May, 2018

• 27 May

  CapCo mulls splitting firm as property market diverges

  Bloomberg The poster boy for London’s two-tier property market may be split in two. The board of Capital & Counties Properties Plc is considering dividing the company into a landlord that owns much of the Covent Garden neighborhood and a developer that owns land in the Earls Court district. Both companies would be publicly traded if the demerger goes ahead, ...

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• 27 May

  Diesel cars to die out in Tesla-like future, says EU regulator

  

  Bloomberg Consumers may do as much as regulators to propel the car sector into the electricity-powered age foreseen by Tesla Inc., according to the European Union’s industrial-policy chief. European Commissioner Elzbieta Bienkowska said the EU has had a “breakthrough moment” since Germany-based Volkswagen AG admitted in 2015 that it fitted diesel engines with software to cheat US checks on smog-causing ...

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• 27 May

  US-North Korea talks start to salvage Kim summit: Trump

  

  Bloomberg US President Donald Trump said his administration is holding direct talks with North Korea to salvage a summit with Kim Jong Un initially planned for Singapore next month. Trump told reporters that meetings were taking place “as we speak” in an unidentified location to push ahead with the summit, which he abruptly cancelled last week due to “open hostility” ...

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• 27 May

  Jailed US citizen visits White House after Venezuela release

  Bloomberg President Donald Trump pledged to soon bring home more Americans held overseas during a meeting at the White House with a US citizen imprisoned in Vene-zuela since 2016 who was released after pressure from Washington. “You went through a lot,” Trump told Joshua Holt at the Oval Office, where the former Mormon missionary was joined by his parents, his ...

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• 27 May

  Italy’s Conte fights to form team

  

  Bloomberg Italy’s novice premier-designate Giuseppe Conte struggled to form a populist government throughout the weekend, stranded between a president who objects to a euroskeptic candidate for the economy ministry, and a coalition ally threatening to force early elections. Conte, 53, is working on a list of ministers to propose to Sergio Mattarella, 76, the head of state whose task it ...

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• 27 May

  Libya conference in Paris to try again to solve crisis

  Bloomberg A conference to help resolve a seven-year crisis in Libya and lead to United Nations-backed elections in the North African country has been set for Paris on May 29. Four Libyans—UN-backed Prime Minister Fayez al-Serraj, eastern military stro-ngman Khalifa Haftar, the president of the eastern House of Representatives Aguila Saleh, and Khaled Al-Mishri, president of the High Council of ...

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• 27 May

  Rees-Mogg says he doesn’t want to oust May

  

  Bloomberg Outspoken Brexit supporter and frequent government critic Jacob Rees-Mogg said he’s not going to challenge Prime Minster Theresa May for her job. “I don’t wish to be prime minister, I’m very happy as a backbench minister in Parliament,” Rees-Mogg said on the BBC’s “Andrew Marr Show” on Sunday. “Of course I wouldn’t challenge the prime minister. The prime minister ...

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• 27 May

  Putin urges patience in Abe’s bid for islands’ deal

  Bloomberg Russian President Vladimir Putin urged patience in efforts to resolve a territorial dispute with Japan that’s lasted since World War II after Kremlin talks Saturday with Prime Minister Shinzo Abe, in a disappointment for the Asian country’s leader, who’s made striking a deal a priority. “It is important to patiently continue the search for a solution,’’ Putin said. Abe, ...

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• 27 May

  For EU, Italy is a bigger problem than Brexit

  

  The new government finally taking shape in Italy is one of the weirdest coalitions you could imagine — and a pretty effective combination if your aim was to sabotage the European Union. Although predictions about where this Italian misadventure is heading are difficult, it could easily be worse than Brexit for the EU. The coalition partners — the left-populist Five ...

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• 27 May

  Walmart regains e-commerce mojo

  

  Walmart Inc. shook investors earlier this year with an e-commerce stumble. Last week, it took a step towards reclaiming the narrative that it has a handle on its digital strategy. As the big-box retailer reported first-quarter earnings, much of the focus was on one number: Its US e-commerce growth. Walmart’s digital business had been booming for a while under Jet.com ...

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