Bloomberg China said violent protests in Hong Kong wouldn’t be tolerated, its most high-profile response to unrest rocking the city after a chaotic weekend of unrest illustrated the government’s struggles in quelling a leaderless, unpredictable and widespread movement. The Hong Kong and Macau Affairs Office, which answers to China’s cabinet, reaffirmed its support for the city’s government and police in ...

Bloomberg Russian opposition leader Alexey Navalny may have been exposed to “an unknown chemical substance” in prison that caused a severe allergic reaction for which he was hospitalised, according to his doctor, Anastasia Vasilieva. Navalny, 43, was taken by ambulance to a Moscow city hospital for what his spokeswoman, Kira Yarmysh, said was a major allergic reaction, something she said ...

Bloomberg Efforts to secure safe passage through the Strait of Hormuz are ramping up as the UK said a second warship arrived in the area and South Korea may deploy its own unit as part of a multinational force. Tensions have flared in the strait in recent weeks as Iran pushes back against US sanctions that are crippling its oil ...

Bloomberg Iran doesn’t think the US is seeking talks or an agreement with the Islamic republic, Abbas Mousavi, a spokesman for the Foreign Ministry in Tehran, said days after Secretary of State Michael Pompeo expressed willingness to travel to Tehran to address the Iranian people. This is a “defensive move” by American officials in response to Foreign Minister Mohammad Javad ...

Bloomberg Days after being named chief of Venezuela’s feared SEBIN intelligence agency last fall, General Manuel Ricardo Cristopher Figuera was called in by President Nicolas Maduro and asked where the enemy was. “I don’t understand the question, sir,” Figuera says he responded. “I want a report every two hours of what the political opposition is doing,” Maduro replied, listing some ...

It’s a done deal. Almost everyone, or so it seems, believes the Federal Reserve will cut short-term interest rates at next meeting when its main decision-making body meets. President Trump favours lower rates. So do many economists, including some fierce Trump critics. Similarly, Fed Chairman Jerome “Jay” Powell says the Fed wants to sustain the economic expansion. Finally, Wall Street ...

After a horrid start to the year, UBS Group AG Chief Executive Officer Sergio Ermotti finally got some relief. Switzerland’s biggest bank posted its best second quarter results under his watch. Unfortunately, the likelihood that the stars will remain aligned is remote. At $1.4 billion, net income in the three months through June was the highest since 2010, comfortably beating ...

Nokia Oyj started as a single paper mill in 1865. In recent years, it’s the stock that has been through the mill, as the maker of telecommunications equipment has ebbed and soared with each burst of spending on next generation mobile networks. Chief Executive Officer Rajeev Suri has steadily toiled away to drag the Espoo, Finland-based company through to the ...

Things aren’t so desperate for Huawei Technologies Co. after all.Just over a month ago we were told that the Chinese electronics giant was hunkering down for a drop of as much as 60 million units in overseas handset shipments this year. That was quite a blow, I wrote at the time, considering that consumer devices accounted for 45 percent of ...

Annegret Kramp-Karrenbauer, the likely successor of Chancellor Angela Merkel, took over as Germany’s defense minister. In a speech to parliament outlining her priorities, AKK, as she is known, said she would “hold fast” to the goal of increasing country’s defense spending to 2 percent of economic output — but that Germany would aim to attain military spending of 1.5 percent ...