Bloomberg Oracle Corp is named in a lawsuit alleging the company’s executives lied to shareholders when they explained why cloud sales were growing. The investor leading the case, the City of Sunrise Firefighters’ Pension Fund, claimed Oracle engaged in coercion and threats to sell its cloud-computing products, creating an unsustainable model that fell apart, according to the suit seeking class-action ...

Bloomberg The pound stayed close to a more than one-year low against the dollar after data showing accelerating economic growth were offset by concerns about a no-deal Brexit. Sterling was set for its fifth week of declines — its longest losing streak since January 2015 — amid continued fears that the divorce negotiations between the UK and the European Union ...

Bloomberg Microsoft Corp. threatened to suspend web-hosting services it provides to Gab.ai after getting a complaint about anti-Semitic posts on the social-media site, a new twist in the technology industry’s controversial crackdown on hate speech. Microsoft’s Azure cloud-computing division said it would take action in two business days if Gab didn’t remove two posts that prompted the complaint about “malicious ...

Bloomberg From the big screen to the snack aisle, American companies plan to hike prices as their input costs creep higher. It’s a sign that businesses have faith consumers will keep shopping even as products become more expensive. And that belief in pricing power, showcased on earnings calls and presentations during the week of August 6-10, could signal a turning ...

Bloomberg Three months after sweeping to power in Armenia’s peaceful “velvet revolution,” Prime Minister Nikol Pashinyan is waging an unprecedented campaign against corruption that’s unnerved Russia and got political opponents crying foul. Arrests have reached people previously considered untouchable in Armenia including ex-President Robert Kocharyan, who’s accused of subverting constitutional order during deadly clashes a decade ago, and relatives of ...

Bloomberg Israeli soldiers shot dead a Palestinian paramedic who was tending to casualties at an anti-Israel protest in the Gaza Strip, a Gaza Health Ministry official said. Abdullah al-Qutati was the second medic killed in the field by Israeli forces since a campaign of protests began in Gaza on March 30. In all, nearly 160 Palestinians have been shot dead ...

Bloomberg China may be holding as many as one million members of its Muslim Uighur minority in “re-education” camps in its western region of Xinjiang, according to United Nations human rights experts. Speaking in Geneva on August 10 during the opening session of a two-day review into China’s policies, Gay McDougall, a member of the United Nations Committee on the ...

Bloomberg In the runup to the resumption of US sanctions against Iran, the country’s beleaguered president, Hassan Rouhani, got stern directives from a few corners of the Islamic Republic. Iran’s Supreme Leader, Ali Khamenei, urged him to deal with corruption. The powerful Revolutionary Guards commander told him to focus on Iran’s slumping currency, the rial, while a sizable chunk of ...

Bloomberg Chile is fast ditching its reputation as South America’s most conservative and Catholic country, with lawmakers now discussing whether to make it the second nation in the region to legalise euthanasia. Less than a year after allowing abortion in some cases, a commission of the Chamber of Deputies approved a bill that would permit euthanasia for the terminally ill ...

Bloomberg The main partner of Ivory Coast President Alassane Ouattara ruling coalition said it is withdrawing from the group, marking the culmination of growing tensions between political blocs as the country prepares to hold presidential elections in 2020. Former President Henri Konan Bedie’s Democratic Party of the Ivory Coast is opting out of Ouattara’s Rally of Houphouetists for Democracy and ...