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Trump warns Iran’s Rouhani ‘never, ever threaten the US’

Bloomberg US President Donald Trump launched a new broadside against Iran, warning of unspecified “consequences” if Hassan Rouhani continues threatening America. In a Twitter post, Trump said, “To Iranian President Rouhani: Never, ever threaten the United States again or you will suffer consequences the likes of which few throughout history have ever suffered before. We are no longer a country ...

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Ethiopia PM calls for a multiparty democracy

Bloomberg Ethiopia has “no option” but to open up its politics for multiparty democracy in order to secure lasting progress, Prime Minister Abiy Ahmed said. Ahmed spoke while meeting in the capital of Addis Ababa with nearly 50 political parties, including four from overseas, “who demanded reform to include election laws,” Fitsum Arega, the prime minister’s chief of staff, said ...

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Malaysian PM aims to lower voting age

Bloomberg Malaysia’s youth are likely to get more power after backing 93-year-old Mahathir Mohamad to topple a regime that ruled the Southeast Asian nation for six decades. Malaysia is “very serious” about reducing the voting age to 18 before the next elections due by 2023, Youth and Sports Minister Syed Saddiq Syed Abdul Rahman, 25, told Bloomberg in an interview ...

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UK says won’t blink first on Brexit, EU must back down

Bloomberg British Foreign Secretary Jeremy Hunt said the UK will not “blink” in Brexit negotiations, as he warned the European Union it risks forcing the country to crash out of the bloc with no deal. On his first trip to Berlin since he replaced Boris Johnson earlier this month, Hunt appealed for more flexibility from his European counterparts as time ...

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‘Immigration and the border’ are tough issues for Trudeau

Bloomberg Justin Trudeau’s latest headache is unusual for a country bounded by three oceans and just one neighbour: the border. Canada has seen a steady flow of asylum seekers since Donald Trump’s election, with people who fear the US will deport them or reject their bids for asylum crossing the 4,000-mile undefended border and filing a claim. While the total ...

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G-20 meet: Europe shows unity in confronting US trade policy

Bloomberg Finance chiefs from the world’s leading economies met in Buenos Aires at the weekend as trade tensions threaten to undermine the fastest growth in seven years. Finance ministers and central bank chiefs met after US President Donald Trump accused Beijing and the European Union of gaming their currencies to boost exports. He also attacked the US Federal Reserve for ...

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‘Trade tensions threaten global economic growth’

Bloomberg Trade tensions threaten global growth as the engines of leading economies fall out of sync, the world’s top finance chiefs warned. Global growth remains robust and many emerging-market countries are better prepared to face crises, but risks to the world economy have increased, finance ministers and central bankers from the Group of 20 nations said in a statement published ...

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France’s Atos to buy US IT giant Syntel in $3.4bn deal

Bloomberg Atos SE agreed to buy Syntel Inc. for about $3.4 billion in a cash deal that would give the French computer-services company access to large US financial customers including American Express Co. and State Street Corp. Bezons, France-based Atos will pay $41 a share for the US information technology firm, the companies said in a joint statement. The per-share ...

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UK seeks electric vehicle charging fund manager

Bloomberg The UK Treasury began its search for a manager to oversee a new 400 million-pound ($526 million) fund that will encourage drivers to switch to electric vehicles (EV) by building charging infrastructure. The Charging Infrastructure Investment Fund manager will be tasked with raising 200 million pounds from the private sector to match the same amount of money set aside ...

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Tesla asks suppliers for refunds to help profit

Bloomberg Tesla Inc. asked some suppliers to return a portion of its payments to them in an attempt by the electric-car maker to turn a profit, the Wall Street Journal reported, citing a memo sent to a supplier last week. The company, whose eroding cash position has alarmed investors, requested a “meaningful” amount of payments made since 2016 to be ...

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