January, 2018

• 28 January

  Trump’s infrastructure push to be featured in State of Union

  

  Bloomberg President Donald Trump plans to use Tuesday’s State of the Union address to build momentum for sweeping legislation on infrastructure and immigration that could buoy the White House and fellow Republicans ahead of crucial midterm elections. Emboldened by a booming economy and victory in his stare-down with Senate Democrats over government funding, Trump will make the case that the ...

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• 28 January

  Czech election: Kremlin ally wins another term

  

  Bloomberg Czech President Milos Zeman, an ardent supporter of Russian leader Vladimir Putin, won a second term in an election victory after warning voters that sheltering Muslim immigrants could lead to terrorist attacks. Zeman, 73, who was also an early fan of US President Donald Trump, took 51.4 percent of votes in a two-day ballot, according results published by the ...

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• 28 January

  Zimbabwe opposition says Mnangagwa rule is illegitimate

  Bloomberg Zimbabwe’s opposition National People’s Party said the country’s new president, Emmerson Mnangagwa, lacks legitimacy and is overseeing military rule ahead of elections he says will take place before July. Mnangagwa should return Zimbabwe to legitimate civilian rule and introduce electoral reforms, Joice Mujuru, head of the NPP, said in an emailed statement. He must also undo “oppressive” legislation that ...

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• 28 January

  Europe approaches trade deal despite barriers

  

  Bloomberg Europe is approaching the next stop in its global market-opening drive aimed at countering US President Donald Trump’s protectionist tilt. Top officials from the European Union will meet with the Mercosur group of Argentina, Brazil, Paraguay and Uruguay on January 30 in Brussels to gauge the prospects for a free-trade deal that would follow groundbreaking commercial pacts with Japan ...

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• 28 January

  ‘Fiat Chrysler-UAW contracts not tainted’

  

  Bloomberg The president of the United Auto Workers denied that contracts with Fiat Chrysler Automobiles NV were tainted by a scheme in which top labour negotiators were enriching themselves from a union training fund. In a letter to UAW members, President Dennis Williams said Fiat Chrysler’s former top labour negotiator “by his own admission is a crook and a liar.” ...

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• 28 January

  Alphabet launches new cybersecurity unit

  

  Bloomberg Google has a new sister: Parent company Alphabet Inc. announced the formation of a new subsidiary company, called Chronicle, focussed on cybersecurity. Chronicle was formed in 2016 inside of X, Alphabet’s experimental lab that has produced its driverless car effort, Waymo, and projects on drones, internet connectivity and the Google Glass headset. In the announcement, the new company stressed ...

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• 28 January

  Trump says he’d be ‘tougher’ than May in Brexit talks

  

  Bloomberg Donald Trump has criticised the way UK Prime Minister Theresa May is negotiating Brexit, saying he would take a “tougher” line with the European Union in the talks. Only three days after putting on a show of unity with May at the World Economic Forum in Davos, Trump risked reopening the wounds in the so-called “special relationship” between Britain ...

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• 28 January

  Dell mulls return to market four years after going private

  

  Bloomberg Just over four years since Michael Dell took his namesake PC company private, the billionaire is considering taking Dell Technologies public again in a move to help it raise cash and reduce its substantial debt. An initial public offering would undo one of the biggest leveraged buyouts the tech industry has ever seen. The board is meeting later this ...

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• 28 January

  Aramco CEO: Post-IPO tax burden will link to oil prices

  

  Bloomberg Saudi Aramco’s chief executive said the most important tax paid by the state-owned energy giant will fluctuate with the price of oil, a significant move ahead of the company’s initial public offering this year. Adjusting the 20 percent royalty on oil revenue Aramco currently pays would help the kingdom to raise extra money if prices climb. While not unusual ...

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• 28 January

  US gas gurus divided between warm spell bears and $4 bulls

  Bloomberg US natural gas soothsayers are at a stalemate. Bulls say more arctic air may vault futures above $4 for the first time since 2014. Bears see the February contract expiration and a warm spell dragging them lower. Welcome to the suddenly uncertain world of fuel trading. Eight of 17 traders and analysts surveyed by Bloomberg News predicted prices that ...

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