November, 2018

• 12 November

  Trump leaves World War I event isolated among allies

  

  Bloomberg For US President Donald Trump, attending a French-run ceremony to commemorate World War I, a bloodletting that highlighted the value of allies and dangers of nationalism, was never going to be easy. By the time he flew home on Sunday he appeared isolated and, by some, scorned. Trump arrived fresh off midterm elections where his party lost control of ...

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• 12 November

  Pressure mounts on center-right alliance ahead of Swedish vote

  

  Bloomberg Two months after Sweden’s inconclusive election the country still has no government and the center-right Alliance coalition risks splitting up amid deep disagreements over whether to accept support from nationalists. Sweden is facing what could be the most tumultuous week yet after the September 9 vote, which saw the anti-immigration Sweden Democrats emerge as king-makers with none of the ...

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• 12 November

  May under siege to ditch Brexit plan

  

  Bloomberg Pressure is building on UK PM Theresa May to ditch her Brexit plan or face a catastrophic defeat in Parliament. Britain and the European Union have been edging towards an agreement after 16 months of talks, with the aim of getting a deal wrapped up at a summit in November. But as domestic opposition builds, momentum seems to be ...

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• 12 November

  Ousted Lankan PM  challenges president’s decision in top court

  

  Bloomberg Sri Lanka’s ousted prime minister Ranil Wickremesinghe is mounting a legal challenge against President Maithripala Sirisena’s decision to dissolve the island nation’s parliament and call a snap general election. On Monday, the deposed prime minister’s United National Party and the opposition Tamil National Alliance filed formal petitions with the Supreme Court challenging the dissolution of parliament, according to party ...

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• 12 November

  Fascist flags on Poland’s 100th birthday show fractured Europe

  

  Bloomberg Europe’s fault lines were on full display at the weekend as France and Germany made a show of unity at a World War I commemoration in Paris and Poland’s leaders marched through Warsaw with far-right groups. Police estimated more than 200,000 people converged on the Polish capital on Sunday to mark the centenary of the country’s hard-fought independence in ...

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• 12 November

  US leaders could learn much from ghosts of 1918

  

  What would the ghosts of 1918 — not just the soldiers who were slaughtered in the trenches of World War I, but the statesmen who failed to make a durable peace afterward — tell politicians a century later about the perilous world we inhabit today? Ruminations about past and present are inescapable this week. America just finished a snarling, bitterly ...

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• 12 November

  Behind Face ID is a battle over costs

  

  The $3.2 billion acquisition of Finisar Corp. by II-VI Inc. (pronounced “two-six”) is really about one thing: how much it costs Apple Inc. to build iPhones with Face ID. After the first whispers emerged in 2016 that Apple was considering facial recognition technology for the iPhone, the stocks of 3-D sensor makers surged inside a few months. The story over ...

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• 12 November

  France’s fintech hopeful gets left on the shelf

  Not long ago, it was difficult for payments processors to avoid being taken over. Worldpay was sold by Royal Bank of Scotland Plc in the crisis, taken public and bought again in eight years. Nordic payments group Nets went from being owned by a group of banks to private equity ownership, to public markets, before going back into private equity ...

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• 12 November

  Italy gets starvation rations from Draghi

  What could the European Central Bank (ECB) realistically do to help Italy, even if it were so minded? Not much, is the depressing answer – in specific new aid anyway. That’s unless Italy ends up getting itself in such a mess that it’s forced to hand over financial control and enter into another ECB bailout program. We’re nowhere near that ...

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• 12 November

  US stocks retreat as dollar strengthens; oil rebounds

  

  Bloomberg US stock futures turned lower and shares dropped in Europe and most of Asia on Monday as investors struggled to drum up any optimism after a roller coaster few weeks. The dollar rose, oil halted a 10-day sell-off and the pound slid as the UK’s premier fought to save her Brexit divorce plan. Futures on S&P 500, Dow and ...

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