapon programme, told a meeting of ruling coalition UN resolutions must be better enforced. That contrasted with US President ...