June, 2019

• 12 June

  UK pledges net zero fossil fuel pollution in first for G-7

  

  Bloomberg Britain is to become the first major economy to adopt laws that require a cut in fossil-fuel emissions to zero by 2050 to fight climate change. Prime Minister Theresa May said legislation to wipe out the UK’s net contribution to rising global temperatures will be put to members of Parliament, endorsing a report from advisers that laid out what ...

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• 12 June

  KKR offers $7.7bn to buy out Axel Springer’s minority shareholders

  Bloomberg KKR & Co. is seeking to buy out minority shareholders of Axel Springer SE in a deal that would value the German publisher at about 6.8 billion euros ($7.7 billion). KKR offered to pay 63 euros a share in cash — a 13 percent premium over close and about 40 percent more than the price before Bloomberg reported the ...

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• 12 June

  Dassault to acquire Medidata in $5.7b health data push

  

  Bloomberg Dassault Systemes SE, a maker of industrial design software, agreed to buy Medidata Solutions Inc. for $5.7 billion to gain a foothold in the fast-growing market for clinical trial technology. The deal pushes the French company further beyond its design roots into data processing and business analysis. Medidata’s software analyses pharmaceutical and biotech trials for some of the world’s ...

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• 12 June

  VW exits self-driving alliance with Aurora

  Bloomberg Volkswagen AG ended a self-driving technology partnership with Silicon Valley startup Aurora Innovation Inc. as it draws closer to a broader collaboration on autonomous cars with Ford Motor Co. “The activities under our partnership have been concluded,” a VW spokesman said of its alliance with Aurora in a statement. The German manufacturer announced the tie-up with Aurora to develop ...

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• 12 June

  Europe fears factory slump will infect rest of economy

  

  Bloomberg European industry is in trouble and there’s a risk it will infect other parts of the economy, deepening the slowdown that’s already left the region fragile. Concern is growing in markets and even at the European Central Bank that the services sector won’t be able to withstand a broader manufacturing slump. That would undermine jobs growth and domestic demand, ...

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• 12 June

  Ramaphosa called to answer claims in S African graft probe

  

  Bloomberg South African President Cyril Ramaphosa has until June 21 to answer anti-graft ombudsman questions after being implicated in a probe into a donation his campaign received from a company linked to a bribes scandal. The rand fell. Ramaphosa received notification about the preliminary outcome of the investigation, which will be finalised once he has responded, Busisiwe Mkhwebane said in ...

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• 12 June

  Kazakh leader calls for dialogue, new protests planned

  

  Bloomberg Kazakhstan’s new president called for dialogue with protesters after police arrested hundreds of people demonstrating against his election and opposition groups called for rallies to continue. Former Senate leader Kassym-Jomart Tokayev dominated the presidential ballot, taking 71 percent of the vote to cement a transfer of power by Nursultan Nazarbayev, who had ruled the country since before the collapse ...

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• 12 June

  Trump plans Poland troop announcement

  

  Bloomberg President Donald Trump plans to make an announcement on US troop commitments in Poland after discussions about establishing a military base that the country’s president has dubbed “Fort Trump.” The announcement will come as Polish President Andrzej Duda meets with Trump at the White House, according to administration officials. The officials, who briefed reporters on condition of anonymity, wouldn’t ...

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• 12 June

  Argentine president boosts re-election bid

  

  Bloomberg Mauricio Macri, Argentine president, kickstarted his re-election bid with a surprise running mate that shakes up the nation’s political alliances before the October vote. Macri chose Senator Miguel Pichetto, one of his critics and a moderate opposition leader, to be his vice presidential candidate. The move boosts Macri’s odds of winning, but analysts say it’s also an admission that ...

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• 12 June

  With Trump’s blessing, Japan aims to mend ties with Iran

  

  Bloomberg Japanese PM Shinzo Abe, a rare friend of both President Donald Trump and Iran’s leaders, set off for Tehran with the daunting task of bridging a divide that could plunge the region into renewed chaos. Abe’s visit comes as the US has given scant indication it’s ready to ease sanctions it reimposed after abandoning a 2015 accord meant to ...

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