Bloomberg Venezuela’s detention of opposition leader Juan Guaido’s uncle is based on “preposterous charges” and another sign of the “increasing desperation” of Nicolas Maduro’s regime, the US Department of State said in a statement. “The United States strongly condemns the detention of Juan Jose Marquez, uncle of interim President Juan Guaido, and demands his immediate release,” the State Department said. ...

Bloomberg Fears continue to grow as much of the world shifts its attention to cruise ships infected with the coronavirus. Japan said it found an additional 70 cases aboard the Diamond Princess, a luxury liner that’s been quarantined at the port of Yokohama, bringing the total number of infected on the ship to 355. Malaysia said it won’t allow any ...

Bloomberg The White House delivered its legal justification for the January airstrike that killed Iranian General Qassem Soleimani, arguing that President Donald Trump was authorised to take the action under the Constitution and 2002 legislation authorising the Iraq war. The Trump administration memo, which was released by House Foreign Affairs Chairman Eliot Engel, was the first official explanation of the ...

Bloomberg Joe Biden said threats against officials at a prominent Nevada union that criticised Bernie Sanders’ health care plan by some supporters of the Vermont senator were “outrageous.” The threats were “vicious, malicious,” and “misogynistic,” Biden said in an excerpt of an interview on Sunday on NBC’s “Meet the Press.” The former vice president called on Sanders to accept greater ...

Bloomberg A senior United Nations official called the arms embargo on Libya a “joke” as governments struggled to hold together efforts to end a civil war in the North African country. Germany hosted a meeting of top officials in Munich, who expressed concern about “the deplorable recent violations” of the Libyan weapons embargo, while reaffirming the conclusions of a summit ...

President Xi Jinping has an unwritten deal with the Chinese people: Give me total political control, and I will solve China’s problems and make it a global superpower. This implicit “social contract” had seemed to be working pretty well, until the coronavirus breakout. The epidemic that began in Wuhan in December has spread deep into China’s social fabric. It has ...

It isn’t just Unilever NV that’s struggling to sell more food. Rival Nestle SA now expects to come up short of its self-imposed sales-growth target this year, and it’s counting on acquisitions to put it back on track. While Chief Executive Officer Mark Schneider met the lower end of a goal for underlying operating margin 12 months early, it will ...

Yves Perrier, the chief executive officer of Amundi SA, has said for several years that his aim is to make Asia a second domestic market for his firm. In 2019, the business started to deliver on that promise — which could pave the way for Perrier, who’s spent the past decade building Amundi into Europe’s biggest fund manager, to depart ...

Bombardier Inc. has given up trying to compete in the commercial aerospace market by selling its remaining stake in the 100-150 seat A220 program to its joint venture partner Airbus SE. The $1.5 billion full-year net loss that Airbus announced, alongside that deal, is a painful reminder of why Bombardier’s own large jet ambitions always looked doomed. In theory, building ...

How cheap would you like your natural gas today? Is zero low enough? OK, how about we pay you to take it off our hands? That’s what’s happening in the middle of the US shale patch at the moment — and it’s a symptom of a glut that could reshape energy markets across the world in the coming years. Gas ...