Bloomberg Russia’s Federal Security Service detained a US citizen in Moscow on suspicion of espionage on December 28, Interfax news agency reported. The investigation department of the FSB, as the domestic security service is widely known, started a criminal case and investigations are underway, Interfax said, citing the FSB. It didn’t provide any details on where the person was being ...

Bloomberg Prime Minister Narendra Modi is studying three options, including a cash handout for farmers, people with knowledge of the matter said, as his administration seeks to ease an agrarian distress and shore up popular support ahead of next year’s general election. The government is weighing options including a monthly income support programme for farmers, a cash handout plan for ...

Bloomberg The UK is in need of leadership, US Ambassador to London Woody Johnson said, as he also cast doubt on the chances of a bilateral trade deal if Prime Minister Theresa May manages to push her Brexit agreement through Parliament. “I’m feeling the country is in need of leadership,” Johnson said on Monday in a BBC Radio interview. “You ...

Bloomberg The Democratic Republic of Congo counted ballot papers on Monday after an election that the opposition described as chaotic and flawed, with problems ranging from broken voting machines to delays and vote-buying. Congolese went to the polls on Sunday to find a successor to long-serving President Joseph Kabila in a vote that was already two years overdue, with Kabila’s ...

Bloomberg US stocks rose, paring a December slump that is among the worst in history, after President Donald Trump reported “big progress” in trade talks with his Chinese counterpart. Treasuries slipped and oil erased gains. The S&P 500 trimmed its monthly loss to 9 percent, the steepest of the record bull market, as Trump said in a tweet that negotiations ...

Bloomberg The yen is set to end the year as the biggest winner against the dollar among major currencies as investors sought out safety amid 2018’s uncertainties. The haven asset outperformed as the pound and euro faced headwinds from Brexit and Italy’s budget crisis, while the US-China trade war and plunging oil prices pressured commodity-related peers such as the Canadian ...

DUBAI / Emirates Business Travel to and from Dubai is expected to reach another peak towards the end of this week, as Emirates anticipates yet another busy period of outbound travel after New Year’s celebrations and inbound travel for the Dubai Shopping Festival. More than 180,000 travellers will be making their way to Emirates’ dedicated Terminal 3 facilities from January ...

Bloomberg Hold the ground chuck: Nestle SA sees the future in a meat-free burger made from soy and wheat protein. Soon you may be able to wash it down with purple walnut milk or a spirulina latte. The Swiss company is gearing up for its biggest push yet into the booming vegan market: the Incredible Burger, to be introduced under ...

Bloomberg Dick’s Sporting Goods is choosing to end its partnership with the United States Olympic Committee when their contract expires this month, a decision that comes as Team USA continues to deal with fallout from the a scandal surrounding former gymnastics doctor Larry Nassar. The company cited “a new investment focus” in a statement and didn’t mention Nassar. The decision ...

Bloomberg It’s been a big year for the companies that sell coffee, but not so much for the growers that supply them. That could start to change in 2019. Historically low prices for coffee beans in 2018 will likely reduce the incentive for farmers to expand supplies, said Rodrigo Costa, the US-based coffee director for Brazilian trading company Comexim. That ...