July, 2019

• 16 July

  Death threat led police to missile seizure: Salvini

  

  Bloomberg Deputy PM Matteo Salvini said that a probe into a plot by Ukranians to kill him led to the seizure of an air-to-air missile in the northern city of Turin. Police detained an alleged neo-Nazi and two other suspects in an investigation into weapons trafficking that uncovered the missile, authorities said in a statement. “The secret services alerted me ...

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• 16 July

  Like it or not, Democrats, Donald Trump is on a roll

  

  The agonizing fact for Democrats this summer is that President Trump appears to be gaining ground on domestic and foreign policy, while his potential challengers are quarreling and mostly spinning their wheels. Trump is defying Congress, taunting allies and ignoring court rulings he doesn’t like — and seemingly getting away with it. Thursday’s anticipated executive order adding a citizenship question ...

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• 16 July

  Brexit investors shun UK assets

  

  Since the UK decided more than three years ago to leave the European Union, the nation’s savviest investors have succeeded by putting their money where Brexit matters least. Uncertainty about the date of Britain’s departure (now pushed back to October 31) and the terms of the divorce has meant purging the UK from their holdings or limiting them to investments ...

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• 16 July

  South Korea birthrate collapse to hit growth

  In 1960, South Korea had a total fertility rate of more than six children per woman, high enough to cause a population explosion. But as the country developed, this number dropped decade by decade: A country needs a fertility rate of about 2.1—a little more than one child per parent — to maintain long-term population stability. South Korea’s fertility is ...

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• 16 July

  China’s private firms still not getting enough credit

  China’s new GDP numbers show that the world’s second-biggest economy is growing more slowly than at any time since the early 1990s. Chinese leaders know what they need to do to arrest the slide: pump more credit into private companies, which generate the majority of jobs and growth. The fact that growth isn’t picking up regardless of their efforts would ...

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• 16 July

  US antitrust boss is playing kingmaker in T-Mobile deal

  

  Bloomberg Makan Delrahim, the US Justice Department’s antitrust chief, is trying to shape a deal combining T-Mobile US Inc and Sprint Corp that he can pitch as a win for consumers. Here’s how he may do it. If the $26.5 billion deal is approved, it’s likely to include conditions that give satellite TV provider Dish Network Corp enough airwaves, prepaid ...

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• 16 July

  Telenor shares drop as stalling revenue growth cuts outlook

  

  Bloomberg Telenor ASA, Norway’s state owned carrier and biggest operator in the Nordic region, slid as much as 4.4 percent after its earnings dropped in the second quarter and it cut its full-year outlook amid increased competition in its key markets. The company posted earnings before interest depreciation and amortisation of 11.1 billion kroner ($1.3 billion), missing an estimate of ...

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• 16 July

  Amazon faces probe as EU antitrust chief plans summer finale

  

  Bloomberg Amazon.com Inc is to be investigated by the European Union as the bloc’s antitrust chief Margrethe Vestager prepares for a summer finale to her five-year crackdown on US technology giants. The Dane, who heads the EU’s competition division, is poised to open a formal investigation into Amazon within days, according to two people familiar with the case, who asked ...

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• 16 July

  Britain wages rise at fastest pace since 2008 in tight labour market

  

  Bloomberg UK wages grew at the fastest pace in 11 years in the three months through May and unemployment remained at its lowest rate since the mid-1970s. Average earnings excluding bonuses rose 3.6 percent, the Office for National Statistics said on Tuesday. The number of people in work rose 28,000 to a record high, leaving the jobless rate at a ...

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• 16 July

  UK guarantees Jaguar loans after pledge to make electric vehicles

  Bloomberg Jaguar Land Rover Automotive Plc won a 500 million-pound ($626 million) loan guarantee from the UK government, just over a week after announcing a new range of electrified cars will be made at a plant in central England. The guarantee to JLR by the UK Export Finance agency was granted to support the design, manufacture and export of electric ...

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