March, 2018

• 3 March

  Mothercare starts debt talks amid tough market situations

  

  Bloomberg Mothercare Plc has started talks with its lenders seeking a reprieve on debt terms amid challenging market conditions that have left it needing to borrow more. The UK-based childrenswear retailer will need to draw on existing debt facilities up to their limits while it seeks new financing in the next financial year, it said in a statement. HSBC Holdings ...

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• 3 March

  May’s Brexit vision to see industries staying aligned with EU rules

  

  Bloomberg UK Prime Minister Theresa May’s vision for post-Brexit Britain would see some industries stay aligned with EU rules—with others breaking free entirely. Her plan could change how banks operate as well as raise costs for holidaymakers using their smartphones. Below are some key takeaways from her speech in central London. Financial Services UK-based banks and other financial services companies will ...

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• 3 March

  Amsterdam prepares for bumper crop of IPOs

  

  Bloomberg The Dutch IPO drought is over. With at least four confirmed initial public offerings in Amsterdam, 2018 is already looking twice as busy as all of 2017. Alfen Beheer BV, which makes charging stations for electrical vehicles, became the third company this week to announce its intention to list in Amsterdam, joining merchant bank NIBC Holding NV and wholesaler ...

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• 3 March

  Toyota says Trump’s tariffs to ‘adversely impact’ automakers

  

  Bloomberg The auto industry is warning that US sales declines, which have become routine over the past year, may continue thanks to the tariffs President Donald Trump plans to slap on steel and aluminum imports. Toyota Motor Corp., which plans to build a new $1.6 billion factory in Alabama with Mazda Motor Corp., said the administration’s decision will “adversely impact” ...

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• 3 March

  Italy’s election at endgame as Berlusconi fights Five Star

  

  Bloomberg Italians vote on Sunday in an election that pits several shades of populists against the mainstream and which may only succeed in further clouding the political landscape. The anti-establishment Five Star Movement was on track to be the biggest single party when a polling blackout began on February 17, though only Silvio Berlusconi’s center-right coalition was within reach of ...

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• 3 March

  Slovaks hit streets against corruption after journo killed

  

  Bloomberg Thousands of people took to the streets across Slovakia to protest against corruption after the murder of a journalist who reported on alleged links between organised cri-me gangs and people close to the government. More than 10,000 people marched in freezing temperatures in the capital Bratislava and thousands more gathered in other cities, according to newspaper reports and television ...

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• 3 March

  SDP to reveal votes on coalition with Merkel

  

  Bloomberg Angela Merkel is about to discover if she can begin a fourth term as German chancellor or if she’s headed for another election. With stable government in Europe’s biggest economy at stake, Germany’s Social Democratic Party plans to reveal on Sunday whether its members have voted to extend their coalition with Merkel through 2021. It’s the culmination of more ...

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• 3 March

  Cameroon appoints top Anglophones in cabinet

  Bloomberg Cameroonian President Paul Biya announced a government change, creating a new ministry and appointing two officials from the nation’s Anglophone regions to top positions in an apparent bid to address a secessionist crisis in the central African nation. Biya, 85, established a Ministry of Decentralization and Local Development and named Paul Atanga Nji, who hails from the restive Northwest ...

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• 3 March

  May’s red lines begin to blur even as she clings to Brexit dream

  

  Bloomberg Theresa May has started to compromise on the ambitious vision for Brexit that has prevented her fractious government from splitting apart, with a blunt warning that “hard facts” can’t be ignored any longer. For the first time, the British prime minister admitted there are contradictions in her negotiating aims and raised the prospect of diluting her own red lines. ...

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• 3 March

  How fossil fuels survive

  

  Anyone who tells you that dealing with climate change is simply a matter of sweeping away the obstructionism of oil companies is living in a dream world. The real obstacle is us — our vast dependence on fossil fuels and the difficulty of extricating ourselves without crippling the world economy. It’s true that the Trump administration has withdrawn from the ...

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