Bloomberg Apple Inc. is designing iPhones and iPads for 2018 that don’t use components from Qualcomm Inc. amid an escalating dispute between the companies, according to a person familiar with the matter. The product plans are in the early stages and may still change, said the person, who asked not to be identified because the matter is private. Apple may ...
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Toyota wins over US shoppers with new Camry, AV4s
Bloomberg Look out, Detroit: Toyota Motor Corp. is on a roll in the US. Toyota took 15 percent market share last quarter for the first time since 2009. Its RAV4 car-based sport utility vehicle is the industry’s most popular vehicle this year aside from the top pickups, outselling even its own Camry midsize sedan. It beat Ford Motor Co. each ...
Read More »Google, Facebook lobby group asks for clearer ad disclosure laws
Bloomberg The Internet Association, a Washington-based group with members that include Alphabet Inc.’s Google, Facebook Inc. and Twitter Inc., is advising lawmakers to clarify the responsibility of advertising platforms ahead of the companies’ testimony to Congress on the extent of Russian influence on their networks. The lobbying group wrote a series of principles, suggesting that the Federal Election Commission should ...
Read More »Ghost town of Cobalt gets first jolt from Tesla’s electric cars
Bloomberg Ironically, Cobalt, Ontario—population 1,100—was built on silver. Remnants of a boom that transformed the town more than a century ago are everywhere. A mine headframe still protrudes from the roof of the bookstore, which was previously a grocery. The butcher used to toss unwanted bones down an abandoned 350-foot shaft in the middle of the shop floor and keep ...
Read More »Moon seeks detente with China, North Korea before Trump visit
Bloomberg South Korean President Moon Jae-in is seeking a detente with both North Korea and China in a bid to calm tensions a week before US President Donald Trump arrives in Seoul. South Korea and China on Tuesday agreed to move beyond a year-long dispute over Seoul’s decision to deploy a US missile shield, paving the way for closer ties ...
Read More »Catalan chess game gives Rajoy upper hand
Bloomberg In the final days of Spain’s complex political chess match with Catalan separatism, Prime Minister Mariano Rajoy made the best tactical moves. The longer game of keeping the country’s economic powerhouse in Spain may prove harder to win. Rajoy lined up backing from the opposition Socialists for his plan to sweep out the Catalan government while his diplomats ensured ...
Read More »Czechs near minority cabinet as president backs tycoon’s bid
Bloomberg Czechs moved closer to a rare minority government envisaged by billionaire Andrej Babis as his euroskeptic party failed to find coalition allies after winning this month’s general elections. President Milos Zeman said he won’t object if Babis proposes forming a government that lacks a parliamentary majority, because a single-party cabinet would rule more efficiently. While Babis, the second-richest Czech ...
Read More »Serb leader mulls new snap vote
Bloomberg Serbian President Aleksandar Vucic’s Progressive Party is considering triggering the third snap parliamentary elections since 2014 as it moves to further consolidate power in the European Union candidate. Vucic, a former ally of war-time leader Slobodan Milosevic, said his party are discussing early elections this week. His party won snap bal- lots in both 2014 and last year bef-ore ...
Read More »Kenyatta named winner of Kenyan vote as Odinga cries foul
Bloomberg Kenyan President Uhuru Kenyatta was declared the landslide winner of a chaotic election rerun that his main rival Raila Odinga rejected as a sham. Kenyatta, 56, won 7.48 million votes, or 98.3 percent of the total cast on Oct. 26, Wafula Chebukati, the chairman of the Independent Electoral & Boundaries Commission, said in Nairobi, the capital. The turnout was ...
Read More »China’s inflation flirtation won’t cut debt problem
China is witnessing something most of the world’s major economies haven’t seen in quite some time: rising prices. With growth strong but debt at perhaps 300 percent of gross domestic product, that’s a welcome sign. The danger is that China’s government now hopes inflation will solve its other problems. From 2013 until this year, the GDP deflator, a broad measure ...
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