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Brexit halo fades for Irish leader fighting for survival

Bloomberg As Irish PM Leo Varadkar welcomed European Commission President Ursula von der Leyen, there was plenty of noise. Here was the EU’s top official coming to Dublin on the first full day of an election campaign. But as von der Leyen commended him for his statesmanship during Britain’s divorce from the EU, outside the building that houses Ireland’s key ...

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HK medical workers vote to strike amid outbreak

Bloomberg Thousands of Hong Kong medical professionals voted to begin a five-day strike on Monday after the government refused their demand to shut all entry points from China amid a deadly virus outbreak on the mainland. The Hospital Authority Employees Alliance said there were about 99% of “Yes” votes cast by its members. More than 9,000 members have pledged to ...

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Earnings an afterthought in panic-stricken market

Bloomberg Investors who assumed the quarterly deluge of corporate results would determine the direction of stocks in late January have obviously found themselves with much bigger concerns to cope with. Earnings season is fast being forgotten in a market where cascading fear about the human toll of coronavirus has come to dominate sentiment. The S&P 500 just dropped the most ...

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Pound ended tough month on bright note

Bloomberg The pound ended a tumultuous month on a high note on the Brexit day. Sterling was on course for its biggest weekly gain since mid-December, a day after the Bank of England (BOE) kept interest rates unchanged, supporting the currency. Analysts expect it to climb more than 1% to $1.33 by the end of June, according to a Bloomberg ...

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Uber suspends 240 Mexican accounts to prevent virus spread

Bloomberg Uber Technologies Inc has suspended 240 user accounts in Mexico to contain the potential spread of coronavirus. The users suspended had ridden with two drivers who came into contact with a possible coronavirus case, according to a statement posted to the company’s Mexican Twitter account. To date, there have been no confirmed cases of the virus in the country. ...

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Brexit hangover kicks in for EU leaders debating budget gap

Bloomberg Twelve hours after the UK formally left the European Union, the bloc’s poorer members gathered in an old Franciscan convent in southern Portugal to rally against a looming budgetary shortfall that’s partly due to the loss of British contributions. Brexit is deepening the rift between richer and poorer EU states as they clash on the bloc’s trillion-euro ($1.1 trillion) ...

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WeWork to name real estate veteran as CEO

Bloomberg WeWork plans to name Sandeep Mathrani as its new chief executive, according to a person familiar with the matter. Mathrani, who previously was chief executive of Brookfield Property Partners’ retail group, will replace Artie Minson and Sebastian Gunningham. The duo has served as co-CEOs of WeWork parent We Co since Adam Neumann stepped down in September following a failed ...

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Twitter suspends Zero Hedge permanently

Bloomberg The libertarian financial website Zero Hedge was permanently suspended from Twitter after it published an article questioning the involvement of a Chinese scientist in the outbreak of the deadly novel coronavirus. On its website, Zero Hedge’s pseudonymous author “Tyler Durden” said he received a notification from Twitter that he had violated “our rules against abuse and harassment.” Earlier, BuzzFeed ...

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Musk adds $2.3b to his fortune in 60 minutes

Bloomberg Elon Musk’s fortune swelled by $2.3 billion in the span of an hour after shares of Tesla Inc soared in extended trading on stronger-than-expected fourth-quarter earnings and an accelerated timetable for the new Model Y crossover SUV. The electric-vehicle maker’s stock, which closed at $580.99, surged 12% to $649 at New York, boosting the chief executive officer’s net worth ...

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New IBM CEO is mastermind behind cloud strategy for growth

Bloomberg In July of 2017, International Business Machines Corp executive Arvind Krishna walked into a routine meeting with senior leaders and delivered a surprise pitch that changed the course of the iconic 108-year-old company’s future. For months Krishna, the head of IBM’s cloud computing division, had been thinking about a way to connect clients’ most important data, which was often ...

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