July, 2018

• 9 July

  Alibaba in talks with BT for cloud deal

  

  Bloomberg Alibaba Group Holding Ltd. is in talks with BT Group Plc about a cloud services partnership as the Chinese internet giant challenges Amazon.com Inc.’s dominance in Europe. An agreement between Alibaba and the IT consulting unit of Britain’s former phone monopoly could be similar to Alibaba’s existing arrangement with Vodafone Group Plc in Germany, according to a person familiar ...

  Read More »
• 9 July

  Typhoon Maria spurs heavy rain in Taiwan

  Bloomberg A fierce typhoon is headed in the direction of Taiwan, spurring warnings over extreme weather that risks shuttering schools, businesses and the stock exchange. Super Typhoon Maria could bring strong winds and heavy rains to northern and central Taiwan in the coming days, Central Weather Bureau specialist Judy Wuu said. Taipei, the political and business capital, is on the ...

  Read More »
• 9 July

  Nissan finds ‘misconduct’ in exhaust, fuel economy tests

  

  Bloomberg Nissan Motor Co., the Japanese carmaker that was embroiled in a vehicle-inspection scandal last year, said it uncovered some instances of misconduct involving falsified data about exhaust emissions and fuel economy. The data falsification, which occurred on 19 models across five plants in Japan, was found out when the company was carrying out an internal check about employees conducting ...

  Read More »
• 9 July

  Kim reminds Trump ‘nuclear weapons won’t come cheap’

  

  Bloomberg US Secretary of State Mike Pompeo went to Pyongyang to get Kim Jong-un to give up his nuclear weapons. He left with a harsh reminder that the North Korean leader expects something in return. While President Donald Trump’s point man for nuclear talks summed up his 27 hours in the North Korean capital as “productive,” the regime called the ...

  Read More »
• 9 July

  Monitors’ return kindles hope for free Zimbabwe vote

  

  Bloomberg An influx of Western observers is giving Zimbabweans some hope that this month’s elections won’t be a repeat of the tainted contests held during former President Robert Mugabe’s 37-year rule. While Zimbabwe’s past three elections were marred by allegations of rigging, violence and intimidation, new President Emmerson Mnangagwa has welcomed the return of monitors from Western nations whose governments ...

  Read More »
• 9 July

  ‘EU can’t stop controversial court overhaul’

  

  Bloomberg The European Commission’s threat to sue Poland over a judicial overhaul “won’t break” the government’s determination to push through changes that have drawn international condemnation and sparked street protests, the head of the ruling party said. Law & Justice leader Jaroslaw Kaczynski has pushed back against European Union officials’ efforts to halt what they say is a threat to ...

  Read More »
• 9 July

  Sharif to return to Pakistan on July 13 to appeal sentence

  

  Bloomberg Former Pakistani PM Nawaz Sharif will return to the country from London on July 13 to face a 10-year jail sentence handed down by an anti-corruption court, which convicted him for not declaring assets. Sharif will reach Lahore, his home town and political stronghold, his daughter Maryam, said in a Twitter post. Maryam, who will also return to Pakistan ...

  Read More »
• 9 July

  Once bitter foes, Ethiopia, Eritrea promise ‘bridge of love’

  

  Bloomberg Ethiopia and Eritrea signed a declaration of peace and agreed to reestablish key economic links after an unprecedented summit between the Horn of Africa nations’ leaders that marked the end of almost two decades of strife. The announcements by an Eritrean official and the Ethiopian state-owned broadcaster Fana followed Prime Minister Abiy Ahmed’s visit to the Eritrean capital, Asmara, ...

  Read More »
• 9 July

  JPMorgan maps out currencies to buy if recession is coming

  

  Bloomberg If a US or global recession is looming, it’s time to own the Swiss franc, Singapore dollar, US dollar and Japanese yen – and ditch emerging market currencies, according to analysts from JPMorgan Chase & Co. “Recessions are when creditors get to ask for their money back,” analysts including Paul Meggyesi said in a note. “Three of the top ...

  Read More »
• 9 July

  World Bank CEO adds to voices of worry over global debt pileup

  

  Bloomberg Global debt is becoming a bigger worry as the global policy tightening cycle takes hold, a top boss at the World Bank warned Monday. “After a decade of low interest rates, the corporate and public debt in many places has ballooned to a staggering $164 trillion,” Kristalina Georgieva, chief executive officer of the World Bank, said in an interview ...

  Read More »