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WPP embarks on a new journey without Sorrell at the helm

London / Reuters WPP, the world’s biggest advertising company, entered uncharted territory on Monday without its founder Martin Sorrell whose departure has left it rudderless at a time of swirling industry change. Shares in the group fell 4 percent after Sorrell, the driving force behind 33 years of dealmaking and relentless expansion, stepped down after the board investigated an allegation ...

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Syria strikes lock US, Russia into new era of animosity

Bloomberg A few weeks ago, Donald Trump invited Vladimir Putin to meet — maybe even at the White House. After US-led missile strikes in Syria, the two nations’ officials can’t get into the same room without insulting each other. Speaking at an emergency session of the United Nations Security Council, hours after the US, France and the UK launched missiles ...

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May agrees to hold Parliament debate on UK attack on Syria

Bloomberg Theresa May has conceded that lawmakers should have a retrospective debate — and possibly a vote — on her decision to take part in the bombing of Syria with the US and France. After the British prime minister and Foreign Secretary Boris Johnson both said that there was no need for such a vote, May’s office said that she ...

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Merkel’s struggle to get Trump’s ear leaves Berlin sidelined

Bloomberg Chancellor Angela Merkel’s attempts to engage President Donald Trump just got harder. Trump lavished praise on the UK and France at the weekend “for their wisdom and the power of their fine Military,” after they joined the US in hitting Syrian targets. All Merkel earned was US criticism for not taking part. “Germany should have joined this P3 group, ...

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‘Morally unfit’ Trump at risk of Russian blackmail

Bloomberg Donald Trump is “morally unfit” to be president, former FBI Director James Comey said in a highly anticipated prime-time interview, adding that he couldn’t rule out the possibility that the Russian government has incriminating information about the president. “I think it’s possible. I don’t know,” Comey said in an interview with ABC News’ Chief Anchor George Stephanopoulos, when asked ...

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China, Japan vow to push North Korea to quit nukes

Bloomberg The foreign ministers of China and Japan agreed to work closely to push North Korea to abandon its nuclear programme, in the latest sign of improved cooperation between Asia’s two largest economies. “To get North Korea to abandon its nuclear weapons and missiles in a complete, irreversible and verifiable way, we agreed we must enforce the relevant Security Council ...

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Greece PM fights challenges

Bloomberg Consider what Greek Prime Minister Alexis Tsipras is up against. As Greece prepares to free itself from an eight-year European bailout, its 43 year-old premier is confronting challenges at home and abroad. On the domestic front: preparations for post-bailout economic life and the first general election since the end of the program, including feuds with both allies and rivals. ...

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Bombardier Global 7000 claims crown as longest-range luxury jet

Bloomberg Bombardier Inc. is extending the range of its marquee business jet to 7,700 nautical miles, unseating the Gulfstream G650 as the long-distance champ of the private-aircraft industry. The 300-mile improvement for the Global 7000 means the plane will be able to whisk passengers from New York to Hong Kong, or Singapore to San Francisco, Bombardier said in a statement. ...

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China tariffs on US business jets offer no clear boost to rivals

SHANGHAI / Reuters China’s planned tariffs on US business jets may do little to buoy rivals despite concerns the moves could create an unequal playing field in the fast-growing China market, aviation executives said in Shanghai. China announced retaliatory tariffs against key US imports, among which is a proposed 25 percent tariff on US aircraft with an “empty weight” of ...

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Norwegian Air CEO Kjos rejects British Airways owner’s advance

Bloomberg Norwegian Air Shuttle ASA CEO and co-founder Bjorn Kjos said the discount carrier being pursued by rival IAG SA isn’t for sale, reiterating a stance long held by the former fighter pilot who has a 27 percent stake. “I haven’t thought about selling at all” even though many companies have shown interest in acquiring Norwegian Air, Kjos said. Having ...

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