Bloomberg UK Prime Minister Theresa May called for unity over Brexit, following a week in which Cabinet tensions spilled over and her plan for Britain’s trading relationship with the European Union was labeled “crazy†by a key party member. “You can trust me to deliver,†May wrote in the Sunday Times newspaper. “The path I am setting out is the ...
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Battle for democracy rages in Poland, oppn gains ground
Bloomberg Poland’s biggest opposition group brought 50,000 people to the streets of Warsaw on Saturday to protest what they see as the government’s efforts to restrict democracy and distance the nation from the European Union (EU). Protesters carrying Poland and the EU flags, and signs calling for “freedom, equality and democracy,†thronged the center of the capital city, shouting “constitution†...
Read More »New Malaysian leader tightens net around ousted ex-PM Najib
Bloomberg Malaysian Prime Minister Mahathir Mohamad moved swiftly against predecessor Najib Razak just days after his shock election win, banning him from leaving the country and planning to reopen a probe into a multi-billion dollar scandal at a state fund that Najib helped set up. Even as a chastened Najib said he would support a smooth transition of power and ...
Read More »Italy’s populists in ‘talks’ as president takes a stand
Bloomberg Italy’s populist leaders Luigi Di Maio and Matteo Salvini forged ahead with a government plan in marathon talks, while President Sergio Mattarella indicated that he doesn’t intend to rubber stamp whatever they decide. Di Maio of the anti-establishment Five Star, and Salvini, who heads the anti-immigrant League and a broader center-right alliance, were set to hold further discussions in ...
Read More »US exit from Iran accord has increased tensions: Merkel
Bloomberg German Chancellor Angela Merkel said Donald Trump’s decision to withdraw from the Iran nuclear deal has increased tensions. “We are following the events between Iran and Israel, bearing in mind that Israel’s security†is important to Germany, Merkel said in comments reported by the Ansa newswire. She spoke after receiving the Lamp of Peace of St. Francis award in ...
Read More »Jack Ma’s payments arm snags Carlyle for $10 billion funding
Bloomberg Ant Financial, the Chinese payments giant controlled by Jack Ma, is expected to close a fundraising of at least $10 billion in the next few days, attracting Carlyle Group and the Canada Pension Plan Investment Board as first-time investors, according to people familiar with the matter. The Hangzhou-based company is said to be valued at about $150 billion in ...
Read More »Fullerton plans US IPO after Singapore setback
Bloomberg Fullerton Healthcare Corp., the medical service provider that shelved plans for a Singapore initial public offering in 2016, is now aiming to sell shares in the US, people with knowledge of the matter said. The Singapore-based company is starting preparations for a US IPO that could take place as soon as this year, the people said, asking not to ...
Read More »Didi suspends carpooling after passenger killing
Bloomberg Didi Chuxing, China’s biggest ride-hailing startup, will suspend its carpooling service for a week, citing an incident in the central city of Zhengzhou. The company will review operations of the Didi Hitch service from May 12, Didi said on its microblog. State media outlet CCTV has reported that a driver on the platform is suspected of killing a passenger ...
Read More »Walmart’s $16bn India deal hits Waltons’ fortune
Bloomberg The world’s wealthiest family has just bestowed billionaire status on two of India’s most feted tech entrepreneurs. And wiped more than $4 billion from their own fortunes. Walmart Inc., controlled by the Walton family, led a group that bought a 77 percent stake in Flipkart Online Services Pvt. The deal valued the Indian company at about $21 billion. Flipkart ...
Read More »Huawei to offer BTC.com Bitcoin wallet in app store
Bloomberg Users of Huawei Technologies’s mobile phones will be able to download Bitcoin wallets on their devices for the first time starting on Friday. Huawei, the world’s third-biggest handset maker, is releasing BTC.com’s Bitcoin wallet in its AppGallery, according to an e-mail statement by the company. The BTC.com wallet will be the first cryptocurrency app offered by Shenzhen-based Huawei. The ...
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