Bloomberg Prime Minister Theresa May will make the case for Britain remaining a powerful player in the world after last month’s vote to leave the EU. The premier will use her first appearance in parliament since succeeding David Cameron to argue for renewing the Trident nuclear-weapons system after a weekend in which the team overseeing the divorce from the ...
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Kenya may ink EU trade deal alone as Brexit spooks African neighbours
Bloomberg Kenya may abandon 10 years of negotiating a trade deal with the EU as part of the regional East African Community bloc and go it alone, to avoid having duties of as much as 30 percent slapped on its exports from October. A so-called Economic Partnership Agreement between Kenya, Uganda, Tanzania, Rwanda and Burundi and the EU is ...
Read More »Ruble climbs as Turkey drives flows to Russia
BLOOMBERG The ruble extended last week’s rally as exporters bought the currency to pay local dividends and taxes, while some traders speculated that the coup attempt in Turkey will spur investors to seek alternatives in the Russian market. The currency increased 0.7 percent to 63.10 by 12:03 p.m. in Moscow, taking its gain this year to 17 percent, the ...
Read More »Swiss get EU immigration vote do-over some Britons hope for
Bloomberg The Swiss may have a trick up their sleeves for smoothing relations with their neighbours that the British don’t. The country of 8 million at the heart of Europe will get the chance to hold a second plebiscite on EU immigration, after a 2014 vote that jeopardizes its current arrangement with the bloc. That’s what some in the ...
Read More »Exxon’s $2.5 billion bid for PNG’s InterOil tops Oil Search offer
Bloomberg Exxon Mobil Corp. is doubling down on Papua New Guinea, topping a rival offer for InterOil Corp., a gas explorer focused on the Southeast Asian nation. The energy giant’s offer values InterOil at $2.5 billion, including debt, beating an earlier bid from Oil Search Ltd. and Total SA. Exxon already runs Papua New Guinea’s only liquefied natural gas ...
Read More »Gold, Trump & rates: Bank that foresaw rally flags $1,500
Bloomberg Gold is in a major bull market and may surge to more than $1,500 an ounce as low interest rates buoy demand and the U.S. presidential election looms, according to DBS Group Holdings Ltd., which foresaw this year’s rally and is now advising investors to buy any declines. “Gold has seen four major bull markets since 1970: this ...
Read More »Venezuelans pour into Colombia again as border reopens
San Antonio del Táchira / AFP Tens of thousands of Venezuelans again streamed into the Colombian city of Cucuta, taking advantage of the temporary reopening of a long-closed border to buy food and medicine due to shortages at home. Border crossings over two international bridges were opened in the early morning hours without restrictions, although identity cards were checked. ...
Read More »Brent crude fails to extend gain as Turkey oil flows continue
Bloomberg Brent crude held below the highs reached following a failed coup in Turkey last week as shipments continued through the vital conduit for oil from Russia and Iraq to the Mediterranean Sea. Futures were little change in London, below levels touched on Friday as the coup raised concern about potential disruptions. Oil tankers are loading and unloading cargoes ...
Read More »Nepal’s rustic sees road to vogue
Lo Manthang / AFP A Himalayan Shangri-La that was closed to visitors until 1992, the former Buddhist kingdom of Upper Mustang in Nepal is facing unprecedented change as a new highway brings modernity to the roof of the world. Kerosene lamps have given way to solar panels, denim sneakers have replaced hand-stitched cowhide boots and satellite dishes are taking ...
Read More »The dual ‘goals’ of students in Ghana
Ghana / AFP Patience Kum strides across the training pitch of the Right to Dream academy, a football centre of excellence nestled in the Ghanaian countryside, and welcomes visitors with an assured handshake. The 14-year-old managed to convince her mother she should go to the school some 100 kilometres (60 miles) east of the capital Accra, because it teaches ...
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