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Bloomberg Novartis AG’s top lawyer became the first executive to take the fall for the controversial $1.2 million in payments he helped arrange to Donald Trump’s attorney, as the drugmaker tries to contain the furor from last week’s revelation. Felix Ehrat, who along with former Chief Executive Officer Joe Jimenez signed the agreement with a consulting firm led by lawyer ...
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May, 2018
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16 May
Hot US housing bonds are getting riskier as investors pile in
Bloomberg Riskier US mortgages are creeping back into the bond market again. The loans in question are nowhere near the toxic mortgages that brought down the financial system last decade. But they’re being made to people with lower credit scores and with more debt relative to their income. And in separate transactions tied to rental homes, Wall Street banks are ...
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16 May
Kim threatens to scrap Trump meeting on nuclear demands
Bloomberg North Korea threatened to walk away from its meeting with President Donald Trump next month if the US made a “one-sided demand†for the regime to surrender its nuclear weapons. Kim Kye Gwan, a vice foreign minister and a top North Korea disarmament negotiator, said the regime was disappointed by recent comments from the US on their goals for ...
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16 May
EU president blasts Trump’s Europe stance
Bloomberg The European Union must cope with the “capricious assertiveness†of President Donald Trump’s administration just as it has to deal with the rise of China and Russian aggression, EU President Donald Tusk said. “Looking at the latest decisions of President Trump, some could even think: ‘With friends like that, who needs enemies?â€â€™ Tusk told reporters before a summit of ...
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16 May
US sanctions Iran central bank governor for terrorism aid
Bloomberg The US Treasury Department imposed sanctions on Iran’s central bank governor and another senior official in the bank for allegedly providing support for terrorist activities, drawing condemnation from Tehran. The latest escalation in tensions came as European officials gathered with Iran’s foreign minister in Brussels to find ways to salvage the 2015 Iranian nuclear deal following President Donald Trump’s ...
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16 May
Malaysia’s Anwar freed, paving way for return to politics
Bloomberg Malaysian politician Anwar Ibrahim is a free man just one week after his coalition’s shock election win and after more than three years in jail. Still, while it clears the way for him to return to politics, it’s unlikely he will take over as premier anytime soon. Anwar walked late morning from a hospital where he’d been receiving treatment, ...
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16 May
EU to lose key ally in Slovakia as president won’t seek new term
Bloomberg Slovak President Andrej Kiska won’t seek a second term in next year’s election, removing a key pro-European voice in a country that is at the center of a region gripped by a rise of euroskeptic and anti-establishment sentiment. Kiska told a news conference that he would step aside, saying some of his decisions had divided society. His departure would ...
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16 May
Russia probe in Congress puts ‘unity’ to test
Bloomberg Unlike just about everyone else on Capitol Hill, the Republican and the Democrat who head the Senate Intelligence Committee have made a determined show of bipartisanship in their Russia probe. Soon that unity will be put to the test. From the start of the Senate committee’s probe in January 2017, Chairman Richard Burr and top Democrat Mark Warner sought ...
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16 May
Scottish parliament rejects Brexit bill in challenge to May
Bloomberg The Scottish Parliament voted against Theresa May’s landmark Brexit legislation, setting up a potential constitutional crisis and further complicating the path to an orderly departure. Lawmakers in Edinburgh voted 93-30 to withhold consent for the EU withdrawal bill. The UK can disregard the vote, but it would be the first time London asserts its dominance over the regional parliament. ...
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16 May
Ericsson wins plea to push Anil Ambani’s RCom into insolvency
Bloomberg An Indian tribunal ordered billionaire Anil Ambani’s Reliance Communications Ltd. be placed under insolvency proceedings, jeopardising the phone company’s proposed $3.7 billion asset sale to Reliance Jio Infocomm Ltd. The Mumbai bench of the National Company Law Tribunal on Tuesday accepted a petition from the Indian unit of network-equipment maker Ericsson AB, which is seeking to recover 11.6 billion ...
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