June, 2018

• 13 June

  Adyen doubles in debut in year’s biggest European tech IPO

  

  Bloomberg Adyen NV, a Dutch payments processor whose clients include Netflix Inc. and Spotify Technology SA, more than doubled in its trading debut in Amsterdam. The shares, which priced at 240 euros apiece in Europe’s biggest technology public offering of the year, reached 503.90 euros early on Wednesday, before retreating to 436.55 euros by 1:10 p.m. local time. Adyen’s market ...

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• 13 June

  Dixons says 6mn cards hit in cyberattack

  

  Bloomberg A cyberattack at Dixons Carphone Plc affected almost 6 million payment cards as hackers sought access to customers’ personal data in another challenge for new Chief Executive Officer Alex Baldock. The retailer, already struggling with a slowing mobile phone market in the UK and the rise of Amazon.com Inc., said 1.2 million records containing nonfinancial information such as names, ...

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• 13 June

  Accenture unveils tool to help firms eliminate ‘bias’

  Bloomberg Consulting firm Accenture has a new tool to help businesses detect and eliminate gender, racial and ethnic bias in artificial intelligence software. Companies and governments are increasingly turning to machine-learning algorit-hms to help make critical decisions, including who to hire, who gets insurance or a mortgage, who receives government benefits and even whether to grant a prisoner parole. One ...

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• 13 June

  US inflation accelerates to six-year high, eroding wages

  

  Bloomberg US inflation accelerated in May to the fastest pace in more than six years, reinforcing the Federal Reserve’s outlook for gradual interest-rate hikes while eroding wage gains that remain relatively tepid despite an 18-year low in unemployment. The consumer price index rose 0.2 percent from the previous month and 2.8 percent from a year earlier, matching estimates, a Labor ...

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• 13 June

  Trump-Kim meet stirs skepticism as future steps remain unclear

  

  Bloomberg President Donald Trump’s summit with North Korean leader Kim Jong-un produced a historic handshake but all of the work to make the deal a reality lies ahead, with no benchmarks for progress, follow-up meetings scheduled or even common agreement on what success would look like. The lack of any details contributed to an air of skepticism in Washington about ...

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• 13 June

  Now, Trump under pressure to do Mueller interview

  

  Bloomberg Fresh off his summit with North Korean leader Kim Jong-un, Donald Trump returned to Washington on June 13 to face what may be the biggest threat to his presidency — Special Counsel Robert Mueller. Now, Mueller is intent on quickly resolving a central issue with Trump’s legal team: whether the president will sit voluntarily for an interview in the ...

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• 13 June

  May averts Brexit revolt but her rivals claim victory

  

  Bloomberg UK Prime Minister Theresa May averted a revolt by pro-European lawmakers in her party, dodging what threatened to be a major political crisis. Now the focus shifts to the price of the rebels’ compliance, and another fight looms. Some Conservative lawmakers had been pushing for an amendment that would have given Parliament unprecedented powers over the premier’s Brexit strategy. ...

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• 13 June

  Italy summons French envoy over migrant ship

  

  Bloomberg Italy’s foreign minister summoned the French ambassador to Rome in an escalating row over the Italian government’s decision to block access for a migrant rescue ship. Foreign Minister Enzo Moavero Milanesi summoned the ambassador to a morning meeting “following the statements made yesterday in Paris on the Aquarius affair,” his ministry said. French President Emmanuel Macron said that Italy ...

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• 13 June

  German diplomat calls on Europe to fill void left by US

  Bloomberg German Foreign Minister Heiko Maas called on European nations to unite and fill the void left by the US drawback from global agreements that have underpinned the trans-Atlantic relationship for decades. “Under President Trump, the Atlantic has gotten wider. Trump’s isolationist policy has created a worldwide vacuum — that one can especially feel after the G-7,” Maas said. “The ...

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• 13 June

  Trump got trade right at the G-7: All tariffs must go

  

  President Donald Trump’s unexpected call to remove all trade barriers didn’t gain much traction with other Group of Seven (G-7) leaders, perhaps because they were fuming about the US president’s behaviour during the summit in Canada this weekend. But a partial implementation of the idea would be a good way to defuse the brewing trade war without preventing nations from ...

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