March, 2018

• 11 March

  UK lawmakers angry after Carillion paid millions to advisers

  

  Bloomberg British lawmakers released documents that show law firms and consultants got millions of pounds from Carillion Plc, a day before the failing company’s chairman asked for an emergency government loan in a letter that one committee head called a “ransom note.” Carillion’s board requested $13.9 million after paying more than 6 million pounds to companies including Ernst & Young ...

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• 11 March

  Trump ‘clarity’ on tariffs not what EU looked for

  

  Bloomberg Hours after EU trade chief Cecilia Malmstrom said she had “no immediate clarity” on whether the bloc will be let off the hook from planned US tariffs, President Donald Trump laid down his conditions and repeated a threat if they’re not met. “The European Union, wonderful countries who treat the US very badly on trade, are complaining about the ...

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• 11 March

  Brexit rift among Tories revealed in leavers’ WhatsApp messages

  

  Bloomberg A leak of WhatsApp chats from a Conservative Party group that favours a complete UK withdrawal from the European Union shows the breadth of animosity among factions in the governing party and the possible threat posed to a uneasy truce. The messages, published by BuzzFeed on March 10, are from the WhatsApp forum of the European Research Group, which ...

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• 11 March

  British government seeks public’s advice on cutting plastic use

  Bloomberg UK Chancellor of the Exchequer Philip Hammond will seek the public’s view on how the country can be a leader in reducing plastic waste. Suggestions will be sought on how the tax system can be used to encourage new technology and bring about behavioral change required to cut the usage of single-use plastics, the Chancellor said. The consultation will ...

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• 11 March

  Outsize gains in US employment show scope for economic growth

  

  Bloomberg The US labour market still has plenty of room to run. That’s the message from government data on March 10, which gave multiple indications America’s jobs situation isn’t as tight as previously thought, sending stocks and bond yields higher. Employers added the most workers since mid-2016, the participation rate rose by the most in almost eight years despite downward ...

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• 11 March

  China ties its future to Xi as congress repeals term limits

  

  Bloomberg China’s parliament voted to repeal presidential term limits, allowing President Xi Jinping to keep power indefinitely in a formal break from succession rules set up after Mao Zedong’s turbulent rule. All but five of the almost 3,000 National People’s Congress dep-uties present on Sunday supported the measure to strike a constitutional provision barring the president from serving more than ...

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• 11 March

  Italy’s ruling party to discuss kingmaker role after vote loss

  

  Bloomberg Italy’s ruling party will discuss whether it should play the role of potential kingmaker following its defeat in inconclusive elections a week ago as it plots a course forward without former Prime Minister Matteo Renzi. The Democratic Party’s leadership will meet in Rome on Monday to acknowledge the resignation of Renzi, its general secretary. It will also begin discussion ...

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• 11 March

  Trump is confident meeting with Kim will go ‘very well’

  

  Bloomberg US President Donald Trump’s apparently impromptu decision to begin setting up talks contrasts with Kim’s situation — North Korea has prepared deliberately for decades for a meeting with the sitting US president as a major step towards gaining international legitimacy. Leaving the White House for a rally in Pennsylvania, Trump told reporters that “We’re doing something very special. We ...

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• 11 March

  Romania’s Dragnea tightens grip on power

  

  Bloomberg Romania’s de facto leader strengthened his grip on power by helping elevate an ally to a pivotal post within the ruling party. Social Democrat boss Liviu Dragnea’s proposal to make Prime Minister Viorica Dancila executive president was approved by the party’s congress, which is usually convened every four years, after two other candidates withdrew before the vote. The move ...

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• 11 March

  Sierra Leone vote may see run-off

  

  Bloomberg Presidential elections in Sierra Leone will probably go to a second round as the two main political parties remain neck-and-neck with half the votes counted. The count of 50 percent of the ballots showed that the ruling All People’s Congress got 566,113 votes, while the main opposition Sierra Leone People’s Party obtained 564,687 votes, according to the National Electoral ...

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