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After winning Trump’s ear, Boeing achieves trade victory

Bloomberg Boeing Co. is making the best of its unlikely rapport with President Donald Trump. The planemaker’s latest victory came when the Trump administration slapped far larger duties on a competing Bombardier Inc. jet than Boeing had requested in a trade spat with its Canadian rival. There’s also been good news for the company’s defense division as the Pentagon acquired ...

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Croatia to join Euro-area queue by 2020

Bloomberg Croatia bucked the trend of eastern European Union countries putting off their commitments to adopt the euro by setting 2020 as a target date to join ERM-2, the waiting room for the common currency. The newest EU member plans to join the exchange-rate mechanism, where all new euro members must remain for two years to show currency stability, and ...

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Kalanick names two directors without consulting Uber board

Bloomberg Former Uber Technologies Inc. Chief Executive Officer Travis Kalanick named two new directors without consulting the company’s new leader or other existing board members, ratcheting up a Machiavellian battle for control of the world’s most valuable startup. Kalanick said in an announcement that he had appointed Ursula Burns, Xerox Corp.’s former CEO, and John Thain, the ex-Merrill Lynch chief, ...

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Google to probe Russia meddling in ‘US election’

Bloomberg Alphabet Inc.’s Google has begun an internal probe on whether Russia-linked actors used its advertising and services to influence last year’s US presidential election, according to a person familiar with the matter. Facebook Inc. and Twitter Inc. have both disclosed political ad spending and accounts affiliated with Russia, and Facebook is sharing its findings with Google, this person said. ...

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Adidas expects just $401mn from basketball products

Bloomberg Adidas AG’s mission to expand its basketball footprint in North America hasn’t made a major difference so far. That may now be a comfort to the German athletic-goods company as one of its executives is embroiled in a US college-basketball bribery investigation. Adidas expects to generate just $401 million from basketball products worldwide this year, the company said in ...

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VW withdraws Ducati sale amid unions’ protest

Bloomberg Volkswagen AG halted the possible sale of its Ducati motorcycle unit amid persistent opposition from its powerful labor groups, according to an Italian union leader. “Ducati’s CEO told workers that the VW supervisory board decided to halt the sale process,” Bruno Papignani, regional head of FIOM CIGL union, said. “IG Metall sustained and helped Ducati workers in their request ...

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British PM May fights plotters as Johnson declares Brexit red lines

Bloomberg UK Prime Minister Theresa May needs to boost her appeal and win over young voters at her party’s annual conference next week in a push to revitalise her flagging premiership after a disastrous election in June. May is trying to persuade critics inside her Conservative Party to let her stay on as leader, as her allies fear she faces ...

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Russia denies Ukraine claim troops stayed in Belarus after games

Bloomberg Russia denied assertions by neighbouring Ukraine that most Russian troops taking part in large-scale war games this month on NATO’s eastern border remained in Belarus after the exercises ended. “As far as the Russian troops which took part in the joint strategic exercises, Zapad 2017, they all returned to their permanent bases,” Defense Ministry spokesman Igor Konashenkov said on ...

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Lesotho casts its votes for national assembly

Bloomberg Voters in Lesotho began casting ballots on Saturday in elections for national assembly members in three constituencies and for local government leaders across the landlocked southern African nation. Voting began in the parliamentary constituencies of Hololo, Thupa-kubu and Teyateyaneng, where candidates died before general elections on June 3. More than 1.2 million voters were also expected to cast ballots ...

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US-N Korea talk on nuclear programme: Tillerson

Bloomberg The US is communicating with North Korea about its nuclear programme and testing Pyongyang’s appetite for negotiations, Secretary of State Rex Tillerson said in the first public acknowledgment by a senior administration official of direct contact on the matter. Tillerson, speaking to reporters on Saturday after meeting Chinese officials in Beijing, insisted that the US would never accept a ...

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