May, 2019

• 15 May

  Sanofi expands into tech-based treatments

  

  Bloomberg Sanofi is joining other big pharmaceutical companies in expanding beyond pills and injections into a new frontier of tech-based treatments that doctors can prescribe. Working with partner Happify Health, the French drugmaker is studying a potential digital therapy for patients with depression and multiple sclerosis. That follows the launch last year of a similar type of prescription treatment from ...

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• 15 May

  London luxury home prices hit by longest slump in decades

  

  Bloomberg It was a symbol of the swagger in London’s luxury home market: a mansion in the trendy Notting Hill neighborhood with a car elevator and a swimming pool that transforms into a ballroom at the touch of a button. But just over a year after Havona House was listed with great fanfare for 25 million pounds ($32.3 million), the ...

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• 15 May

  British Steel seeks extra fund to solve Brexit issues

  

  Bloomberg British Steel Ltd., one of the UK’s largest steel producers, said it’s in discussions with the government for extra funding to solve a cash crunch caused by Brexit. The money would be in addition to a 120 million pound loan ($156 million) granted by the government to cover the cost of meeting obligations under the European Union’s carbon trading ...

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• 15 May

  Putin, Pompeo emphasize better ties despite disputes

  

  Bloomberg Russian President Vladimir Putin and US Secretary of State Michael Pompeo met on the shores of the Black Sea and said they are committed to improving ties between their nations. It won’t be easy. Putin’s 90-minute meeting with Pompeo in the resort city of Sochi represented an initial step towards addressing a wide range of disputes between the two ...

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• 15 May

  Washington readies anti-Orban sanctions

  

  Bloomberg The US drew up a list of associates of Hungarian Prime Minister Viktor Orban who could be targeted with sanctions, the Wall Street Journal reported, in what would amount to a fallback option if engagement fails to sway the illiberal leader to meet his NATO commitments. The sanctions threat emerged just a day after President Donald Trump praised Orban ...

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• 15 May

  May’s Brexit deal to return to parliament

  

  Bloomberg Theresa May set a date for her final Brexit showdown, promising to bring her deal back to Parliament at the start of June. Talks with the opposition Labour Party haven’t yielded an agreement, but she’s hoping members of parliament, stung by voter revolts, will back her in order to end the process that’s tearing both main parties apart. “It’s ...

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• 15 May

  Vietnam denies having ‘prisoners of conscience’

  

  Bloomberg Vietnam denied that it held any “prisoners of conscience,” calling an Amnesty International report that said the Communist government is jailing more of its critics “unfounded.” “Amnesty International has deliberately made repeated nonobjective, unfounded judgments based on wrongful information and false prejudices on Vietnam,” Le Thi Thu Hang, spokeswoman for Vietnam’s Ministry of Foreign Affairs (MOFA), said. “This is ...

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• 15 May

  New generation of leaders shakes up Indian politics

  

  Bloomberg Politics in India is undergoing a quiet revolution, driven by a handful of young candidates standing in the bitterly contested federal election. While Prime Minister Narendra Modi’s high-octane election campaign has occupied much of the media limelight, a band of millennials — reminiscent of the rise of young US Democrat Alexandria Ocasio-Cortez — is becoming a counter to his ...

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• 15 May

  Danger of dabbling in protectionism

  

  A man who worked in a boxer’s corner in a 1962 match against Cassius Clay, as he still was known, explained why the referee stopped the fight in the fourth round: “Things just went sour gradually all at once.” It can be like that when government dabbles in protectionism. US industrial capacity has never been larger — it is 66% ...

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• 15 May

  Ireland is being tech-shamed

  

  “Only Facebook Ireland can respond to your concerns.” That is the response you are likely to get from Facebook Inc. if you accuse the world’s biggest social network of breaching Europe’s tough new laws on data privacy. The company’s European headquarters are in Ireland; data from its users in the region is officially controlled and processed there; and its lead ...

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