April, 2019

• 15 April

  Huawei escaping European ban, but not 5G regulations

  

  Bloomberg Huawei Technologies Co’s ability to make inroads into Europe’s future telecom infrastructure may be more about regulatory hurdles than outright bans. The US has been engaged in a vocal campaign to keep Chinese tech companies out of advanced 5G networks that promise faster connections, enabling uses such as autonomous vehicles and remote surgery. US President Donald Trump’s administration has ...

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• 15 April

  Volkswagen plots major China push as trouble looms at home

  

  Bloomberg A year into his tenure, Volkswagen CEO Herbert Diess is entering critical months as he seeks to expand the carmaker’s sprawling Chinese operations while containing tensions at home in Germany. The Chinese market is leading a global shift towards electric vehicles and will take on a bigger role for the German automaker as both a production hub and a ...

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• 15 April

  Rusal to invest $200m in new US aluminum mill as sanctions lifted

  

  Bloomberg Just months after being freed from US sanctions, Russia’s largest aluminum maker plans to invest in a new aluminum rolling mill in Kentucky. United Co Rusal, controlled by billionaire Oleg Deripaska until the US Treasury forced him to reduce his stake earlier this year, intends to invest up to $200 million in the plant being built by closely held ...

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• 15 April

  London finance job openings halve in 2 years on Brexit jitters

  

  Bloomberg Job vacancies in London’s finance industry have halved in two years as uncertainty over Brexit knocks business confidence, a survey by recruiter Morgan McKinley has found. The number of jobs available in the city’s financial services industry and the number of finance professionals seeking new jobs have each fallen by more than half in the past two years, the ...

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• 15 April

  EU takes closer look at Google’s tax arrangement in Ireland

  

  Bloomberg The European Union has taken a closer look at how Google uses operations in Ireland to help reduce its corporate tax obligations within the trade bloc, two people familiar with the matter said. Officials from the European Commission, the EU’s executive arm, held in-depth talks with Irish authorities late last year about whether the Internet-search unit of Alphabet Inc. ...

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• 15 April

  Trafigura to take control of Europe’s biggest zinc smelter

  

  Bloomberg Trafigura Group Ltd. will take control of Nyrstar NV, Europe’s biggest zinc smelter, as part of a deal to restructure the struggling company’s debt and steer it away from bankruptcy. Under the agreement, Trafigura — Nyrstar’s main shareholder as well as a top supplier, customer and financier — offered a package of its own debt securities to Nyrstar’s creditors ...

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• 15 April

  Bashir’s old guard fights for power amid Sudan protests

  

  Bloomberg Sudanese pro-democracy protesters won further concessions from the army that overthrew President Omar al-Bashir, as upheaval in the ruling military council signals a power struggle among the remnants of his 30-year regime. Since taking control, the council has cancelled its curfew, freed prisoners, changed leadership and vowed to review laws that brought trials for perceived indecency or apostasy, all ...

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• 15 April

  South Korea’s Moon calls for summit with Kim

  

  Bloomberg South Korean President Moon Jae-in said it’s time to prepare for talks with North Korean leader Kim Jong-un, commenting just days after returning from a visit to the White House where he tried to get faltering nuclear negotiations back on track. Moon, who has tried to be a bridge between Kim and President Donald Trump, said North Korea’s leader ...

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• 15 April

  Finns reject austerity as leftists win polls

  

  Bloomberg After the tightest election in over half a century, Finland looks set to get a more left-leaning government as voters rejected years of austerity. Former trade unionist Antti Rinne is poised to become Finland’s first Social Democrat prime minister in 16 years, winning by fewer than 7,000 votes. But he faces a tough set of coalition talks, after the ...

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• 15 April

  US to slap new sanctions on Venezuelan officials

  Bloomberg The US is ready to apply new sanctions on Venezuela’s leadership, Secretary of State Mike Pompeo said, as the government steps up pressure on Nicolas Maduro to relinquish power and allow new elections to be held. The US government will use all political and economic means at its disposal, including sanctions and visa revocations against those propping up the ...

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