Bloomberg Tesla Inc. released its first-ever environmental impact report, joining the 80 percent of S&P 500 companies who produce glossy-looking and sunny testaments to their own corporate sustainability record. There are pictures of smiling employees, solar panels in green fields, and data on the electric automaker’s performance on some environment and social metrics. The company put a total on its ...
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Bomb attacks on Sri Lanka churches, hotels kill 207
Bloomberg Multiple explosions rocked Sri Lanka on Easter Sunday as attacks on churches and hotels left at least 207 dead including as many as 30 foreigners in the worst violence since a civil war ended a decade ago. The government imposed an island-wide curfew as security forces try to maintain law and order and investigate the attacks. Those responsible for ...
Read More »Nothing wrong with accepting help from Russians, says Giuliani
Bloomberg Rudolph Giuliani, President Donald Trump’s lawyer and a former federal prosecutor, said there’s nothing wrong with a US presidential candidate taking information from Russian sources. “It depends on where it came from,†Giuliani told moderator Jake Tapper on CNN’s “State of the Union.†While in hindsight he’d advise against accepting Russia’s aid “out of an excess of caution,†Giuliani ...
Read More »Libyan airport reopens after airstrikes on Tripoli
Bloomberg Tripoli’s Mitiga International Airport has reopened to flights after being shut down for several hours. Flights were suspended because of airstrikes aimed at forces loyal to the internationally recognised government, which is based in Tripoli in northwest Libya. The airport closed earlier this month following an air strike, the first in an offensive by warlord Khalifa Haftar to take ...
Read More »Spain faces hung parliament: polls
Bloomberg Spanish newspaper opinion polls signalled a potential deadlock from elections to be held on April 28, with neither alliances from the left nor right wings of the political scene certain to be able to build a parliamentary majority. A survey published by El Pais newspaper showed the Socialists of Prime Minister Pedro Sanchez on course to win 129 seats ...
Read More »Indonesia’s election result still weeks away
Bloomberg For a country that set a record in holding the world’s largest single-day election, the verdict on who emerged victorious from Indonesia’s mammoth exercise isn’t breaking any. A delay in official results of the presidential election has led its two contenders to claim victory, deepening a divide among the electorate after a seven-month long polarising campaign that centred on ...
Read More »Ukraine set to elect TV comic as president in runoff fight
Bloomberg Ukrainians are poised to elect the country’s most-watched comedian as president in a backlash at the ex-Soviet republic’s lack of progress since a revolution five years ago. Volodymyr Zelenskiy, a 41-year-old TV comic who’s tapped into fury at the political class, was expected to comfortably defeat incumbent Petro Poroshenko at a runoff on Sunday, according to opinion polls. Despite ...
Read More »Electric-vehicle tax credit should be taken off road
Some government foolishness has an educational value that compensates for its considerable cost. Consider the multibillion-dollar federal electric-vehicle tax credit, which efficiently illustrates how government can, with one act, diminish its already-negligible prestige while subtracting from America’s fairness. Sen. John Barrasso, R-Wyo., and Rep. Jason Smith, R-Mo., hope to repeal the tax credit, which probably will survive because it does ...
Read More »China’s growth story has plenty of holes
As China posts yet another quarter of six percent-plus growth, analysts have been quick to brand the latest upswing as a rebound. Buoyed by this year’s double-digit stock-market gains, large flows of credit and tax cuts for consumers, Beijing is trying to sell the narrative that growth remains stable. Some official statistics seem to support that theory: Gross domestic product ...
Read More »Nestle discipline cements its lead over Unilever
Two consumer goods giants, two first-quarter reports that exceeded analysts’ expectations. Which is better? Nestle SA and Unilever both have the same problem. They have to show they can grow, but at the same time improve profitability. To this end, both are reshaping their core portfolios. Nestle has an activist investor lurking in the background, while Unilever is at risk ...
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