April, 2019

• 8 April

  Trump removes DHS chief as border promises unravel

  

  Bloomberg Donald Trump’s frustration over his inability to fulfill his signature 2016 campaign promise to curb illegal immigration led him to oust his second homeland security chief, as the president eyes his re-election prospects next year. Homeland Security Secretary Kirstjen Nielsen resigned at Trump’s request after a meeting with him at the White House residence, according to people familiar with ...

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• 8 April

  May to revive Brexit talks with Corbyn

  

  Bloomberg UK Prime Minister Theresa May is hoping to re-start stalled Brexit negotiations with her chief political rival Jeremy Corbyn, in her search for a compromise plan she can sell to European leaders at a crucial summit this week. May defended her decision to work with the main opposition Labour Party leader to help draft a new blueprint for leaving ...

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• 8 April

  Sudan unrest: Chorus for Bashir resignation grow

  

  Bloomberg Protesters maintained a sit-in outside Sudanese President Omar al-Bashir’s residence for a third day, urging the army to support their uprising against the long-time ruler as the North African nation’s political unrest entered a new stage. Security forces fired tear gas in a bid to disperse the thousands-strong crowds at military headquarters in the capital, Khartoum, where the 75-year-old ...

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• 8 April

  How to get a trade deal that pleases everyone

  

  The key to crafting international agreements is making sure that all parties are able to declare victory. That seems to be at the heart of the emerging trade pact between the US and China. Beijing would have until 2025 to meet commitments on commodity purchases and would allow American companies to wholly own Chinese businesses, three people familiar with the ...

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• 8 April

  Are central bankers bad capitalists?

  

  The global synchronised economy recovery has turned into a global synchronised economic downturn. The outlook seems to be getting bleaker by the day, and major central banks are hinting that they may need to keep monetary policies loose. The European Central Bank (ECB) has even suggested that it could start buying corporate bonds again. Let’s hope it doesn’t come to ...

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• 8 April

  What’s left of Nomura after $1 billion in cuts?

  Three cheers for Nomura Holdings Inc. At least from its shareholders, not its staff. After three straight quarters of losses, the Japanese investment bank unveiled plans to cut $1 billion in costs from its struggling wholesale business. The measures largely target Europe, though no region, including its home market, is spared completely. Ever since it bought Lehman Brothers Holdings Inc.’s ...

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• 8 April

  Energy companies need more digital executives

  A recently published Strategy& study examines the role of “chief digital officer” in the world’s 2,500 largest publicly listed companies. Chief among the consultancy’s findings: 2016 “was the high-water mark in CDO hiring” (though their 2018 data run only through the first quarter of the year, a spokesperson says). One reason for that peak, the study’s authors say, is that ...

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• 8 April

  Why India needs its own Canary Wharf, a $1tr state

  

  Even as India is consumed by its upcoming elections, the world’s biggest, the country is nearing another milestone: It’s set to overtake the UK to become the world’s fifth-largest economy. By 2030, its GDP could top $10 trillion. Yet, unusually for such a geographically large and economically vibrant country, India has no states to compare to California in the US, ...

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• 8 April

  Dark horse in the 5G auction is trouble for Spain’s Telefonica

  

  A high stakes game of 3-D chess is currently playing out in the sleepy German town of Mainz. The outcome will determine the landscape of the country’s telecoms industry for the next 20 years. Telefonica SA’s local unit is at particular risk of losing out. The Spanish carrier is bidding alongside Deutsche Telekom AG, Vodafone Group Plc and 1&1 Drillisch ...

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• 8 April

  Investors might want to buy tickets to Indonesia

  

  It’s not Bollywood yet, but Indonesia could be germinating Asia’s next big film scene. After years of stifled growth and censorship, new cinemas are opening across the vast Southeast Asian archipelago at a rapid clip thanks to large cash investments. Meanwhile, international filmmakers are setting up operations. With local production houses and cinema owners taking their companies public, investors might ...

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