June, 2018

• 6 June

  HP plans to cut 5000 jobs by end of 2019

  

  Bloomberg HP Inc., the world’s largest personal-computer maker, increased its planned job cuts to 4,500 to 5,000 employees by the end of fiscal 2019, or as many as 1,000 more than the company had estimated as part of a reorganisation unveiled almost two years ago. The company will incur pretax restructuring charges of about $700 million for the job cuts, ...

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• 6 June

  California, carmakers come to agreement on emissions standards

  

  Bloomberg California and the auto industry mostly agree that the state should maintain a role in setting vehicle emissions standards despite Trump admin- istration efforts to curb its authority, according to the head of the California Air Resources Board. “We are now, I think it is fair to say, in a confusing situation,” Mary Nichols said at the Edison Electric ...

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• 6 June

  Imerys unit settles Talc claims for $5mn

  

  Bloomberg A unit of Imerys SA agreed to settle claims by 22 women that talc it supplied to Johnson & Johnson for baby powder was tainted with asbestos and caused their cancers. The Paris-based minerals company’s unit didn’t acknowledge that the talc was tainted or dangerous. The terms of the settlement are closely guarded and won’t be made public. But ...

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• 6 June

  Breakneck pace of US job gains seen getting tougher to sustain

  

  Bloomberg US job growth in May vaulted payroll gains above 1 million in 2018, reaching the milestone a month earlier than in the past two years. Whether the labor market can maintain such a breakneck pace amid a diminishing pool of skilled workers is another question. Employers added 223,000 jobs last month, more than forecast and bringing payroll gains for ...

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• 6 June

  For Abe, Japan’s abductees top missiles in Trump-Kim talks

  

  Bloomberg Prime Minister Shinzo Abe has plenty to worry about ahead of Donald Trump’s meeting with Kim Jong-un next week, including the prospect of a deal that undermines Japan’s six-decade security alliance with the US and leaves the island nation vulnerable to attack. But it’s another issue that will top Abe’s agenda when he meets Trump at the White House ...

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• 6 June

  Nigerian lawmakers draw battle line for Buhari as vote looms

  Bloomberg Nigerian lawmakers drew a battle line with President Muhammadu Buhari ahead of February elections by issuing a list of demands that must be met or they will take unspecified legislative measures against him. Buhari is expected to end widespread insecurity and violence in the country, stop the “systematic harassment and humiliation” of political opponents and show sincerity in his ...

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• 6 June

  Brexit Conservative rebels back pact on single market

  

  Bloomberg Twelve Conservative lawmakers have signed an amendment calling on Theresa May to abandon her Brexit strategy and keep the UK in the single market after the divorce. The move — less than 24 hours after the opposition Labour Party shifted its position toward keeping closer ties with the bloc — has the potential to change May’s Brexit stance as ...

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• 6 June

  Kim should commit to disarmament timetable: US

  

  Bloomberg The White House wants North Korean leader Kim Jong-un to commit to a timetable to surrender his country’s nuclear arsenal when he meets President Donald Trump next week in Singapore, a high-stakes summit that could last as long as two days — or just minutes. Trump has been advised not to offer Kim any concessions, as the White House ...

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• 6 June

  Ex-cricketer Imran Khan woos Pakistan’s turncoat politicians

  

  Bloomberg Pakistan’s politicians are defecting in increasing numbers to the party of opposition leader and former cricket star Imran Khan, a shift that shows his rising influence and prompted allegations he enjoys the support of the country’s powerful military. The intensified jockeying comes ahead of a national election on July 25. So far this year 248 politicians, including dozens of ...

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• 6 June

  Macron’s grand European dream is out of reach

  

  European leaders will meet in Brussels at the end of June to discuss how much deeper to push the euro zone’s monetary union. While there’s been plenty of hype about the summit, it risks being a disappointment. Most of it will just confirm what’s already been agreed. And, in typical European fashion, many big questions will remain unresolved – until ...

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