Bloomberg President Donald Trump says it’s “certainly possible†he’ll invite Vladimir Putin as a guest to next year’s Group of Seven summit in the US, setting up a flashpoint with fellow nations who ejected the Russian leader over annexation of Crimea. Trump spoke in Biarritz, France, on Sunday as the day’s session of the G-7 was set to get underway. ...
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Kim guides test fire of new rocket launcher
Bloomberg North Korea’s Kim Jong-un guided a test fire of a newly developed super-large multiple rocket launcher, setting the stage for one of the busiest weekends for missile firings since talks began with US President Donald Trump more than a year ago. The test firing comes after South Korea’s Defense Ministry said the same day North Korea launched two ballistic ...
Read More »Seoul holds military drills at islets disputed with Japan
Bloomberg South Korea’s armed forces started military training near disputed islands also claimed by Japan on Sunday amid increasing tensions between the two nations. The drills involving South Korea’s navy, marine corps, air force and army will run through Monday, the nation’s Defense Ministry said. Japan swiftly decried the move and called for a halt to the exercises, which it ...
Read More »Trump unlikely to support Macron’s proposal to revive Iran’s nuclear deal
Bloomberg French President Emmanuel Macron pitched US President Donald Trump on a plan to end the standoff over the Iran nuclear deal — by allowing Iran to sell oil for a limited period of time in exchange for returning to talks and to compliance with the agreement. The proposal was described by a French official after Macron and Trump sat ...
Read More »Tunisia’s Karoui arrest decried as ‘dangerous’
Bloomberg Two of Tunisia’s main parties criticised the arrest of a media mogul-turned presidential candidate on tax evasion changes and raised questions over the role of the judiciary in the North African nation’s politics. Nabil Karoui, the owner of Nessma TV and a self-proclaimed champion of the poor, was detained after the issuing of an arrest warrant in a case ...
Read More »HK police use water cannons on protesters
Bloomberg Hong Kong police deployed water cannons for the first time after firing multiple volleys of tear gas at protesters as social unrest continued for the 12th weekend in the Asian financial centre. Police and protesters were involved in several standoffs in the western New Territories district of Tsuen Wan on Sunday. Hong Kong Chief Executive Carrie Lam held a ...
Read More »Swift slams US politics and Trump’s ‘autocracy’
Bloomberg Taylor Swift said US President Donald Trump probably thinks of the US as an “autocracy†and that she has become disillusioned with the state of American politics in an interview with The Guardian newspaper. The criticism of the president is unusually pointed for the singer, who for years declined to publicise her political beliefs. She now says she regrets ...
Read More »Trade war shows reality of ‘America first’ in action
In a trade war, as in a real one, people are wounded by friendly fire from their side. Consider some casualties in Donald Trump’s “easy to win†— his promise — trade war. Begin with the company whose green machines bear the name of the blacksmith who, in the 1830s in Grand Detour, Illinois, invented a self-scouring plow that could ...
Read More »Xiaomi has a secret money maker
Investors have been looking for reasons to forgive Xiaomi Corp. for its post-IPO slump. They don’t appear to have found them yet. Shares of the Chinese smartphone maker reversed a 2.1 percent gain to plunge as much as 5.5 percent in Hong Kong after the company posted second-quarter earnings. They’ve dropped 47 percent since the July 2018 listing. The stock ...
Read More »Facebook finally meets a regulator with bite
In France, they call it taking mustard after dinner. In Germany, they talk about a child having already fallen in the well. In England, they speak of closing the stable door after the horse has bolted. They all are good ways of describing how regulators have tended to deal with the world’s biggest tech firms. But when it comes to ...
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