Bloomberg Uber Technologies Inc is appointing two new independent non-executive directors to its UK board as it continues its bid to shore up its reputation in one of its major markets. Susan Hooper was previously head of the travel division at Acromas Group, while Roger Parry is non-executive chairman of software company Oxford Metrics and polling company YouGov Plc. The ...
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‘EU can help settle US-China trade row’
Bloomberg The European Union can help settle the burgeoning trade spat between the US and China, European Commission Vice Presidents Jyrki Katainen and Valdis Dombrovskis said. Rather than participate in the dispute, the EU can leverage its role as the world’s largest market to uphold the rules of international trade and push back against unilateral tariffs like the ones backed ...
Read More »Blackstone to begin marketing 15 US hotel properties
Bloomberg Blackstone Group LP is in the early stages of marketing a group of select-service hotels, according to people with knowledge of the matter. A sale of about 15 US properties would be part of the ordinary course of managing a large portfolio, said one of the people, who asked not to be identified because the process is confidential. While ...
Read More »Trump softens key Nafta demand on regional car content
Bloomberg The Trump administration has softened a key Nafta demand for more North American content in car manufacturing—a potential olive branch on arguably the biggest sticking point as the US pushes to reach a stopgap deal this month, according to three people familiar with the talks. The US proposal would distinguish between different Nafta car parts by grouping them into ...
Read More »Sanctions turn Putin tycoons into international pariahs
Bloomberg The US is taking sanctions against Russia to a new level. The US Treasury turned away from past efforts like curbs on visas to unleash measures that will sever access to global financial markets, buyers and suppliers for several of Russia’s Kremlin-connected billionaires. One of them, Oleg Deripaska, bears the brunt. And sanctions against him entangle some of the ...
Read More »Russian envoy seeks to meet UK’s Johnson over spy case
MOSCOW / Reuters The Russian embassy in London has sent a request for a meeting of its envoy, Alexander Yakovenko, with British foreign minister Boris Johnson to discuss the investigation of an ex-Russian spy and his daughter poisoned in Salisbury, the RIA news agency reported on Saturday. “We hope for a constructive response from the British side and are counting ...
Read More »Palestinians clash with Israeli troops along Gaza border
GAZA / Agencies A Palestinian journalist died on Saturday after being wounded by Israeli fire while covering deadly protests along the Israel-Gaza border, health officials said. Yaser Murtaja, 30, a cameraman for Palestinian Ain Me-dia, was the 29th Palestinian killed in the week-long protests. Photos showed Murtaja lying wounded on a stretcher wearing a navy-blue protective vest marked ‘PRESS’ in ...
Read More »Aussie voters want Turnbull as PM, poll shows
MELBOURNE / Reuters Australian voters want Malcolm Turnbull to remain prime minister, according to an opinion poll on Saturday, as questions about his leadership gain momentum with his coalition facing possibly the 30th straight loss in a major poll on Monday. Losing 30 Newspolls, one of the country’s most respected political polls, would be a symbolic blow for Turnbull since ...
Read More »How to really push back against fake economics
Fake News is a charge that US President Donald Trump routinely levels at mainstream news outlets reporting truths he prefers not to hear. So when economists cry foul—complaining about blasphemy and quackery among would-be practitioners—our first instinct should be a little scepticism about the charge of Fake Economics. Isn’t this just a famously insular and recently maligned profession simply closing ...
Read More »Deutsche Bank’s infighting has a cost
As Deutsche Bank AG hurries to rearrange the deckchairs in its boardroom, the firm is losing market share in some of its most important investment banking divisions. If something doesn’t change soon, there won’t be much of a business left for its new directors to oversee. In international bond underwriting, the largest fixed-income category for which Bloomberg compiles league tables, ...
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