Blog Layout

Scholz faces another tricky electoral test

Bloomberg German Chancellor Olaf Scholz faces another tricky electoral test, with polls suggesting his Social Democratic Party (SPD) could suffer a second setback in a week in a regional ballot. Some 13.2 million people are eligible to vote in Germany’s most populous state of North Rhine-Westphalia, a heavily industrialised western region that was once an SPD stronghold but has been ...

Read More »

McConnell sees swift Ukraine aid passage

Bloomberg Senate Republican Leader Mitch McConnell said after a visit to Kyiv that he expects the chamber to pass a $40 billion aid package for Ukraine with broad bipartisan backing on Wednesday. McConnell, speaking to reporters on a call from Sweden, made the pledge after leading a group of Republican senators to meet Ukrainian President Volodymyr Zelenskiy, who called for ...

Read More »

Australian PM launches pitch for his second ‘miracle’ win

  Bloomberg Australian Prime Minister Scott Morrison made an impassioned pitch for his center-right government to be re-elected for a fourth term less than one week from a national election, with polls pointing to an opposition victory. The Liberal National Coalition government held its official campaign launch in Brisbane, Queensland, a state that is crucial for Morrison’s party for any ...

Read More »

EU trims its euro area GDP forecast for 2022

Bloomberg The European Union (EU) cut its prediction for 2022 euro-area growth and almost doubled its estimate for inflation, according to new draft projections. In the first forecast since the outbreak of war in Ukraine, the European Commission says gross domestic product will expand 2.7% in 2022 and 2.3% in 2023, according to a draft seen by Bloomberg. That’s down ...

Read More »

Musk to explore possible investments in Indonesia

  Bloomberg Elon Musk, the world’s richest person, is considering a visit to Indonesia to explore investment opportunities in the resource-rich Southeast Asia country. The chief executive officer of Tesla Inc. and SpaceX met with Indonesian President Joko Widodo at the rocket manufacturer’s site in Boca Chica, Texas, on Saturday, during which Widodo extended an invite. “Hopefully in November, thank ...

Read More »

Dutch tech firms warn they’ll lose out if expat tax break goes

  Bloomberg Technology companies including ASML Holding NV and Adyen NV called on the Dutch government to maintain a tax break that seeks to attract expatriates to the Netherlands. Ingrid Thijssen, head of the Confederation of Netherlands Industry and Employers, said the government for budget reasons is considering shrinking or scrapping a rule that exempts 30% of an expat’s salary ...

Read More »

Bill Gates sells $940mn of CN rail stock

  Bloomberg Bill Gates sold about $940 million of Canadian National Railway Co. shares, trimming one of the largest holdings of the investment firm that controls his $117 billion personal fortune. Cascade Investment unloaded roughly 12% of its shares in the Montreal-based company from April 27 to May 12, leaving it with a stake of about 9% or $6.8 billion, ...

Read More »

Apple is testing a switch to USB-C for future iPhones

Bloomberg Apple Inc is testing future iPhone models that replace the current Lightning charging port with the more prevalent USB-C connector, according to people with knowledge of the situation, a move that could help the company conform with looming European regulations. In addition to testing models with a USB-C port in recent months, Apple is working on an adapter that ...

Read More »
Send this to a friend