April, 2019

• 17 April

  Apple, Qualcomm settle billions of dollars of licensing dispute

  

  Bloomberg Apple Inc. and Qualcomm Inc. agreed to end a two-year legal battle over billions of dollars of technology licensing fees that threatened the chipmaker’s most profitable line of business. Apple will make a one-time payment to Qualcomm, and the two reached a multiyear agreement whereby Qualcomm will supply chips and license its technology to the iPhone maker in exchange ...

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• 17 April

  IBM sees slowing pace in cloud unit pinned for growth

  

  Bloomberg International Business Machines Corp. (IBM) reported a decline in revenue from the cloud-computing, artificial intelligence and cognitive software unit that the company is hanging its future on. IBM reported a 2 percent drop, to $5.0 billion, in sales from cloud and cognitive software, in the three months ended March 31. Cloud revenue alone grew 10 percent over the last ...

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• 17 April

  Trump receives trade setback as WTO ruling may foil US strategy

  

  Bloomberg The debate over whether the World Trade Organization (WTO) has the authority to rule on disputes involving countries’ national security was put to rest, setting up a battle with the US, which has asserted the Geneva-based body doesn’t have the standing to make such decisions. Russia and Ukraine said they won’t appeal a landmark trade decision in which the ...

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• 17 April

  Germany cuts economic growth outlook to 0.5%

  Bloomberg The German economy is turning into Europe’s underperformer, with the government now predicting 2019 will see the weakest expansion in six years. Amid slowing global momentum and concerns over Brexit and trade disputes, the economy ministry on Wednesday cut its estimate to 0.5 percent, half the pace previously forecast. It’s the latest in a series of downward revisions from ...

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• 17 April

  T-Mobile CEO defends Sprint merger as opposition mounts

  

  Bloomberg As fears grow that T-Mobile US Inc.’s Sprint Corp. merger will be quashed by regulators, Chief Executive Officer John Legere is leading a personal crusade to rescue the deal. The CEO, known for his straggly hair, magenta T-shirts and Twitter antics, has made frequent trips to Washington since the proposed combination was announced in April of 2018. And he’s ...

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• 17 April

  Indonesia president set to win second term, calls for unity

  

  Bloomberg Indonesian President Joko Widodo was poised to win another term running the world’s largest Muslim-majority country, even as opponent Prabowo Subianto signalled he would challenge the outcome. Six top private polling agencies had Widodo, known as Jokowi, ahead of the former general by at least seven percentage points with about 90 percent of the vote counted. While election authorities ...

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• 17 April

  Trump vetoes bill to end US support in Saudi-led Yemen war

  

  Bloomberg President Donald Trump vetoed a bipartisan measure passed by Congress earlier this month demanding that he withdraw US support for the Saudi-led war in Yemen, the White House said. “This resolution is an unnecessary, dangerous attempt to weaken my constitutional authorities, endangering the lives of American citizens and brave service members, both today and in the future,” Trump said ...

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• 17 April

  Sudanese keep pressure on army as mystery gunmen menace sit-in

  

  Bloomberg Sudanese pro-democracy protesters maintained their sit-in at army headquarters to demand civilian rule, as soldiers quashed attempts by mystery gunmen to disperse the long-running demonstration that helped oust President Omar al-Bashir. Gunfire rocked one side of the sprawling protest site in the capital, Khartoum, and witnesses said they saw troops apprehend a small group of masked men with firearms. ...

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• 17 April

  Congo leader pledges to join US war against IS

  

  Bloomberg The Democratic Republic of Congo will join the global fight against IS, which President Felix Tshisekedi said poses a threat to his country. Tshisekedi stressed links between the extremist group and the Allied Democratic Forces, a shadowy militia that has operated in Congo since the 1990s, during a visit to Washington. Little is known about the ADF and analysts ...

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• 17 April

  Suicides, drought plague ‘angriest’ state in India

  

  Bloomberg In India’s richest state, Maruti Bhosle roamed the parched fields surrounding his one-room tin hut before taking his life. The farmer left behind a wife, a daughter and $2,160 rupees of debt borrowed at a 60 percent interest rate. The story is eerily repeated in many villages in Beed district, which sits a few hours’ drive from India’s financial ...

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