June, 2019

• 11 June

  China’s car slump extends to a year

  

  Bloomberg China’s car sales declined for the 12th consecutive month, a historic slump that’s left manufacturers reeling as trade tensions and economic worries weigh on consumer sentiment. Retail sales of sedans, sport utility vehicles, minivans and multipurpose vehicles fell 12.5 percent to 1.61 million units in May, the China Passenger Car Association said. The unprecedented slide has hit local brands ...

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• 11 June

  India’s world-beating growth may not be so fast after all

  

  Bloomberg India’s statistics may have been painting a far rosier picture of economic growth than the more modest reality of the past decade. The nation has held the crown of the world’s fastest-growing major economy until recently, but a new study by former Chief Economic Adviser Arvind Subramanian says the expansion was overestimated between 2011 and 2017. Rather than growing ...

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• 11 June

  Salesforce to buy Tableau for $15.3 billion in data push

  

  Bloomberg Salesforce.com Inc., which makes America’s dominant sales-tracking software, agreed to buy Tableau Software Inc. in an all-stock deal valued at $15.3 billion that it said will help give customers more ways to analyse data. The acquisition of software maker will move Salesforce.com further away from its central business, marking a new era for the top seller of software for ...

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• 11 June

  Slack expects $600m in revenue this year

  

  Bloomberg Slack Technologies Inc. expects growing revenue and higher-than-usual losses in the second quarter, the period in which it’s expected to go public via a direct listing, the company said. Slack, which makes workplace chat and collaboration software, told investors it predicts it will lose $75 million to $77 million next quarter, including about $32 million in one-time expenses related ...

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• 11 June

  Uber rival Bolt relaunches in London after 2 years in exile

  

  Bloomberg Uber Technologies Inc. rival Bolt, formerly known as Taxify, has relaunched in London — nearly two years after its operating license was revoked by the city’s transit authority. The Estonian company, backed by Daimler AG and most recently valued at $1 billion, said it would compete in the UK capital by offering lower fares for riders, and by taking ...

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• 11 June

  Next recession could hit Canadians harder than Americans

  

  Bloomberg The recent yield curve inversion has renewed speculation about a potential North American recession and prompted questions about how a contraction would affect households. Though it’s impossible to say for certain when, or even if, such an event will occur, several indicators suggest the pain would be more severe on the Canadian side of the border than in the ...

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• 11 June

  Hong Kong braces for fresh strikes over extradition bill

  

  Bloomberg Hong Kong braced for rare strikes and further protests amid an escalating standoff over a controversial bill that would allow extraditions to mainland China. Local companies said they would suspend work or allow flexible office hours on June 12 to accommodate workers planning to demonstrate near the city’s Legislative Council, which will meet to debate amendments. The Hong Kong ...

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• 11 June

  Mali’s president urges end to revenge attacks after new massacre

  

  Bloomberg Mali’s President, Ibrahim Boubacar Keita, urged citizens to refrain from violence as his government scrambled to deal with the fallout from an attack that left scores of people dead and raised the specter of widespread civil conflict. Extremist insurgencies that have plagued the impoverished West African nation for seven years are increasingly stoking tension between farming communities and groups ...

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• 11 June

  US bulks up Coast Guard to take on China fleet

  

  Bloomberg The US Coast Guard is touting increased operations in the Western Pacific, thousands of miles from American shores, as China’s coast guard and civilian fishing militias increasingly assert the country’s territorial claims. A presence in the South China Sea and elsewhere will help enforce the sovereignty of partner nations in the disputed waters, US Coast Guard Pacific Area Commander ...

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• 11 June

  Moldova’s new premier  warns incumbent against new Venezuela

  

  Bloomberg Moldova’s newly declared Prime Minister Maia Sandu said her decision to form a parallel government in the former Soviet Republic is perilous and urged the former ruling party still claiming power not to turn the country into a second Venezuela. Speaking from Chisinau, the 47-year-old former World Bank adviser insisted that her administration will be wholly pro-European even though ...

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