March, 2018

• 26 March

  Europe’s $38bn a year carbon market finally starting to work

  

  Bloomberg Europe’s $38 billion a year carbon market is finally starting to work the way it was intended, reining in pollution with a minimum of squealing from industry. Thirteen years after it was created to limit carbon-dioxide emissions, prices for the allowances are rising. European Union policymakers have enacted measures expected to keep the cost of pollution on an upward ...

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• 26 March

  Irish packaging firm rejects $11bn International Paper bid

  

  Bloomberg Irish packaging company Smurfit Kappa Group Plc rejected a sweetened 8.9 billion euro ($11 billion) takeover bid from International Paper Co., testing the US suitor’s resolve as the industry gains from a boom in online shopping deliveries. Smurfit’s board spurned a revised offer of 37.54 euros per share, according to a statement, adding that International Paper’s original offer was ...

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• 26 March

  Donald Trump veers into ‘uncharted trade territory’

  

  Bloomberg The Trump administration is under growing pressure to explain the details of its trade policies after fears of a tit-for-tat economic conflict between the US and China sent stocks tumbling. Businesses and investors are awaiting details in the coming days of the proposed product list for the tariffs on roughly $50 billion in Chinese imports President Donald Trump announced. ...

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• 26 March

  Facebook denies reports it logs call data secretly

  Bloomberg Facebook Inc. has denied that the company secretly logs the calls and messages of individuals using Android mobile devices, following media reports and user complaints. In a blog post, the company said that logging is part of opt-in feature for individuals using Messenger or Facebook Lite on Android, and that it can be turned off in settings. “People have ...

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• 26 March

  Ford’s Lincoln looks to SUVs for salvation as car models stall

  

  Bloomberg Just two years after Ford Motor Co. bet the revival of its Lincoln luxury line on the return of the Continental sedan, it’s reversing course and going all in on sport utility vehicles instead. Despite its retro Rat Pack allusions and elegant evocation of Bentley styling, the Continental didn’t sell as expected. Sales are down 30 percent this year, ...

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• 26 March

  Polls open in Egypt presidential vote

  

  Reuters Egyptians began voting on Monday in a presidential election set to deliver an easy win for incumbent Abdel Fattah Al Sisi, with turnout the main focus. Polling stations will be open for three days and Sisi, a former military commander, has urged Egyptians to vote, hinting that he sees the election as a referendum on his first four-year term. ...

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• 26 March

  Saudia Arabia intercepts seven Houthi missiles

  WAM The Spokesman of the Arab Coalition Forces Supporting Legitimacy in Yemen, Colonel Turki bin Saleh Al-Malki, on Sunday night said that air defence forces have intercepted seven ballistic missiles from within Yemeni territory towards Saudi Arabia, reported the Saudi Press Agency (SPA). According to Colonel Al-Maliki, three of the missiles were heading towards Riyadh, while another targeted the city ...

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• 26 March

  Russia shopping mall fire kills 64

  

  Reuters At least 64 people have been killed after a fire swept through a shopping mall in the Siberian city of Kemerovo. More than 100 people were evacuated as the fire tore through the building on Sunday night and people were seen jumping from windows. As dawn broke in Russia’s coal-producing Kemerovo region, heavy black smoke was still billowing. Rescue ...

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• 26 March

  Trump expels 60 Russian diplomats

  Bloomberg In the US and across the European Union, a number of Russia diplomats are being expelled in a coordinated response to the nerve-agent poisoning of a former Russian spy in the UK. President Donald Trump has ordered the departure of 60 Russian diplomats. Russia is poised to respond in kind while 14 European nations are unrolling their own action. ...

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• 26 March

  Catalan separatists face reality check after Puigdemont held

  

  Bloomberg Carles Puigdemont’s removal from Catalonia’s political scene to a German jail forces the separatist movement to take a decision: keep bickering on the way ahead, or set aside outstanding differences and form a regional government. The former Catalan president’s detention in Germany on Sunday was hailed by anti-separatist forces as a decisive blow against the push for Catalan independence. ...

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