May, 2019

• 8 May

  Lyft assures investors losses will drop in 2020

  

  Bloomberg In its first financial report since going public, Lyft Inc exceeded analysts’ sales expectations and assured investors that its hefty losses will decrease next year. The San Francisco-based company projected second-quarter revenue of $800 million to $810 million. Analysts were expecting $782 million, according to data compiled by Bloomberg. Sales grew 95 percent to $776 million in the first ...

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• 8 May

  IPO fever yet to bolster San Francisco real estate market

  

  Bloomberg Uber. Lyft. Pinterest. This year’s blockbuster tech IPOs have had real estate brokers in the San Francisco Bay area salivating over the prospect of fat commissions from home purchases by newly minted millionaires. But halfway through the housing market’s key spring selling season, there’s little indication that flush buyers are bidding up prices beyond their peak last year. In ...

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• 8 May

  Seoul says Trump supports food aid for North Korea

  

  Bloomberg South Korea said President Donald Trump supports the donation of food to North Korea through a UN agency, as the top US envoy noted the regime’s growing impatience with sputtering nuclear talks. Trump and South Korean President Moon Jae-in — who has tried to serve as a bridge between the US president and North Korean leader Kim Jong-un — ...

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• 8 May

  Ethiopia region seeks probe into killings near Sudan border

  

  Bloomberg International investigators should probe the killings of more than 200 people in Ethiopia amid a territorial dispute near the Sudanese border, a regional official said. The violence occurred in Agew Awi Zone in Amhara state, according to Adigo Amsaya, the deputy president of neighbouring Benishangul-Gumuz state. “Those responsible for this massacre have to be held accountable,” Adigo said by ...

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• 8 May

  Trump spoils for ‘impeachment row’ to fuel 2020 bid

  

  Bloomberg President Donald Trump’s advisers are pushing him to defy congressional investigations in hopes of luring Democrats into escalating a fight that they say will turn voters against the party in the 2020 elections. The advisers are counting on news coverage of the battle with Congress — including Democrats’ raising the possibility of impeachment — distracting attention from candidates vying ...

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• 8 May

  Finland edges closer to coalition government

  

  Bloomberg Finland is edging closer to having a broad coalition government after Social Democrat Leader Antti Rinne invited the Center Party of outgoing Prime Minister Juha Sipila to the negotiations. Rinne, who has been mandated to lead the talks after his party emerged on top in the election, also asked the Greens, the Left Alliance and the Swedish People’s Party ...

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• 8 May

  Pressure mounts on May as ‘Labour deal’ still elusive

  

  Bloomberg British PM Theresa May was expected to face lawmakers in parliament after another day of inconclusive talks with the opposition Labour Party further dented her hopes of reaching a Brexit deal. Already under pressure after a disastrous set of results for her Conservative Party in local elections, the beleaguered premier’s cabinet concluded that cross-party talks are stalling and unlikely ...

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• 8 May

  May-Corbyn Brexit talks just point to fatigue

  

  When you hear that UK Prime Minister Theresa May and her Labour Party rival Jeremy Corbyn are in talks, you can safely assume that May has exhausted every other option in her efforts to get a Brexit deal through Parliament. But it’s a measure of the political damage wrought by Hurricane Brexit on Britain’s political landscape that even if there ...

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• 8 May

  Coal’s future is in people’s hands

  

  Climate change is at the top of many American voters’ minds, as evidenced by a CNN poll found “96% of Democrats and Democratic-leaning independents say it’s very or somewhat important for a presidential candidate to promise aggressive action” on the issue. At the same time on the other side of the globe, “Promises to fight the world’s most toxic air ...

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• 8 May

  Two hedge fund backseat drivers make life a misery

  To pick up Elliot Management Corp as an activist investor is unfortunate. Having another hedge fund agitator in the form of Knight Vinke must be misery, especially when it’s making rival demands. Add in a bidder with a blocking stake and German utility Uniper SE is a company where the CEO can scarcely think of themselves as the boss. Andreas ...

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