July, 2019

• 24 July

  Apple seeks exclusion of Mac Pro parts from Trump’s tariffs

  

  Bloomberg Apple Inc has asked the Trump administration to exclude components that make up the forthcoming Mac Pro high-end desktop computer from import tariffs, weeks after planning to re-locate production of the line to China from Texas. The Cupertino, California-based technology giant is seeking relief from duties of 25 percent on key Mac Pro parts and accessories that go with ...

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• 24 July

  Uber drivers lose suit over ‘racist’ UK environmental fee

  

  Bloomberg A group of Uber Technologies Inc. drivers lost a London lawsuit where they said a new fee to operate in the city centre amounts to race discrimination. The drivers said London Mayor Sadiq Khan’s demand that they pay a congestion charge was unfair because it didn’t apply to the capital’s traditional black cabs. Most cab drivers are white, while ...

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• 24 July

  Thyssenkrupp under pressure as analysts see profit warning

  

  Bloomberg Thyssenkrupp AG Chief Executive Officer Guido Kerkhoff is facing mounting internal pressure to whittle down and restructure the company’s sprawling business portfolio as the supervisory board grows impatient at the slow pace of change at the crisis-hit conglomerate. Supervisory board members of the Essen, Germany-based engineering company are increasingly frustrated at the pace and depth of restructuring efforts for ...

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• 24 July

  Peugeot maker’s profit widens with SUV sales

  

  Bloomberg Peugeot maker PSA Group’s profit margin widened to a record in the first half of the year as the French carmaker cut costs and used the sale of more expensive models as antidotes to the deepening slump in the global auto industry. The company that also makes Citroen cars reported a first-half recurring operating margin of 8.7 percent at ...

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• 24 July

  PE firms killed 600,000 US retail jobs, says study

  

  Bloomberg Amazon.com, landlords who charge sky-high rents, brands that fail to adapt. The carnage in the retail industry has been blamed on all of them. Now Wall Street is being blamed too. Over the past decade, 597,000 US employees working for retailers owned by private equity (PE) firms and hedge funds have lost their jobs, while the sector as a ...

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• 24 July

  China says US ‘power politics’ undermines global stability

  

  Bloomberg China accused the US of undermining global stability, as the country released its first defense white paper since Chinese President Xi Jinping initiated a sweeping military overhaul in 2015. The paper titled “China’s National Defense in the New Era” — in a reference to a key Xi slogan — said that the US had provoked competition among major countries. ...

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• 24 July

  Libyan neighbours fear chaos to deepen West Africa instability

  

  Bloomberg The chaos in Libya, where strongman Khalifa Haftar has vowed to capture the capital from the internationally recognised government, is threatening to further destabilise its West African neighbours, Niger’s interior minister said. Several countries in the Sahel, a semi-arid region on the southern fringe of the Sahara desert, are already struggling to cope with extremist violence and a surge ...

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• 24 July

  Russia opposition leader detained amid vote standoff

  

  Bloomberg Russian police detained opposition leader Alexei Navalny as a standoff intensified over the authorities’ decision to bar prominent anti-government candidates from September elections in Moscow. Navalny has called for another major rally in front of the mayor’s office after he addressed the biggest protest in three years in the Russian capital on July 20, attended by more than 20,000 ...

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• 24 July

  ‘Germany must boost defense spending’

  

  Bloomberg Germany’s new defense minister said the country must boost defense spending and overhaul its military equipment, risking a fresh conflict in Chancellor Angela Merkel’s teetering coalition government. Annegret Kramp-Karrenbauer, Merkel’s heir-apparent as leader of the Christian Democratic Union, said after her swearing-in that she’ll insist on “reliable and continuous increases,” and that Germany will achieve a NATO-endorsed goal of ...

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• 24 July

  Salvini backs coalition, quelling breakup fears

  

  Bloomberg Deputy Prime Minister Matteo Salvini had everyone worried he would force the collapse of Italy’s government. Now he’s won concessions that have appeased him, at least for the moment. Premier Giuseppe Conte handed Salvini a victory with support for a high-speed Alpine rail link with France, a project the rightist League chief has championed in a long-running clash with ...

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