July, 2017

• 29 July

  Top German automakers sued in ‘cartel’ case

  

  Bloomberg German’s major automakers were accused in a US lawsuit of acting as a cartel, colluding for nearly two decades to limit the pace of technological advances in their vehicles and stifle competition — allegations that widen the scope of the latest scandal to hit the nation’s auto industry. BMW AG, Daimler AG, Volkswagen AG and its Audi and Porsche ...

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• 29 July

  Netflix adds $500 mn credit for TV shows

  

  Bloomberg Netflix Inc., which has been spending billions of dollars on TV shows and movies for its online video service, lined up a $500 million revolving credit facility through five lenders including Deutsche Bank AG and Goldman Sachs Group Inc. The company has the option to increase the credit line by $250 million, according to a regulatory filing on Friday. ...

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• 29 July

  Waltham Forest tops London house price gains; beats Kensington

  

  Bloomberg Move over Kensington and Chelsea. The area of London that’s seen the biggest jump in property values over the past five years has been Waltham Forest. According to mortgage lender Halifax, prices in the capital’s northeast borough have jumped 93 percent since 2012 when the city hosted the Olympic Games nearby. That outstrips the 57 percent gain across Greater ...

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• 29 July

  Ford’s Turkey production plant shuts down

  

  Bloomberg An extended shutdown of a Ford production facility in Turkey is due to a supply shortage of a transmission produced in Bordeaux, according to people with direct knowledge of the matter, who asked not to be named because the issue hasn’t been publicly announced. The Ford Otosan plant in Yenikoy, Kocaeli province, a joint venture between Ford Motor Co. ...

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• 29 July

  Kim Jong Un says entire US in range of North Korea’s ICBM

  

  Bloomberg North Korean leader Kim Jong Un claimed he could strike the entire continental US after test-firing the regime’s second intercontinental ballistic missile within a month. Friday’s unusual late-night launch drew condemnation from the US and its allies, with the top American general calling his South Korean counterpart to discuss a potential military response. President Donald Trump said the test ...

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• 29 July

  Pakistan’s ruling party set to choose younger Sharif as new premier

  Bloomberg Pakistan’s ruling party will nominate Punjab’s Chief Minister Shehbaz Sharif as prime minister ahead of elections next year, after his older brother resigned from the post following a historic Supreme Court ruling on Friday that barred him from office. Shehbaz Sharif, 65, will step down from his current position heading the province which is the family’s heartland and vote ...

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• 29 July

  Video shows three men taken by Boko Haram

  Bloomberg Three University of Maiduguri workers allegedly abducted by Boko Haram militants during an ambush on an oil exploration team this week pleaded in a YouTube video released Friday for the Nigerian government to meet their captors’ demands. The video shows three men identifying themselves as staff at university’s geology department. It was recorded on Friday and they are being ...

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• 29 July

  Trump wish of Russian detente dies as Putin expels diplomats

  

  Bloomberg Donald Trump’s first meeting with Vladimir Putin this month seemed to give the US president everything he wanted. The two appeared to get along. There was a modest cease-fire deal on Syria. Moscow’s meddling in the US election was raised, but both leaders were eager to move on. Three weeks later, relations between the US and Russia are at ...

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• 29 July

  Merkel refugee policy in focus after Hamburg attack

  

  Bloomberg An attack in the northern city of Hamburg thrust Chancellor Angela Merkel’s refugee policy into the spotlight less than two months before Germany goes to the polls. Police were aware that the man suspected of a stabbing spree on Friday had shown of signs radicalization, Hamburg’s interior minister, Andy Grote, said in a press conference on Saturday. The attack ...

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• 29 July

  EU on ‘road to nowhere’ trying to stop court changes: Poland

  Bloomberg Poland rejected the European Union’s move on Saturday for a possible lawsuit to halt the just-passed overhaul of the country’s lower courts, saying the bloc lacked such authority and would ultimately have to turn back. The escalation in an almost two-year row over court independence and the government’s respect for the rule of law opens the way for the ...

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