June, 2018

• 17 June

  Tory Brexit rebels warn to ‘collapse’ UK govt

  

  Bloomberg UK Prime Minister Theresa May has been warned that rebels inside her own party could bring down her government if they don’t like the final Brexit deal she negotiates with the EU. Pro-EU former attorney general Dominic Grieve said he had sleepless nights worrying about the choice facing Parliament when May reaches an agreement with the bloc on terms ...

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• 17 June

  Colombia votes for leader in new era

  Bloomberg Colombians are voting in the runoff of the first presidential election since the demobilisation of the nation’s largest guerrilla group, with a market-friendly lawyer facing a leftist who wants to tax the rich. Polls predict a clear win for Ivan Duque, 41, who wants to cut taxes on company profits, over Gustavo Petro, 58, who wants to redistribute land ...

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• 17 June

  ‘Comey insubordinate in Clinton probe’

  

  Bloomberg Former FBI Director James Comey was “insubordinate” in handling the probe into Hillary Clinton, damaging the bureau and the Justice Department’s image of impartiality even though he wasn’t motivated by politics, the department’s watchdog found. Although the report by Inspector General Michael Horowitz doesn’t deal directly with Special Counsel Robert Mueller’s inquiry into Russia meddling in the 2016 US ...

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• 17 June

  Greek PM survives no-confidence vote over Macedonia agreement

  Bloomberg Greek PM Alexis Tsipras survived a no-confidence vote in parliament, securing support to move forward to sign an agreement with the Republic of Macedonia and to continue governing until his term expires in 2019. A total of 153 lawmakers in the 300-seat chamber voted against the opposition-backed motion, the parliament speaker said after the session in Athens, against 127 ...

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• 17 June

  Trade war hits US as China targets farms

  

  Bloomberg China’s response to US tariffs aims to hit the Trump administration right in its natural resources. The world’s largest commodities consumer said it will levy a first round of tariffs on $34 billion worth of US agriculture products, as well as automobiles, starting from July 6. Another $16 billion in goods, including coal and oil, will be subject to ...

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• 17 June

  ZTE’s $2.7bn loss shows tough challenges

  

  Bloomberg ZTE Corp. unveiled a settlement with the US government to rescue the Chinese telecom-equipment maker. But investors put a steep initial estimate on the cost of the deal: at least $2.7 billion. ZTE agreed to pay at least $1 billion in penalties and overhaul its leadership to escape essentially a death sentence. That still leaves it with the challenge ...

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• 17 June

  China’s home prices rise at faster pace

  Bloomberg China’s home prices rose by the most in 19 months in May even as the government pressed ahead with a two-year campaign to curb property speculation. New-home prices in 70 cities tracked by the government gained 0.8 percent from a month earlier, according to Bloomberg calculations based on data from the National Bureau of Statistics. That compared with a ...

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• 17 June

  Samsung to pay $400mn in FinFet patent dispute

  

  Bloomberg Samsung Electronics Co. was told to pay $400 million after a federal jury in Texas said it infringed a patent owned by the licensing arm of a South Korean university. Samsung pledged to appeal. Qualcomm Inc. and GlobalFoundries Inc. also were found to have infringed the patent but weren’t told to pay any damages to the licensing arm of ...

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• 17 June

  Japan’s new economic plan puts fiscal discipline on back burner

  

  Bloomberg The Japanese Cabinet approved a new mid-term economic plan that further delays efforts to rein in debt and removes an important cap on spending. The plan for economic policy making and fiscal management for the next three years targets a primary balance surplus by fiscal 2025, five years later than the previous goal, and drops $4.5 billion limit on ...

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• 17 June

  Apple-Qualcomm legal battle hinges on 5G, national security

  

  Bloomberg Apple Inc must persuade a US trade judge that iPhones containing Intel Corp chips should be allowed into the country, even if they infringe a Qualcomm Inc patent. That’s the challenge facing the world’s largest publicly-traded company, laid out in a US International Trade Commission hearing in Washington, part of a long-running legal battle between Apple and Qualcomm. Staff ...

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