Bloomberg Already grappling with extremist militants in the northeast, secessionists in the east and unrest in the oil-rich Niger River delta, Nigerian President Muhammadu Buhari is facing an upsurge in violence between crop farmers and herders that may threaten his party’s election chances next year. Images of bodies hacked with machetes and perforated by bullets shared on social media are ...
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Baghdad says ‘atmosphere of trust’ marked talks with Kurds
BAGHDAD / Reuters Iraq’s central government said “an atmosphere of trust†marked talks with the semi-autonomous Kurdistan region to resolve a conflict that triggered armed clashes in October. Envoys of the two sides met in the Kurdish regional capital Erbil in northern Iraq and discussed issues including security, control over the Kurdistan Regional Government’s (KRG) land borders, airports, the oil ...
Read More »Germany’s SDP divided on alliance with Merkel
Bloomberg Germany’s Social Democrats began taking sides on forming a government with Angela Merkel as the party leadership stepped up efforts to convince doubters of the need for a rerun of their grand coalition. SPD leader Martin Schulz continued his tour of key Social Democratic Party regions on Tuesday to sell the preliminary deal reached last week with Merkel’s Christian ...
Read More »GOP leaders struggle to avert shutdown
Bloomberg Republican congressional leaders are struggling to separate the immigration blow-up set off by President Donald Trump from a funding bill to avert a US government shutdown at the end of this week. Democrats say the burden is on Trump to help break the stalemate after he rejected a bipartisan proposal to shield young, undocumented immigrants from deportation and ignited ...
Read More »Theresa May is climbing an indestructible plastic mountain
TV naturalist Sir David Attenborough made his viewers weep last month with an exposé on how plastics are polluting the oceans, harming marine animals and fish. Last week, British prime minister Theresa May announced a slew of new measures to discourage plastics use, including plastic-free supermarket aisles and an expanded levy on plastic bags. A ban on microbeads in cosmetics ...
Read More »Curb your enthusiasm for Singapore’s housing revival
What’s not to like about Singapore’s property market? Sales in 2017 touched a four-year high. Developers paid homeowners S$8.5 billion ($6.4 billion) — the most since 2007 — to vacate their homes so new apartment complexes could be built. Prices have stopped falling, and Credit Suisse Group AG expects them to rise between 5 percent and 10 percent this year. ...
Read More »It’s a different beast that underpins HK stocks
After a 14-day run, Hong Kong’s Hang Seng Index on Monday came close to breaking through its historical record set more than a decade ago. Technical analysts now caution the benchmark looks overbought. Its strength, however, shouldn’t be surprising. That’s because the Hang Seng today isn’t what it was a decade ago. One of the most conspicuous changes has been ...
Read More »EU will gain from thriving London’s finance hub
Last week, the UK government asked German business leaders for help in securing a good deal with the European Union on financial services. The request deserves to be taken seriously. Europe’s businesses have much to gain from keeping London as a thriving financial center. The City is by far the most significant financial hub in Europe. In 2016, the UK ...
Read More »Facebook’s new mission may be impossible to accomplish
If Facebook Chief Executive Officer Mark Zuckerberg is sincere in a recent post about gradually taking the media element out of “social media,” he’s striking a powerful blow for tech self-regulation, as well as preparing to pay a heavy price for the evolution of his vision. But getting the genie back into the bottle may be too difficult even for ...
Read More »Profiting from the next market crash won’t be easy
Current debates about stock valuations resemble the arcane meditations of medieval monks. But the real drivers are more mundane. Traders, weaned on tales of financial derring-do like ‘The Big Short,’ want to be the ones who profit from the next crash. The problem is that it may be easier to predict the crash than to profit from it. To make ...
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