April, 2019

• 28 April

  Tesla China plant takes shape three months into construction

  

  Bloomberg Three months after groundbreaking, Tesla Inc is rushing to complete its multibillion-dollar factory on the outskirts of Shanghai to capitalise on growing demand in the world’s largest electric-car market. Foundations for the facility have been laid, and construction workers are erecting walls and other structures for the factory, which could eventually rival production from its US assembly plant. Tesla ...

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• 28 April

  Microsoft valuation briefly tops $1 trillion on sales, profit rise

  

  Bloomberg Microsoft Corp.’s cloud computing business fuelled quarterly sales and profit that topped analysts’ estimates, boosted by several new deals with large corporate clients. The company’s shares rose as much as 5.1 percent in New York, briefly pushing its valuation across $1 trillion before pulling back slightly. The move nosed the software maker ahead of Apple Inc. as the world’s ...

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• 28 April

  Investor revolt at Bayer to grow after CEO keeps his job

  

  Bloomberg The shareholder rebellion at Bayer AG is poised to worsen after its supervisory board ignored an unprecedented no-confidence vote against the leadership of Chief Executive Officer Werner Baumann. Several top investors of the German chemicals and drugs giant are frustrated with directors’ decision to back Baumann and his strategy that led to the $63 billion takeover of Monsanto, according ...

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• 28 April

  Daimler faces tougher task on 2019 targets after profit falls

  

  Bloomberg Daimler AG said its financial targets have become harder to achieve after a tough start to the year, forcing the auto manufacturer to step up efforts to drive down costs. The Mercedes-Benz maker’s first-quarter profit slumped 16 percent after a decline in deliveries combined with the rising cost of developing new models. While earnings met analyst estimates, Chief Executive ...

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• 28 April

  WPP’s struggles continue as business losses start to bite

  

  Bloomberg Advertising giant WPP Plc reported a fall in first-quarter sales after its agencies in North America lost work with top clients, in another reminder of the challenge facing Chief Executive Officer Mark Read. Revenue less pass-through costs, WPP’s measure of organic sales growth, fell 2.8 percent, the London-based company said in a statement, in line with the average estimate ...

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• 28 April

  Oracle to keep up fight on JEDI cloud bid

  

  Bloomberg Oracle Corp. will continue to fight the terms of the Pentagon’s $10 billion winner-take-all cloud computing contract after being kicked out of the bidding process this month, according to the company’s chief lobbyist. Oracle Executive Vice President Kenneth Glueck, who leads the company’s Washington policy shop, said in an interview with Bloomberg News that the company will continue to ...

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• 28 April

  Trump revs up campaign on economy in key states

  

  Bloomberg President Donald Trump revved up his campaign pitch to voters in key Rust Belt states by touting the US economy, saying he’s working to stop jobs from moving to neighbouring countries, and mocking his Democratic opponents. “We’re now the No. 1 economy anywhere in the world and it’s not even close,” Trump said at a rally in Green Bay, ...

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• 28 April

  UK Conservatives seeking Brexit deal before EU election

  

  Bloomberg Theresa May is still pursuing a Brexit deal that would get the UK out of the European Union before elections next month. With negotiations with the opposition Labour Party set to continue next week, there’s still time for parliament to settle on a deal before the May 23 vote, Conservative Party Chairman Brandon Lewis said in an interview with ...

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• 28 April

  Voting begins in Spain with PM in contest

  

  Bloomberg Spanish voters deliver their verdict on Sunday on whether Socialist PM Pedro Sanchez should form a new government after the collapse of his administration less than a year after he took power. Turnout by Sunday afternoon was higher than in the 2016 general election, with 41 percent of the 37 million eligible voters casting ballots for the 350 seats ...

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• 28 April

  Australia caps refugee intake ahead of polls

  

  Bloomberg PM Scott Morrison’s government pledged to freeze Australia’s refugee intake for the next three years as it thrust immigration to the heart of its campaign for re-election. The number of asylum-seeker visas granted each year will be kept at 18,750 for the next term of government if the Liberal-National coalition retains office on May 18, Minister for Cities Alan ...

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