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UK plans Brexit cabinet without deal

Bloomberg The UK Cabinet will discuss Brexit on Tuesday, but Prime Minister Theresa May probably won’t ask ministers to approve the terms of a deal, according to a person familiar with the matter. The premier is likely to update ministers on the past two weeks’ of technical negotiations that have been taking place at a less senior level, the person ...

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Swedish speaker bets on opposition leader to break stalemate

Bloomberg The speaker of parliament said he will nominate opposition leader Ulf Kristersson as the prime minister candidate next week to break the gridlock that has gripped Sweden since its inconclusive election two months ago. At a press conference at parliament on Monday, Speaker Andreas Norlen said it’s important that the process is driven forward and that alternatives are tested ...

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US midterm votes vulnerable to cyber-attacks: Experts

Bloomberg US cybersecurity experts are bracing for possible attempts to attack the midterm election by Russia or another adversary hoping to engineer a disruption that casts doubt on the integrity of the vote. Interference may range from altering websites used by state and local election authorities, to spreading propaganda through social media, to hacking at polling places intended to complicate ...

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Diverging economies will keep driving markets

The divergence among economies, and the asset-price dispersion that has come with it, remains one of the key global issues for policy makers and investors this year. The phenomenon isn’t sufficiently appreciated, even though it has material impact on benchmark market relationships and leads to feedback loops between financial and economic influences. Yet it will continue to be important, defining ...

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Driverless cars and future of parking

Alphabet Inc. subsidiary Waymo got the green light to test its driverless vehicles in California, an expansion of the program currently underway in Arizona. Waymo’s minivans will be driving in a swath of Silicon Valley around its headquarters, an area the company says it knows well. If — or when — Waymo and other driverless-car operators expand into denser urban ...

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Credit Suisse fails to shrink to greatness

Credit Suisse Group AG CEO Tidjane Thiam likes to be clear about what he can and can’t control as he tries to turn around the Swiss bank. While he has been able to contain risk, slash costs and raise capital, top-line revenue is out of his hands, he told Bloomberg Television. The not-so-small catch for investors: Revenue is exactly where ...

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Why US share of global wealth keeps growing

There has been a lot of hand-wringing in recent years about the re-emergence of undemocratic regimes around the world and the collapse of the US-led global order established after the Cold War. The data in the Global Wealth Reports, published annually by Credit Suisse, could provide a clue to some of the economic dynamics underlying these trends. The reports track ...

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China has wrong medicine for endangered species

China’s decision to reverse a 25-year-old ban and allow trade, in ‘special cases,’ in products made from critically endangered tigers and rhinos provoked a predictable firestorm of criticism. China has sought to portray the move as a responsible way to regulate such goods: The goal is to produce a steady supply of things like rhino horns — used in traditional ...

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Tesla profit benefits from extra credit

Tesla Inc.’s quarterly SEC filing has arrived. And while there is much to read through, one thing that usually emerges quickly from these documents is exactly how much revenue was made from regulatory credits. To recap, Tesla gets the credits for selling electric vehicles and then sells them to other carmakers that manufacture traditional cars. The pattern of revenue from ...

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Twitter’s problem is bigger than the Like button

Speculation flew over the past day or so that Twitter was getting rid of its Like button. The social-media company quickly reassured the public that this was just one possible change among many being discussed as part of an internal dialogue about encouraging healthy conversation. But the mere fact that eliminating Like is being considered illustrates the problems with Twitter’s ...

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