April, 2017

• 26 April

  Canada’s Linamar at center of Trump-Nafta clash

  

    Bloomberg Linamar Corp. is a perfect poster child for globalization. Founded by a refugee fleeing Soviet aggression in his native Hungary, the Canadian auto-parts maker has 24,500 employees spread around 12 countries. Its supply chain weaves in and out of dozens of nations — a single part can cross seven borders before finding its final home in a completed ...

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• 26 April

  ‘Canada is confident US will lose lumber dispute’

  

    Bloomberg Canadian Foreign Minister Chrystia Freeland said she’s confident her country will prevail over the US in a lumber dispute and urged President Donald Trump’s administration to uphold free trade. Freeland said she raised trade matters with first daughter Ivanka Trump on the sidelines of a conference in Berlin, though it wasn’t the focus of the meeting. The US ...

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• 26 April

  AT&T maintains positive forecast despite loss of users

  

    Bloomberg AT&T Inc. maintained its 2017 profit outlook despite losing wireless customers for the first time ever, reflecting rising competitive pressure in the mobile-phone business. With every major carrier now enticing consumers with unlimited data offers, Dallas-based AT&T shed 191,000 subscribers in the first quarter. Nine analysts surveyed by Bloomberg had predicted a gain of 100,000. The results underscore ...

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• 26 April

  Trump to order ‘oil drilling review’ off California coast

  

    Bloomberg President Donald Trump will open the door to new oil and natural gas drilling in Pacific waters off the coast of California with a directive that sets up a certain clash with environmentalists. Trump will order the Interior Department to review locations for offshore oil and gas exploration and consider selling drilling rights in territory that former President ...

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• 26 April

  Brexit risks opening Pandora’s box of trade disputes for Britain

    Bloomberg As dawn broke on the UK’s decision to leave the European Union last year, Julian Braithwaite was awoken by a phone call from a fellow diplomat in Geneva. The message was more like a warning: your world is about to change. The British ambassador to the World Trade Organization, until now a job more in name than practice, ...

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• 26 April

  ‘America’s rich get richer and poor get replaced by robots’

  

    Bloomberg America’s working class is falling further behind. The rich-poor gap — the difference in annual income between households in the top 20 percent and those in the bottom 20 percent — ballooned by $29,200 to $189,600 between 2010 and 2015, based on Bloomberg calculations using US Census Bureau data. Computers and robots are taking over many types of ...

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• 26 April

  Daimler spending splurge to gain steam in automotive overhaul

    Bloomberg Daimler AG plans to ratchet up development spending throughout the year as the inventor of the automobile scrambles to keep pace with a disruptive shift to electric, self-driving vehicles. Research-and-development expenses jumped 24 percent to 2.1 billion euros ($2.3 billion) in the first quarter and will continue to rise in the course of 2017, the Stuttgart, Germany-based company ...

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• 26 April

  Glaxo’s new CEO pledges to make drugs unit a priority

    Bloomberg Emma Walmsley pledged to spur growth at GlaxoSmithKline Plc’s pharmaceutical unit less than a month after taking over as chief executive officer of the UK’s largest drugmaker. “We are a science-based company,” Walmsley, who had been head of Glaxo’s consumer products division before her appointment in September, told reporters on Wednesday. “Our focus has got to be around ...

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• 26 April

  National defense in face of a media-obsessed White House

  

    As President Trump nears the 100-day benchmark, it’s a good moment to examine the relationship that has evolved between the mercurial and inexperienced commander in chief and his unflappable Defense Secretary Jim Mattis. It’s an unlikely partnership, but so far it mostly seems to work. Trump may have relatively few domestic-policy accomplishments to show after three months, but he ...

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• 26 April

  Venezuela’s complicated oil crisis

  

    The cold logic of the oil market dictates that crisis usually equals profit. That’s because a crisis in oil usually means a supply crisis, as some large producing country becomes embroiled in war or civil unrest or sanctions or some other geopolitical mess. The country currently occupying the unenviable position of being the likeliest source of a supply shock ...

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