March, 2019

• 30 March

  Australia, Singapore crack down on online media

  

  Bloomberg Governments in the Asia Pacific region are accelerating efforts to fight malicious use of online media, unveiling laws that make it easier to target websites which enable distribution of criminal or fraudulent content. Australia said it will legislate “tough” new laws to prevent social-media platforms from being “weaponised” by terrorists and extremists who may use them to live-stream violent ...

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• 30 March

  Trump doubles down on Keystone pipeline with new permit

  

  Bloomberg President Donald Trump issued a new permit for TransCanada Corp’s controversial Keystone XL pipeline, circumventing a court ruling that blocked a previous authorisation by his State Department. The move aims to undercut legal challenges to the $8 billion project, including a November ruling by a Montana-based district judge that faulted the State Department’s previous environmental analysis, according to a ...

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• 30 March

  Lyft IPO’s biggest winner may be startups’ private valuations

  

  Bloomberg Tech unicorns got a bounce in their step with Lyft Inc’s initial public offering valuing it at $22.4 billion after its first day of trading. Ride-hailing’s No. 2 provider in the US first raised its target range and then expanded its offering to raise $2.34 billion. While the shares closed up only 8.7 percent compared with the 21 percent ...

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• 30 March

  BlackBerry soars after licensing fuels growth

  

  Bloomberg BlackBerry Ltd jumped the most in six months after fourth-quarter results surpassed analysts’ estimates, boosted by strong gains in licensing revenue. The former phone maker reported sales of $99 million from its segment that distributes licenses for its existing patents to other businesses. That was a 71 percent increase over the previous year and helped boost total revenue 8 ...

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• 30 March

  Mondelez in talks to buy Campbell Soup int’l brands

  

  Bloomberg Mondelez International Inc, the maker of Oreo cookies and Cadbury chocolates, is in advanced talks to acquire international brands being sold by Campbell Soup Co, people familiar with the matter said. Mondelez is negotiating final terms of a purchase of Arnott’s Biscuits, the Australian maker of Tim Tam cookies, and Danish butter-cookie producer Kelsen Group, according to the people. ...

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• 30 March

  Swiss real estate in spotlight for wrong reasons

  

  Bloomberg Switzerland’s property-market watchdogs aren’t likely to catch a break. With European interest rates set to remain low for even longer, that’s going to further fuel the ongoing exuberance in Swiss real estate that’s seen multiple warnings this month alone. The issue is particularly acute in buy-to-let properties, as insurers and pension funds look to compensate for otherwise meager returns. ...

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• 30 March

  Trump’s dealmaking prowess tested in oil-farmers fight

  

  Bloomberg If Donald Trump’s administration was looking for signs of easing tensions between two of his vaunted constituencies — blue-collar oil and rural farmers — a hearing in Michigan proves otherwise. The two sides exchanged heated comments at a public hearing over proposed changes by the Environmental Protection Agency (EPA) on ethanol policy. Oil refiners and agricultural proponents, including Iowa ...

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• 30 March

  Trump demanded Kim to hand over nuclear weapons

  

  Bloomberg US President Donald Trump gave North Korean leader Kim Jong-un a list of demands that included a call for handing over nuclear weapons and bomb fuel to the US in their talks in Hanoi last month, Reuters reported, citing the document. Trump handed Kim the piece of paper stating the US position at their meeting in Hanoi’s Metropole Hotel ...

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• 30 March

  Trump warns to close border with Mexico over ‘immigration’

  

  Bloomberg President Donald Trump said he’ll close the southern border next week unless Mexico “immediately” stops illegal migration into the US, which his Homeland Security secretary said threatens a “system-wide meltdown” at her agency. “Closing the border will be a profit-making operation,” Trump told reporters at his Mar-a-Lago resort in Palm Beach, Florida. “There’s a very good likelihood that I’ll ...

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• 30 March

  Clashes erupt at Gaza border on ‘return’ protest anniversary

  

  Bloomberg Palestinian demonstrators and Israeli soldiers clashed at the Gaza border on Saturday, the one-year anniversary of Hamas-led protests to draw attention to the territory’s plight. About 50,000 protesters had joined the rally, with one Palestinian shot dead by Israeli forces and a few dozen needing treatment for tear-gas exposure, according to Palestinian reports. The army said it was using ...

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