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Greece’s two biggest projects worth $12.8bn stall

Bloomberg Two of Greece’s biggest projects—together valued at about $12.8 billion— have stalled on bureaucratic and legal wranglings, raising questions about the country’s ability to draw investments it desperately needs for an economic recovery. Lamda Development, which is managing the Hellinikon site, the biggest real estate investment in country, said that Greece’s efforts to go back on terms already agreed ...

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UK environment secretary promises green Brexit

Bloomberg The UK government plans to create an independent environmental standards watchdog for England after Brexit, according to Environment Secretary Michael Gove. A consultation on the powers and scope of the body will be started early next year, the Department for Environment, Food & Rural Affairs said. With policies set out in full only in the EU treaties, environmental decisions ...

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Russia meddling: Trump backs intelligence agencies

Bloomberg US President Donald Trump once again waded into the controversy of whether he thinks Russia meddled in last year’s election, saying on Sunday that he believes “very much in our intelligence agencies.” A day earlier, the US leader said that Vladimir Putin believed he didn’t interfere, prompting questions about whether Trump actually took the Russian president at his word. ...

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‘Turkey expects justice in US, not prisoner swaps’

Bloomberg Turkey is expecting justice from the US, not a political arrangement to exchange prisoners held by each country, Prime Minister Binali Yildirim said after a trip to Washington to meet with Vice President Mike Pence. “It’s not very ethical to do political bargaining on legal issues,” Yildirim said in an interview with Bloo-mberg at the Turkish consulate in New ...

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Japan’s Abe meets Taiwanese lawmaker hours after Xi warning

Bloomberg Japanese Prime Minister Shinzo Abe held a meeting with a Taiwanese politician on Sunday, hours after Chinese President Xi Jinping warned him not to break with past consensus on what Beijing regards as a renegade province. Abe held a 30-minute meeting with James Soong, head of the People First Party on the sidelines of the Asia-Pacific Economic Cooperation summit ...

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Aussie lawmaker resigns over dual-citizenship fiasco

Bloomberg One of Australian Prime Minister Malcolm Turnbull’s lawmakers resigned from parliament, saying he may be a dual citizen, leaving the government at least temporarily in minority status. John Alexander, speaking to reporters, said it’s possible he also holds British citizenship through his father. “Therefore it is my obligation that I must resign,” the 66-year-old said in Sydney. The citizenship ...

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Report says 40 MPs signal no confidence in May

Bloomberg Embattled UK Prime Minister Theresa May faced a fresh challenge as the Sunday Times said 40 Conservative members of Parliament, nearly enough to trigger action, have agreed to sign a letter of no confidence in her. May’s opponents are now eight lawmakers short of what’s needed for a leadership challenge, the newspaper said, citing people with knowledge of the ...

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The radiating mischief of protectionism

What a tangled web we weave when first we practice to deceive ourselves into believing that corporate welfare can be seemly. Consider the caper, both amusing and depressing, that began when mighty Boeing sought protection behind the skirts of the US Department of Commerce. Boeing, America’s 39th largest corporation by market capitalisation (over $150 billion) and 24th by revenues ($94.6 ...

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Beijing could fell Hong Kong’s bull market in one swoop

Chinese investors are piling into Hong Kong stocks again, but they’re being choosy, treating two peas from the same pod in different ways. Mainland investors have snapped up some $2.5 billion of shares in Industrial & Commercial Bank of China Ltd. over the past two weeks, Shanghai-Hong Kong connect data show, helping to push the lender’s stock in the city ...

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