December, 2017

• 9 December

  Facebook co-founder backs first Indian startup

  Bloomberg Facebook Inc. co-founder Eduardo Saverin is participating in a $40 million investment in Mswipe Technologies, his first foray into the India startup market. Saverin’s B Capital Group and DSG Consumer Partners are leading the funding round, which also includes Ratan Tata’s UC-RNT Fund, Matrix Partners India and Falcon Edge Capital. Saverin will join the company’s board and work with ...

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• 9 December

  Chinese billionaire plans IPO of $12bn property arm

  Bloomberg Chinese billionaire He Xiangjian, who founded the world’s largest appliance maker Midea Group Co., is planning an initial public offering of his real estate business, according to people with knowledge of the matter. Guangdong Midea Property Co. has been speaking with investment banks about a potential Hong Kong share sale that could take place in 2018, the people said. ...

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• 9 December

  Ex-billionaire Vijay Mallya lives on $6,700 a week after court order

  

  Bloomberg Vijay Mallya is becoming something of a fixture in London courts. As the tycoon fights his extradition back to India on fraud charges, another set of lawyers is trying to overturn a $1.5 billion worldwide freezing order against him across town. In the meantime, Mallya has to get by on 5,000 pounds a week, according to court documents. A ...

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• 9 December

  Israeli planes hit Gaza as Jerusalem crisis deepens

  

  Bloomberg Israeli fighter jets struck Hamas targets in the Gaza Strip, killing at least two people, in response to rockets fired by Palestinian protesters into Israel. The clashes came as Muslims took to the streets from the West Bank to Jakarta to protest US President Donald Trump’s move to recognise contested Jerusalem as Israel’s capital. Violence associated with the “Day ...

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• 9 December

  ‘Macron doesn’t get everything right on Europe’

  

  Bloomberg Martin Schulz signalled he wouldn’t give France a blank check on European policy if he takes the party into a government with Chancellor Angela Merkel. Fresh from re-election as head of Germany’s second-biggest party, Schulz combined a defense of his call for a “United States of Europe” by 2025 with a message to French President Emmanuel Macron. Schulz has ...

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• 9 December

  Honduras election row drags on with no winner

  Bloomberg Honduras is headed into its third week without a winner in presidential elections amid a political standoff between the two leading candidates and few signs its worst crisis in a decade is about to end. The Central American country of 9 million has slipped into a full-blown constitutional emergency since a chaotic November 26 election ended in claims that ...

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• 9 December

  Brexit deal lets May kick ‘questions of future’

  

  Bloomberg The nail-biting finish to the first chapter of Brexit negotiations has left many Conservative lawmakers praising Prime Minister Theresa May as a winner who had, in the words of one prominent member of her Cabinet, “confounded her critics.” But like many of the key Brexit issues, the question of May’s future is merely delayed, not resolved and even the ...

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• 9 December

  ‘South Africa’s ruling ANC faces challenge to unite party’

  Bloomberg Cyril Ramaphosa, one of two leading candidates to win a divisive contest for the presidency of South Africa’s ruling Afri- can National Congress, said the party’s leaders must unite the party after this month’s elective conference. “Our movement is divided and there are factions in our movement,” Ramaphosa, the country’s deputy president, said in a program on Johannesburg-based radio ...

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• 9 December

  The Republicans’ tax wager is worth trying

  

  The Republicans’ tax legislation is built on economic projections that are as confidently as they are cheerfully made concerning the legislation’s shaping effect on the economy over the next 10 years. This claim to prescience must amaze alumni of Bear Stearns and Lehman Brothers, which were 85 and 158 years old, respectively, when they expired less than 10 years ago ...

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• 9 December

  How Google and Facebook could save net neutrality

  

  Next week, five members of a regulatory committee will make a decision about one of the biggest threats to democratic discourse Americans have faced in our lifetimes — and it isn’t looking good. On December 14, the Federal Communications Commission will vote on a proposal to end net neutrality. This means that internet service providers would be able to block, ...

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