TimeLine Layout

May, 2018

  • 20 May

    Tesla urged to split chairman’s role from Musk

    Bloomberg The largest proxy advisory firm is recommending that investors reject two of Tesla Inc.’s board members, while also supporting a proposal to split the role of chairman and chief executive officer — jobs now held by Elon Musk, the public face of the electric-car maker. By opposing directors Antonio Gracias and James Murdoch, and seeking to install an independent ...

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  • 20 May

    Vale boss prefers giving away windfall to avoid sins of past

    Bloomberg Vale SA, once the most generous dividend payer among major mining companies, may be poised to regain that status with its chief executive officer nearing debt targets and unwilling to hoard cash or rush into deals. Like others in the industry, the biggest producer of iron ore and nickel cut dividends to defend against a commodity downturn that eroded ...

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  • 20 May

    Facebook rethinks news organisations as political advertisers

    Bloomberg Facebook Inc. doesn’t know how news organisations will fit into an initiative to provide transparency for political advertising on its social network. The company came up with a policy that puts news publishers in the same category as political publishers for the purposes of its new ad-transparency efforts. Facebook told media organisations they would have to verify their identities ...

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  • 20 May

    Russia to US: Talk to Taliban or face endless bloody war

    Bloomberg Russia said the US will have to drop its opposition to negotiating directly with the Taliban on the eventual pullout of American troops from Afghanistan or face a grinding and bloody war for years to come. The US refusal to talk with the hard-line extremist movement that controls 40 percent of Afghan territory is “why we are at a ...

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  • 20 May

    Manila won’t oppose China on sea activity: Duterte

    Bloomberg Philippines President Rodrigo Duterte reiterated that he would not provoke China into a war following reports that the Chinese military landed long-range bombers on an airport in the South China Sea. “You know they have the planes, not stationed in Spratly but near the provinces facing — Chinese provinces facing the Spratly and the China Sea. And with their ...

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  • 20 May

    Malaysia considers probing Najib for abuse of power

    Bloomberg Malaysian PM Mahathir Mohamad’s government is considering investigating former leader Najib Razak for abuse of power, as it intensifies efforts to seek evidence of wrongdoing at scandal-plagued state fund 1MDB just days after taking office. Najib has been summoned to the Malaysian Anti-Corruption Commission’s office to aid in a 1MDB-related probe, Bernama news agency cited an unidentified MACC official ...

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  • 20 May

    Crisis, boycott overshadow Venezuela vote

    Bloomberg Venezuela held an election on Sunday that will be ignored by much of the country, but could set its path for decades to come. President Nicolas Maduro, fighting to keep control of a restive state, called a vote months earlier than it’s traditionally held. In doing so, he defied the international community and risks further punishment for a nation ...

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  • 20 May

    Rajoy’s Catalan challenge returns with threat to budget

    Bloomberg Spanish PM Mariano Rajoy faces a resurgent confrontation with Catalonia over the regional government’s choice of leaders, threatening passage of his 2018 budget. Rajoy’s government left open the option of vetoing a slate of senior officials proposed by regional chief Joaquim Torra on Saturday, saying it’s a provocation that he nominated people who are in prison or wanted by ...

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  • 20 May

    Ghana ex-president says he won’t ‘disappoint’ supporters on vote

    Bloomberg Ghana’s former President John Dramani Mahama said he won’t “disappoint” his supporters who are calling on him to stand as a presidential candidate in the 2020 elections. “To you the teeming supporters and sympathisers calling and requesting me to declare my intentions for the future, I wish to assure you today, that as a servant leader, I have listened ...

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  • 20 May

    China’s economy is actually too frail to force open

    US demands that China either open up to increased foreign competition or agree on hard targets for boosting imports overlook the weakness of that nation’s economy. If President Donald Trump’s team doesn’t recognize this fragility and Beijing’s wariness, it overlooks a profound unspoken worry. Few are inclined to think of the Chinese economy as wobbly. According to official data, 2017 ...

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