Bloomberg UK inflation held at a 5 1/2-year high in October, as cheaper auto fuel offset the rising cost of food. Consumer prices rose 3 percent from a year earlier, the Office for National Statistics said on Tuesday. Economists had expected inflation to accelerate to 3.1 percent. It means Bank of England Governor Mark Carney has been spared having to ...
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Ads soon may stalk you on TV like they do on your Facebook feed
Bloomberg Targeted ads that seem to follow you everywhere online may soon be doing the same on your TV. The Federal Communications Commission (FCC) is poised to approve a new broadcast standard that will let broadcasters do something cable TV companies already do: harvest data about what you watch so advertisers can customise pitches. The prospect alarms privacy advocates, who ...
Read More »US court lets Trump travel ban go partially into effect
WASHINGTON / Reuters A US appeals court in California let President Donald Trump’s latest travel ban go partially into effect, ruling the government can bar entry of people from six Mus- lim-majority countries with no connections to the United States. A three-judge panel of the San Francisco-based 9th US Circuit Court of Appeals partially granted a Trump administration request to ...
Read More »Iran ends earthquake rescue works as death toll rises to 530
ANKARA / Reuters Iranian officials called off rescue operations, saying there was little chance of finding more survivors from the earthquake that shook parts of western Iran on Sunday, killing at least 530 people, media said on Tuesday. Survivors, many left homeless by the 7.3 magnitude earthquake that struck villages and towns in a mountainous area bordering Iraq, battled overnight ...
Read More »Brazil plans cabinet shuffle as ally heads to exit
Bloomberg Brazilian President Michel Temer is planning a cabinet shakeup to rebuild support for his proposed pension overhaul after the largest ally moved closer to abandoning his government. Cities Minister Bruno Araujo, from the Brazilian Social Democracy Party, or PSDB, handed in his resignation, citing the lack of party support as the reason for his departure. Temer himself considers the ...
Read More »UK lawmakers to face stark choice to vote on Brexit
Bloomberg UK lawmakers will get a take-it-or-leave-it vote on the final Brexit deal, with their choices limited to accepting the agreement or voting for a chaotic crashing out of the block. And if the government fails to reach a deal, the UK will leave without consulting Parliament, Brexit Secretary David Davis said. The twin announcements provoked jeers in Parliament as ...
Read More »Dual-nationality crisis claims eighth Australian lawmaker
Bloomberg A dual-citizenship crisis roiling Australian politics has claimed its eighth lawmaker, with independent Senator Jacqui Lambie resigning after revealing she contravened the constitution. “I probably should have been a bit smarter and checked that citizenship stuff,†Lambie, 46, told reporters in Canberra after it was confirmed she inherited British citizenship from her Scottish-born father. “I don’t know who feels ...
Read More »Surprise! Obamacare enrollment is rising
Donald Trump wants Obamacare to implode. That’s not a mischievous inference from his legislative misadventures; that’s a direct quote. “As I said from the beginning, let ObamaCare implode, then deal. Watch!†It’s thus somewhat surprising that on his watch, enrollment currently seems to be on track for its best year ever. In the first four days, 601,462 people signed up ...
Read More »Singapore’s property boom is missing a key ingredient
Singapore’s housing market is ticking all the right boxes for revival. Except one. Private residential prices are up, quarter on quarter, after almost four years of continuous declines. Land prices are rising, both in government tenders and in bids to redevelop old condos — an activity known as en bloc sales that has picked up to the point where it’s ...
Read More »Hail Masayoshi, fearless veterinarian for unicorns
A week ago, SoftBank Group Corp.’s Masayoshi Son was talking about walking away from his planned Uber investment. Son said he may instead invest in Uber Technologies Inc.’s biggest rival, Lyft Inc. If both stocks were publicly traded, one could imagine Uber plummeting, and Lyft rising. Most people saw those comments for what they were: a negotiating ploy by Son ...
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