April, 2019

• 2 April

  Fiat to play active role in industry change

  

  Bloomberg Fresh off reports that it’s exploring a venture with PSA Group to build cars in Europe, the chairman of Fiat Chrysler Automobiles (FCA) said the automaker will remain an active player in helping to shape an automotive industry being transformed by technology. John Elkann, the chairman and chief executive officer of Exor NV, wrote in a letter to shareholders ...

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• 2 April

  Global economy has lost momentum, says Lagarde

  Bloomberg Global growth has lost momentum since the start of the year, leaving the world economy in a “precarious” position, IMF Managing Director Christine Lagarde said. The global economy has weakened since the International Monetary Fund last updated its forecast in late January, though a recession isn’t likely in the near term, Lagarde said in remarks prepared for a speech ...

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• 2 April

  Combusting Hyundais, Kias spur US probe of 3mn cars

  

  Bloomberg The National Highway Traffic Safety Administration (NHTSA) is investigating some 3 million US vehicles made by Hyundai Motor Co and Kia Motors Corp. following thousands of complaints that the vehicles went up in flames even without being involved in a crash. NHTSA tallied more than 3,000 complaints about the Hyundai and Kia vehicles that drivers lodged with the agency ...

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• 2 April

  Algeria’s Bouteflika promises to resign, to leave his mark

  

  Bloomberg Battered by more than a month of protests, Algerian President Abdelaziz Bouteflika said he would step down before the end of his fourth term on April 28, but suggested he would still craft the foundations of the transition to come. The announcement appeared aimed at avoiding what could be a military-sanctioned, and embarrassing, constitutional push to have him declared ...

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• 2 April

  Thailand’s army chief slams Thaksin in rare remarks

  

  Bloomberg Thailand’s army chief slammed exiled former leader Thaksin Shinawatra in a rare briefing following a disputed election, a further sign that his allies will struggle to form a government. “He never admits to his crime,” Apirat Kongsompong told foreign media organisations in Bangkok. “If someone has money and is powerful, does that mean you can never go to jail? ...

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• 2 April

  India opposition leader pledges to end poverty by 2030

  

  Bloomberg India’s main opposition Congress party has pledged to tackle unemployment and poverty as it seeks to wrest power from Prime Minister Narendra Modi’s ruling coalition just days out from a national election. Led by Rahul Gandhi, the party released its election manifesto in New Delhi, promising to rid India of poverty by 2030, waive farm loans, introduce a single ...

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• 2 April

  May’s cabinet confronts Brexit crisis

  

  Bloomberg Theresa May is expected to confront her most senior ministers with the potentially explosive option of delaying Brexit by months, as the UK struggles to find a plan for leaving the European Union. The British prime minister will hold five hours of crisis talks with her cabinet, with the pro- and anti-Brexit factions in her top team set to ...

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• 2 April

  After Idai, Mozambique Cholera cases top 1,000

  Bloomberg Mozambique has confirmed more than 1,000 cases of cholera as an outbreak of the water-borne disease spreads following a tropical cyclone last month which has so far killed at least 598 people in the southeast African nation. The number of cholera infections rose from 246 on March 30, the health ministry said in a statement. President Filipe Nyusi last ...

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• 2 April

  Trump tax cut would equal 6,500 miles of wall

  

  Here’s an interesting exercise: Compare what is arguably President Donald Trump’s signature policy achievement, the late 2017 tax cut, with perhaps his top policy goal, a wall on the border with Mexico, in purely numerical terms. Set aside for the moment all the political and social arguments about immigration and the border. The companies in the S&P 500 have already ...

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• 2 April

  Italy’s hug makes China feel warm

  

  Italy’s agreement to sign on to China’s Belt and Road Initiative has unnerved European and US leaders who hoped for a united front against Beijing’s geo-economic ambitions. “Endorsing BRI lends legitimacy to China’s predatory approach to investment and will bring no benefits to Italian people,” White House’s National Security Council (NSC) warned via Twitter. While Chinese investment in Europe is ...

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