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Google to start charging phone makers for Europe app store

Bloomberg Google will start charging smartphone makers that want to install its app store and services for devices sold in Europe, changes it says it must make to comply with a European Union antitrust order in July that brought a record 4.3 billion euro ($5 billion) fine. Starting from October 29, new phone models that install the Play store and ...

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Europe’s most stable economy says it is time to share wealth

Bloomberg The Czech Republic must distribute its growing wealth more widely, and even a cooler economy won’t stop higher social expenditure and investment, according to the country’s finance chief. The richest former Soviet satellite is relaxing traditional spending controls that have underpinned one of Europe’s sturdiest budgets. Just five years after austerity exacerbated a record-long recession, Alena Schillerova — the ...

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CVS-Aetna deal cleared

Bloomberg CVS Health Corp. and Aetna Inc received conditional approval to proceed with their proposed $68 billion merger, one of the largest in a series of recent deals that stand to transform the US health-care business. The combination would create a giant with a hand in insurance, prescription-drug benefits and drugstores across the US. By bringing those businesses under one ...

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Swisscom weighs tie-up for Italian unit

Bloomberg Swisscom AG is considering options for its Fastweb SpA unit, including a sale or partnership, that would increase the Italian business’s market share in mobile services, people familiar with the matter said. The company has discussed a tie-up with CK Hutchison Holdings Ltd.’s local wireless unit, Wind Tre SpA, though the Hong Kong conglomerate isn’t interested in adding landline ...

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IBM wants cloud services to play nice with competitors

Bloomberg International Business Machines Corp. is pressing deeper into its strategy of making cloud services more compatible with competitors, rather than trying to force customers into its own walled garden. IBM unveiled three new products to manage security, artificial intelligence and storage services across multiple cloud systems, regardless of whose they are. Having arrived late to the cloud revolution, IBM ...

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US alleges futures-spoofing by traders

Bloomberg Three commodities traders were charged by the US Justice Department with orchestrating a $60 million fraud that involved spoofing and conspiring to manipulate futures contracts, according to prosecutors and court filings in Houston. Yuchun “Bruce” Mao, a 39-year-old Chinese national, is accused of working with two other traders at his firm in a scheme to rig the purchase and ...

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Trump uses immigration talk to energise midterm voters

Bloomberg President Donald Trump has thrust the issue of illegal immigration back to the fore of his political rallies, gambling that his combative rhetoric can galvanize his Republican base ahead of next month’s pivotal midterm elections. But so far there’s scant evidence the divisive issue that helped carry him to victory in 2016 will do the same for his party ...

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Trump plans to pull out of N-weapons pact with Russia

Bloomberg President Donald Trump said he plans to pull out of a major arms control treaty with Russia, claiming the Kremlin breached the accord on intermediate-range nuclear weapons. “We’re not going to let them violate a nuclear agreement,” Trump said on Saturday after a campaign rally in Elko, Nevada. “We’re going to terminate the agreement.” The US has been warning ...

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Poland votes at ground zero of Europe’s populism battle

Bloomberg Poland is voting in local elections that will test the conservative ruling party’s grip on public opinion as it rends the country away from its European Union allies. The nation of 38 million is ground zero in the battle between populist leaders rebelling against the bloc’s liberal, multicultural norms and mainstream forces who say they’ve done more than any ...

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Thousands protest Brexit in London

Bloomberg People from across the UK gathered on a sunny afternoon in London to take part in what may be the biggest public protest over Brexit since the referendum in 2016. The march, which organizers estimated drew 700,000 people to west London’s Park Lane, was called by People’s Vote, a group that’s campaigning for the public to have a say ...

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