April, 2019

• 8 April

  Fiat to pool cars with Tesla to meet emissions targets

  

  Bloomberg Fiat Chrysler Automobiles NV is pooling its fleet with Tesla Inc. to comply with stricter European Union rules on carbon-dioxide emissions, in a deal that’s likely to pay the US electric-car leader hundreds of millions of dollars. Tightening EU regulations that kick in next year could cost Fiat 2 billion euros ($2.2 billion) in potential fines in each of ...

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• 8 April

  Pompeo warns Haftar forces to halt advance on Tripoli

  

  Bloomberg The Trump administration issued a stern warning to Libyan militia leader Khalifa Haftar to halt his forces’ advance on Tripoli, and urged all sides to continue with political negotiations. Secretary of State Michael Pompeo said in a statement that the US was “deeply concerned” about the warlord’s threat to the internationally recognised capital. He said the military campaign was ...

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• 8 April

  Modi pledges $1.44trn on infrastructure to woo voters as elections near

  

  Bloomberg Prime Minister Narendra Modi’s ruling Bharatiya Janata Party pledged spend $1.44 trillion on infrastructure to boost the economy and raise living standards, in a bid to match its main rival’s populist promises. The BJP, which is seeking to retain power in elections starting April 11, released its manifesto in New Delhi, reiterating its pledge to double farmers’ income by ...

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• 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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