June, 2018

• 11 June

  Factory, manufacturing output fall casts doubt over British economy

  

  Bloomberg UK manufacturing output fell the most in 5 1/2 years in April and construction posted a smaller-than- expected gain, casting fresh doubt over the health of the economy. The pound fell. Factory production shrank 1.4 percent, the most since 2012, the Office for National Statistics said. Economists had expected an increase. Building output rose 0.5 percent, well short of ...

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• 11 June

  Apple, Qualcomm legal tangle heading for clarity as trials begin

  

  Bloomberg After more than a year of vicious accusations and a flurry of lawsuits and counter claims, Apple Inc. and Qualcomm Inc’s multi-billion-dollar legal dispute is about to get serious. Hearings in the three most important markets — US, China and Germany — will soon determine whether Apple’s attempt to save itself billions in technology licensing payments by forcing one ...

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• 11 June

  Italy’s industrial output declines in April

  Bloomberg Italian industrial production declined far more than expected in April, adding to signs of a slowdown in economic growth just as the new government tries to reassure investors on the country’s outlook. Output decreased 1.2 percent from March, when it rose 1.2 percent, national statistics institute Istat said in Rome. Economists had predicted it would fall 0.5 percent in ...

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• 11 June

  Trump tariffs: Firms dangle cash prizes in lobbying push

  

  Bloomberg Some US companies anxious for exclusions from Donald Trump’s tariffs are turning to creative ways to get the president’s attention. One Texas steel pipe maker is promising that it will invest millions and hire new workers in return for a temporary break on tariffs. It’s also offering its employees cash prizes for writing the best postcards to Trump advocating ...

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• 11 June

  China’s ‘jet diplomacy’ shows influence in Trump-Kim talks

  

  Bloomberg China isn’t officially represented in the historic talks between US President Donald Trump and North Korean leader Kim Jong-un, but that hasn’t stopped Beijing from making its presence felt. Kim arrived in the city state on Sunday aboard a Boeing 747 operated by Air China Ltd., China’s state-run flagship carrier. The flight was both a potent display of China’s ...

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• 11 June

  Pompeo: Sanctions to remain until North Korea denuclearises

  

  Bloomberg The US plans to keep economic sanctions in place until North Korea eliminates its nuclear weapons capability yet is prepared to offer “unique” guarantees to ease the regime’s security concerns, Secretary of State Mike Pompeo said. The top US diplomat emphasized that complete denuclearisation “is the only outcome that the United States will accept” from North Korea, sending a ...

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• 11 June

  League surges as Salvini slams door on migrants

  

  Bloomberg Italian voters rallied behind the center-right in local elections as its leader, Interior Minister Matteo Salvini, left a boat with over 600 migrants stranded in the Mediterranean. As Italy’s populist government dials back its challenge to the European Union’s budget rules, Salvini is dramatising his commitment to turning the tide on immigration. Salvini visited Como in northern Italy to ...

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• 11 June

  ‘Mini 1MDBs’ rife across Malaysia, says PM adviser

  Bloomberg Malaysia has discovered “many mini 1MDBs” in its campaign to root out corruption in the state, according to a top adviser to PM Mahathir Mohamad, signaling the wrongdoing unearthed at the debt-ridden fund may be more widespread. Daim Zainuddin, 80, who was appointed by Mahathir to head up a Council of Eminent Persons to advise the new government on ...

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• 11 June

  Merkel backs US-Russia summit in nod to Trump

  

  Bloomberg German Chancellor Angela Merkel said she favours a US-Russian summit, seeking to point global diplomacy forward after a tumultuous meeting of Group of Seven leaders. Russian President Vladimir Putin wasn’t invited to the G-7 summit in Canada, although US President Donald Trump suggested he be readmitted. In an echo of Cold War meetings on neutral ground, Austria is encouraging ...

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• 11 June

  ‘Serbia must be clear it chooses EU over Russia’

  Bloomberg Serbia’s government mustn’t send conflicting signals about its strategic goal of joining the European Union rather than aligning with Russia, Deputy Premier Zorana Mihajlovic said in a thinly veiled rebuke of her party’s ruling partners. “We who lead Serbia should more clearly say so, to avoid the situations which in the morning we want to be in the EU, ...

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