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February 11, 2020 International News, Uncategorized
Bloomberg Amazon.com Inc has asked the US Court of Federal Claims to allow it to question President Donald Trump in its lawsuit challenging the loss of a highly lucrative cloud contract. In a court filing made public, Amazon asks to question Trump and top Pentagon leaders about their role in the Pentagon’s Joint Enterprise Defense Infrastructure (JEDI) cloud contract that ...
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February 11, 2020 Politics, Uncategorized
Bloomberg Prime minister Narendra Modi’s federal ruling party conceded defeat in a hard-fought state election for control of India’s capital Delhi, the most significant test of his popularity after his religion-based citizenship law led to widespread protests across the country. The incumbent Aam Aadmi Party (AAP), led-by chief minister Arvind Kejriwal, was set to retain power as it swept ahead ...
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February 11, 2020 Politics
Bloomberg New York sued the Trump administration over its plan to bar state residents from enrolling in the federal government Trusted Traveler programs like Global Entry, which allow pre-screened participants to breeze through airport passport and customs checks. The lawsuit against the US Department of Homeland Security was filed in federal court in Manhattan by New York Attorney General Letitia ...
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February 11, 2020 Politics
Bloomberg Pakistan’s government ignored criticism over the delay in evacuating its students from China and its lawmakers found unanimity in an otherwise divided parliament to praise its key economic partner and ally Beijing’s response to the novel coronavirus outbreak. The nation’s parliament unanimously adopted a resolution appreciating “the leadership of President Xi Jinping, who is a great friend of Pakistan, ...
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February 11, 2020 Politics
Bloomberg The Philippines has notified the US that it’s terminating a 22-year-old military agreement, which can be ended with 180-days notice, just hours after President Rodrigo Duterte said President Donald Trump was trying to save the deal. The notice to terminate the 1998 Visiting Forces Agreement — which sets the terms for joint exercises and engagement of American soldiers in ...
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February 11, 2020 Politics
Bloomberg US-led reconstruction efforts in Afghanistan since 2002 are linked to the deaths or injuries of more than 5,100 people in addition to more than $130 billion in financial costs, according to a new report on America’s longest war. Some 2,214 people were killed and another 2,921 wounded while taking part in reconstruction and stabilisation missions across the war-ravaged nation ...
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February 11, 2020 Politics
Bloomberg Ukraine is pressing Iran to send the so-called black box recorders from the Boeing Co plane that crashed after taking off from Tehran last month, Ukrainian foreign minister Vadym Prystaiko said. “The black box and cooperation with Tehran was the very difficult issue from the beginning and we will try to keep the message†focussed on recovering the data, ...
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February 11, 2020 Banking
Bloomberg The European Central Bank (ECB) has set out an ambitious timetable for its strategic review that could see a decision on whether to change its inflation goal by the summer, according to euro-area officials. Speaking on condition of anonymity because the process is confidential, the officials described a rushed agenda under President Christine Lagarde, who reached her 100th day ...
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February 11, 2020 Banking
Bloomberg China will allow local governments to sell another 848 billion yuan ($122 billion) of debt before March, as authorities seek to offset the economic shock of the coronavirus. The new quota includes 558 billion yuan of local government debt as well as 290 billion yuan of so-called special debt, according to a Ministry of Finance statement on Tuesday. The ...
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February 11, 2020 Banking
Bloomberg Mastercard Inc won approval to set up a bank card clearing business in China, gaining access to a $27 trillion payments market as part of the nation’s financial opening. The announcement by the People’s Bank of China (PBOC) on Tuesday signals the country is moving ahead with the speedier opening of its financial system that was agreed on as ...
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