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Zimbabwe president survives assassination attempt as vote looms

Bloomberg The president of Zimbabwe Emmerson Mnangagwa escaped unscathed after an explosion at an election rally injured both his deputies, with the blast coming within hours of a separate grenade attack on Ethiopia’s prime minister. “’It exploded a few inches from me, but it is not my time,” Mnangagwa said in comments broadcast by state-owned media. Footage from the stadium ...

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Erekat accuses US of trying to overthrow Palestinian authority

Bloomberg A top Palestinian official accused the US of trying to overthrow Palestinian Authority President Mahmoud Abbas, in an attempt to discredit an American peace mission it is shunning. The West Bank-based Palestinian Authority broke off contact with the US in December over its Jerusalem policy, and has not been party to the meetings that negotiators Jared Kushner and Jason ...

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EU seeks consensus on migration

Bloomberg European leaders gathered in Brussels on Sunday for an informal meeting aimed at paving the way to a deal on the management of migration, amid an escalating crisis that threatens to unravel the bloc’s passport-free travel area and dissolve Germany’s governing coalition. “This is not about the survival of a chancellor,” Luxembourg Prime Minister Xavier Bettel said. “It’s about ...

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EU nearing trade breakdown

Bloomberg The global trade war is about to get worse, as the rules-based system of international commerce is poised to revert to an environment where the strong impose their will upon the weak, according to an internal memo circulated among European Union governments. The disputes between the US and its closest trading partners are set to escalate “in the coming ...

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Trade is an afterthought in stock market still glued to earnings

Bloomberg Of all the forces swaying equity prices, earnings expectations are the hardest to see. They don’t make headlines, are difficult to quantify and get lost in the din around trade wars and politics. Yet ignoring them is to miss the biggest part of what influences the market — the force that keeps the peace in a week like this. ...

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Bitcoin approaches year low as Japan cracks down on venues

Bloomberg Bitcoin extended losses as it approached the lowest price for the year after Japanese regulators hit six of the country’s biggest cryptocurrency trading venues with business-improvement orders. The biggest virtual currency fell as much as 10 percent to $6,045.31, testing the low for the year of $5,922 that was set on February 6, according to prices compiled by Bloomberg. ...

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Trump’s trade war raises risk of slowdown in US economy

Bloomberg The escalating trade battle between the US and the rest of the world is raising the risk of a meaningful slowing in an otherwise vibrant American economy. While the tariffs already in place and set to be implemented will barely dent US growth, economists say the panoply of additional measures being considered would take a perceptible bite out of ...

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Euro-area economic growth gathers pace in June as risks persist

Bloomberg Economic momentum in the euro area unexpectedly picked up in June, suggesting the 19-nation bloc is starting to recover from a temporary soft patch just as risks to the outlook increase. Private-sector growth also gathered pace in the region’s two largest economies, Germany and France, underpinning the European Central Bank’s prediction that a rebound — even if it arrives ...

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Car tariffs: Europe ready to retaliate

Bloomberg The European Union says it will continue a tit-for-tat escalation in its trade dispute with the US while countering President Donald Trump’s assertion that the US is being treated unfairly by the 28-nation bloc. Jyrki Katainen, the EU commissioner in charge of jobs and growth, told the French newspaper Le Monde in a story posted that if Trump applies ...

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Apple challenges four Qualcomm patents

Bloomberg Apple Inc. filed petitions challenging four Qualcomm Inc. patents, dragging the US Patent and Trademark Office into a long-running licensing dispute that already spans the globe. The two are locked in a bitter fight over the amount of royalties Apple’s suppliers should pay to use Qualcomm’s technology on telecommunications. Billions of dollars are at stake. A hearing in one ...

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