July, 2018

• 21 July

  Israel launches air attacks in Gaza following soldier’s death

  

  Bloomberg Israel’s air force carried out strikes against Hamas targets throughout the Gaza Strip after Palestinian snipers shot and killed an Israeli soldier at the border, amid warnings that the conflict was sliding towards war. Hamas, the group that rules the Gaza Strip, said that four of its members were killed in the air strikes. The Israel Defense Forces said ...

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• 21 July

  India’s Modi defeats no-confidence vote as widely expected

  

  Bloomberg PM Narendra Modi defeated a no-confidence vote in India’s parliament after a day of raucous debate in which opposition parties assailed the ruling party’s record. As expected, Modi was able to defeat the opposition-led motion by a vote of 325 to 126 with his Bharatiya Janata Party’s majority in the lower house of parliament. Before the motion was put to ...

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• 21 July

  Trump tries to change the subject as Russia fallout rattles GOP

  

  Bloomberg President Donald Trump is changing the subject — but it’s not clear how easily Republicans in Congress will be able to move on. After days of backlash over his summit with Russian President Vladimir Putin, Trump sought refuge in the populism that won him office. He threatened China with more tariffs, accused the European Union of currency manipulation and ...

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• 21 July

  ‘Chequers summit riven by cabinet divisions’

  

  Bloomberg UK Prime Minister Theresa May’s Chequers summit to reach agreement with her cabinet on a plan for leaving the European Union (EU) was marked by stark divisions on the best way to proceed, two newspapers said. Andrea Leadsom, the leader of Parliament’s lower house, told ministers that she “hated” May’s proposal to retain many of the UK’s economic links ...

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• 21 July

  Ramaphosa wins as allies secure top posts in ANC

  

  Bloomberg South African President Cyril Ramaphosa boosted his control over the ruling African National Congress(ANC) ahead of next year’s elections as his allies secured key party posts in the central Gauteng province and a divided leadership was elected in the eastern KwaZulu-Natal region, a stronghold of his predecessor Jacob Zuma. Premier David Makhura was elected unopposed as the ANC’s provincial ...

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• 21 July

  SoftBank-backed Mapbox targets self-driving cars

  

  Bloomberg Mapbox Inc., backed by SoftBank Group Corp., says it has a role to play in Masayoshi Son’s vision for ride-hailing and autonomous cars. The provider of mapping data for Tinder, Evernote and Facebook Inc. in October raised $164 million in a funding round led by the SoftBank Vision Fund. The infusion was aimed at helping Mapbox go beyond maps ...

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• 21 July

  ‘Cockroach bots’ roam air show

  

  Bloomberg The Farnborough air show, best known as the year’s biggest marketplace for passenger planes, also acts as a testbed for the aviation industry’s wilder imaginings. Vying for attention with billions of dollars in jetliner deals at this year’s expo is a smorgasbord of new technologies, many seemingly intent on eliminating the human from the equation. Boffins at UK engineering ...

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• 21 July

  China electric scooter startup Niu plans $300 million IPO

  

  Bloomberg Niu, the Chinese company that sells so-called smart electric scooters in 27 countries, is pursuing an initial public offering that could raise about $300 million, people with knowledge of the matter said. The startup, founded in 2014, is working with advisers on the potential IPO, said the people, who asked not to be identified because the information is private. ...

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• 21 July

  Gogo’s proposed revamp isn’t selling too well on Wall Street

  

  Bloomberg It took a mere decade for airborne web surfing to shift from novelty offering to essential airline service. Yet for Gogo Inc., the largest provider in the field, selling an amenity that almost everyone wants has oddly become a business that stinks. The company operates two units, one focussed on business aviation and the other on commercial airlines. The ...

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• 21 July

  UBS investors demand sense of urgency with rivals closing in

  

  Bloomberg In the high-stakes drama of soured loans and failed investment banking ambitions that is European finance, Sergio Ermotti has a problem others would love to have: His UBS Group AG is starting to look a little dull. Seven years after a sweeping revamp of the bank, whose tilt toward wealth management became a blueprint for rivals, the chief executive ...

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