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Duterte seeks arrests, health insurer revamp over dialysis scam

Bloomberg President Rodrigo Duterte has ordered the arrest of those involved in a dialysis treatment scam that defrauded Philippine Health Insurance Corp, and plans a revamp of the state-run insurer for losing more than $2.89 billion from fictitious claims and abuse. “I will really go after this” and “I am ordering the National Bureau of Investigation” to take over, invite ...

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Blackstone plans $6.8 billion European warehouse unit

Bloomberg Blackstone Group LP plans to pool 6 billion euros ($6.8 billion) of its smaller European warehouse investments in a new company that will ultimately be publicly listed or sold. The private-equity giant is in the process of hiring an executive to run the company, which will manage its holdings of logistics properties close to towns and cities, according to ...

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British economy set for slowdown as Brexit stockpiling boost fades

Bloomberg UK manufacturing slumped in April as the boost from Brexit stockpiling evaporated and car factories halted work, boding ill for the economy in the second quarter, figures on Monday are expected to show. Production fell by 1.4 percent from March, the biggest decline since the start of 2017, according to a Bloomberg survey. With little support from construction and ...

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