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Kim makes surprise China visit

Bloomberg Kim Jong Un made a surprise visit to Beijing on his first known trip outside North Korea since taking power in 2011, three people with knowledge of the visit said. Further details of his trip, including how long Kim would stay and who he would meet, were not immediately available. Speculation about a possible visit by a high-ranking North ...

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Thousands more leave enclave in Ghouta

BEIRUT / Reuters Some 7,000 people departed eastern Ghouta for Syrian rebel territory near the Turkish border on Tuesday under a deal arranged by Russia to surrender the enclave to the Syrian government, Russian state media and a war monitor said. Rebels have been gradually leaving Ghouta, accepting safe passage for themselves and their families to Idlib in northwestern Syria ...

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Zambia oppn impeachment motion frivolous, says govt

LONDON / Reuters The Zambian government said President Edgar Lungu hasn’t committed any offence that warrants the impeachment motion the opposition has brought to parliament. “On face value it’s extremely frivolous,” government spokeswoman Dora Siliya said in comments broadcast by Lusaka-based Hot FM on Tuesday. “We know that this motion is baseless and it’s purely a political gimmick by the ...

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Serbs in Kosovo quit cabinet

Bloomberg Ethnic Serbs quit the Kosovo government to protest police breaking up their meeting with a negotiator from Serbia, escalating tension between the two Balkan neighbors. Their walkout may destabilize the government in Kosovo and undermine European Union-mediated talks with Serbia. Both aspire to join the bloc but must mend ties in order to do so. The escalation comes after ...

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Slovak cabinet wins confidence vote as street protests persist

Bloomberg Slovakia’s lawmakers endorsed a new cabinet whose appointment sought to avert early elections after the country’s largest anti-government demonstrations since the fall of communism. The three ruling parties need to restore public trust in state institutions that was shaken during a month of political turbulence following the murder of a reporter investigating crime with political links. Prime Minister Peter ...

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EU urges Congo to attend aid talks

Bloomberg The European Union’s aid chief urged the Democratic Republic of Congo to take part in a donor meeting on tackling a humanitarian crisis in the vast central African country that’s left more than 13 million people in need of aid. Congo’s government, which has been under pressure to hold elections that would see President Joseph Kabila leave power, has ...

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Oil gains as easing trade tensions counter supply fears

Bloomberg Oil traded above $65 a barrel as global trade tensions showed signs of easing, countering concerns that US crude stockpiles may have resumed their expansion last week. Futures in New York rose 0.3 percent, remaining near the year’s highest close set in January at $66.14. A resurgence in risk appetite has helped lift markets from equities to commodities after ...

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Xiaomi’s CEO disses iPhone in unveiling $500 marquee device

Bloomberg Xiaomi Corp. unveiled its latest top-tier smartphone to bring the fight to Apple and Samsung, as the Chinese startup readies a highly anticipated initial public offering. Co-founder Lei Jun showed off the MIX 2S, which starts at 3,299 yuan ($527). The phone—on paper— sports many of the bells and whistles familiar to power users but is about half the ...

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Collapse of HNA’s Swiss IPO sets back $16 billion garage sale

Bloomberg HNA Group Co.’s scrapped initial public offering of its Swiss airline caterer dialed up the pressure for the embattled conglomerate as it seeks to raise about $16 billion during the first half of the year to reduce one of the biggest debt piles in corporate China. The IPO of Gategroup Holding AG would have raised between $917 million and ...

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Foxconn unit to buy Belkin for $866mn in brand push

Bloomberg FIT Hon Teng Ltd., part of the contract manufacturing giant Foxconn Technology Group, agreed to buy Belkin International Inc. in the latest move by billionaire Terry Gou to expand in branded goods. FIT will pay $866 million in cash for Belkin, a maker of Wi-Fi routers, mobile device chargers and keyboards, the company said in a filing to the ...

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