May, 2019

• 7 May

  Vodafone seeks EU nod for German deal with Telefonica offer

  

  Bloomberg Vodafone Group Plc is seeking to address the European Union concerns over its 18.4 billion-euro ($20.6 billion) bid for Liberty Global Plc’s cable assets by offering rival Telefonica SA wholesale access to its entire German cable network. The Spanish company’s local unit Telefonica Deutschland would be able to use the combined Vodafone and Unitymedia high-speed network across Germany under ...

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• 7 May

  BMW profit down for first time in a decade

  

  Bloomberg BMW AG’s automotive division swung to a loss for the first time in a decade as car prices slumped and a legal provision over alleged collusion ballooned to 1.4 billion euros ($1.6 billion). Excluding the set-aside, earnings at the carmaker’s main unit fell by 42 percent to 1.1 billion euros in the first quarter. Price competition in some markets ...

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• 7 May

  DSM raises 2019 outlook on growth into nutrition market

  

  Bloomberg Royal DSM NV bucked a downward trend in the chemical industry by raising 2019 guidance as the Dutch company beat profit forecasts following growth in nutrition and healthcare markets. The maker of vitamins and dietary supplements sees earnings increasing by close to 10 percent this year, dropping the lower end of its previous guidance range. Adjusted earnings before interest, ...

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• 7 May

  Mexico border delays weigh on US investment, factories

  

  Bloomberg More cargo from Mexico to the US is being held up at the border, accompanied by increasing evidence that such delays are dimming prospects for American companies. Slower trade between the countries since federal border officers were recently redirected to deal with a surge in migrants has been socking businesses with additional shipping costs. The effects will likely cause ...

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• 7 May

  Weapons tested by Kim could strike deep into South Korea

  

  Bloomberg The weapons North Korea launched travelled into the stratosphere and flew at a distance long enough to strike deep into South Korean territory, according to a South Korean assessment. South Korea’s Joint Chiefs of Staff did not indicate what was fired off of North Korea’s east coast and into the sea, but experts believe at least one ballistic missile ...

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• 7 May

  At least 31 dead in South Sudan wildfire

  

  Bloomberg A wildfire engulfed three villages in the northwest of war-torn South Sudan, killing at least 31 people and destroying homes and livestock, a regional official said. Some 68 others were injured in the inferno that began in Korok county, part of Lol state, according to local Information Minister Mathok Wal. The cause of the fire. which was spread by ...

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• 7 May

  Pompeo cancels Berlin visit, cites ‘pressing issues’

  

  Bloomberg US Secretary of State Michael Pompeo cancelled a visit to Berlin on Tuesday at short notice, citing “pressing issues” that forced him to pull out of talks with Chancellor Angela Merkel and Foreign Minister Heiko Maas. “We look forward to rescheduling this important set of meetings,” State Department spokeswoman Morgan Ortagus said, without elaborating on the nature of the ...

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• 7 May

  Maduro must be at negotiating table to fix Venezuela: Cuba

  

  Bloomberg Cuba is willing to help negotiate a peaceful end to Venezuela’s political crisis if President Nicolas Maduro requests it, one of Havana’s top diplomats said. The so-called Lima Group of nations sought to enlist the communist-run Caribbean island in brokering a solution to the standoff last week after opposition leader Juan Guaido’s attempt to overthrow the embattled president failed. ...

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• 7 May

  Merkel’s protege fails to garner support

  

  Bloomberg Five months after Angela Merkel handed over the reins as her party’s leader, the transition to her chosen successor as German chancellor is shrouded in uncertainty, and with it the direction of Europe’s largest economy. As Merkel’s Christian Democratic-led bloc languishes at or under 30 percent ahead of the May 26 European election, her protege Annegret Kramp-Karrenbauer — known ...

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• 7 May

  Greek PM prepares for confidence vote

  

  Bloomberg Greek PM Alexis Tsipras is set to survive yet another challenge in the country’s parliament, where lawmakers will cast ballots this week in the fifth confidence vote since he came to power in 2015. Opposition leader Kyriakos Mitsotakis of the New Democracy party requested a censure motion against Alternate Health Minister Pavlos Polakis, after he launched an attack on ...

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