April, 2018

• 28 April

  Emerging-market investors have some memory issues

  If you’re ever looking for examples of hope triumphing over experience, look no further than the emerging-market economies. Even as the Federal Reserve tightens US monetary policy, both investors and policymakers in those economies seem to be in denial about the likely fallout, clinging to the hope that somehow the impact of this round of global liquidity tightening will be ...

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• 28 April

  Demand for second citizenship rises 73%

  

  Hassan Soukar Over the past few years there has been a remarkable surge in demand for second citizenships among high-net-worth expatriates living in the UAE. But the spike in interest for acquiring second passports has been all-time high in the first three months of 2018. The whole industry is coming of age. The second passports are not only seen just ...

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• 28 April

  Amazon delivers goods to GM, Volvo trunks in US

  

  Bloomberg Amazon.com Inc. has partnered with General Motors Co. and Volvo Cars to deliver packages to car trunks in 37 US cities, as the e-commerce giant seeks new delivery methods for customers who may be wary of leaving packages outside or allowing couriers into their homes. The app-based service, which lets car owners provide delivery agents with keyless access to ...

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• 28 April

  Alibaba gets its smart assistant into Chinese Mercedes, Audis

  

  Bloomberg Alibaba Group Holding Ltd. is getting its digital assistant into Mercedes-Benzes, Audis and Volvos in China, enlisting a clutch of global automakers in an effort to popularise the year-old technology for everything from shopping to home security. Daimler AG, Volkswagen AG and Zhejiang Geely Holding Group Co.’s Volvo join some 100 brands Alibaba says it’s partnered with. The Chinese ...

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• 28 April

  IBM’s blockchain tech to track jewels from mine to retail stores

  

  Bloomberg International Business Machines Corp., a group of four gold and diamond industry companies and an independent laboratory are developing a blockchain network for tracing the provenance of finished pieces of jewelry from mine to store. The TrustChain Initiative, which will run on IBM’s technology, includes precious-metals refiner Asahi Refining, US jewellery retailer Helzberg Diamonds, precious-metals supplier LeachGarner, jewellery-maker the ...

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• 28 April

  China, India to avoid military conflict along Himalayan border

  

  Bloomberg The leaders of Asia’s two most-populous countries agreed to strengthen communication between their two militaries to avoid disputes along their contested Himalayan border, after last year’s months-long standoff over territory in Bhutan. Chinese President Xi Jinping and Indian Prime Minister Narendra Modi met for an “informal summit” in China’s central city of Wuhan on April 27 and on Saturday. ...

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• 28 April

  Latin America’s most unpopular presidency grinds to standstill

  

  Bloomberg Earlier this week Brazil’s President Michel Temer called the ten Senate leaders of his ruling coalition to discuss the year’s legislative agenda. Only four showed up. Later that same day, the plenary of the lower house, which was due to vote on key bills to help the country recover from the worst recession on record, was conspicuously empty. Instead, ...

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• 28 April

  Two Koreas agree to end war this year, pursue denuclearisation

  

  Bloomberg North Korean leader Kim Jong-un and South Korean President Moon Jae-in agreed on April 27 to finally end a seven-decade war this year, and pursue the “complete denucleariaation” of the Korean Peninsula. US President Donald Trump hailed the move, declaring “KOREAN WAR TO END!” on Twitter. He’s agreed to meet with Kim at a time and place yet to ...

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• 28 April

  Trump shows Merkel, Macron ‘Europe’s clout is waning’

  

  Bloomberg Europe’s preeminent leaders gave it their best shot this week. All signs are it didn’t work. France’s Emmanuel Macron and Germany’s Angela Merkel made their separate ways to Washington with a joint mission: to persuade President Donald Trump to stay in the Iran nuclear accord and grant the European Union a reprieve from US tariffs on steel and aluminum. ...

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• 28 April

  Donald Trump campaign chided for poor judgment

  

  Bloomberg House Republicans chided both the Trump and Clinton campaigns for poor judgment over their contacts with Russia, even as they dismissed the notion of collusion with Moscow in concluding an investigation riven by bitter partisanship. While President Donald Trump’s campaign didn’t work directly with Moscow, some of his senior advisers erred by meeting in 2016 with a Russian lawyer ...

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