November, 2018

• 5 November

  Merkel’s party turns inward with ‘leadership contest’

  

  Bloomberg Contenders to succeed German Chancellor Angela Merkel as party chief will criss-cross the country to campaign ahead of a convention in December, giving an early taste of the choices for the next potential leader of Europe’s pivotal country. The process agreed among the Christian Democratic Union’s leadership signals that Germany is headed for another inward-looking period as the post-Merkel ...

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• 5 November

  Pompeo defends Iran oil sanctions waivers

  

  Bloomberg Secretary of State Michael Pompeo defended the temporary waivers granted to eight countries to continue buying Iranian crude oil for now against Congressional critics and others who say the US is being too lenient on the Islamic Republic. The comments on “Fox News Sunday” come a day before US sanctions on Iran’s energy and shipping are due to snap ...

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• 5 November

  UK plans Brexit cabinet without deal

  

  Bloomberg The UK Cabinet will discuss Brexit on Tuesday, but Prime Minister Theresa May probably won’t ask ministers to approve the terms of a deal, according to a person familiar with the matter. The premier is likely to update ministers on the past two weeks’ of technical negotiations that have been taking place at a less senior level, the person ...

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• 5 November

  Swedish speaker bets on opposition leader to break stalemate

  Bloomberg The speaker of parliament said he will nominate opposition leader Ulf Kristersson as the prime minister candidate next week to break the gridlock that has gripped Sweden since its inconclusive election two months ago. At a press conference at parliament on Monday, Speaker Andreas Norlen said it’s important that the process is driven forward and that alternatives are tested ...

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• 5 November

  US midterm votes vulnerable to cyber-attacks: Experts

  

  Bloomberg US cybersecurity experts are bracing for possible attempts to attack the midterm election by Russia or another adversary hoping to engineer a disruption that casts doubt on the integrity of the vote. Interference may range from altering websites used by state and local election authorities, to spreading propaganda through social media, to hacking at polling places intended to complicate ...

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• 5 November

  Diverging economies will keep driving markets

  

  The divergence among economies, and the asset-price dispersion that has come with it, remains one of the key global issues for policy makers and investors this year. The phenomenon isn’t sufficiently appreciated, even though it has material impact on benchmark market relationships and leads to feedback loops between financial and economic influences. Yet it will continue to be important, defining ...

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• 5 November

  Driverless cars and future of parking

  

  Alphabet Inc. subsidiary Waymo got the green light to test its driverless vehicles in California, an expansion of the program currently underway in Arizona. Waymo’s minivans will be driving in a swath of Silicon Valley around its headquarters, an area the company says it knows well. If — or when — Waymo and other driverless-car operators expand into denser urban ...

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• 5 November

  Credit Suisse fails to shrink to greatness

  Credit Suisse Group AG CEO Tidjane Thiam likes to be clear about what he can and can’t control as he tries to turn around the Swiss bank. While he has been able to contain risk, slash costs and raise capital, top-line revenue is out of his hands, he told Bloomberg Television. The not-so-small catch for investors: Revenue is exactly where ...

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• 5 November

  Why US share of global wealth keeps growing

  There has been a lot of hand-wringing in recent years about the re-emergence of undemocratic regimes around the world and the collapse of the US-led global order established after the Cold War. The data in the Global Wealth Reports, published annually by Credit Suisse, could provide a clue to some of the economic dynamics underlying these trends. The reports track ...

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• 5 November

  China has wrong medicine for endangered species

  

  China’s decision to reverse a 25-year-old ban and allow trade, in ‘special cases,’ in products made from critically endangered tigers and rhinos provoked a predictable firestorm of criticism. China has sought to portray the move as a responsible way to regulate such goods: The goal is to produce a steady supply of things like rhino horns — used in traditional ...

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