July, 2016

• 24 July

  Post-Brexit UK Trade remains crucial, says Canada’s Morneau

    Bloomberg Canada is keen to maintain a strong trade relationship with the U.K. after the country voted to leave the EU, Finance Minister Bill Morneau said. Morneau, speaking to reporters on a conference call after a meeting of Group of 20 officials in China, said he had a “positive discussion” with U.K. Chancellor of the Exchequer Philip Hammond on ...

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• 24 July

  Hershey trust reaches tentative deal to reform its governance

    Bloomberg Hershey Trust Co., the $12 billion charity that controls the Hershey chocolate company, reached a tentative agreement with the Pennsylvania attorney general, a move that would reform the governance practices of the controversial organization. “We have reached an agreement in principle and are working on the final details in productive discussions with the office of the attorney general,” ...

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• 24 July

  EU should suspend funds for Spain, Portugal: Letter

  

    Brussels / AFP The EU should suspend structural funds to Spain and Portugal after they failed to rein in their debt, according to a letter from the European Commission seen by AFP on Saturday. Eurozone finance ministers agreed this month to impose unprecedented sanctions against Spain & Portugal for overstepping the bloc’s budget deficit limits. The penalties would be ...

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• 24 July

  Mobileye bears folding as tighter grip on driverless future

  

    Bloomberg Bearish bets against Mobileye NV are receding after the maker of chips and software for driverless cars said it would team up with BMW AG and Intel Corp. to deliver fully-autonomous cars by 2021. Traders cut short interest on Mobileye, at one point the world’s most-shorted software stock, to 17 percent of shares outstanding last week, near the ...

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• 24 July

  Turkey sets up inner cabinet to oversee emergency rule

  

    Istanbul / Bloomberg Turkey’s government is setting up an inner cabinet to oversee the implementation of the state of emergency it declared after last week’s botched coup, ramping up the effort to purge the influence of its accused mastermind from all walks of Turkish life. Prime Minister Binali Yildirim will chair the council composed of ministers including justice, interior, ...

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• 24 July

  Nepal’s Oli quits as PM ahead of trust vote

  

    Kathmandu / AFP Nepal’s K.P. Sharma Oli resigned as prime minister on Sunday, minutes before facing a no-confidence motion in parliament he was certain to lose, plunging the impoverished nation into fresh turmoil. His political rivals, former Maoist rebels, called for the vote against Oli after they deserted his fragile ruling coalition, accusing him of reneging on past deals and ...

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• 24 July

  IS suicide bomber kills 15 in Baghdad

    Baghdad / AFP A suicide bombing claimed by the IS group killed at least 15 people in a Shiite area of northern Baghdad on Sunday, security and medical officials said. The bombing, which struck near a checkpoint in the Kadhimiyah area, home to a major Shiite shrine, also wounded at least 29 people, the officials said. IS issued a statement ...

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• 24 July

  Kaine wows crowds on Day One as Clinton running mate

  

    Miami / AFP Tim Kaine made a big splash in his first appearance as Hillary Clinton’s running mate for the White House, savaging Donald Trump’s foreign policy ideas as dangerous and wowing a Miami crowd with fluent Spanish. Kaine, a 58-year-old senator from the battleground state of Virginia, won many a cheer and laugh and frequent applause as he ...

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• 24 July

  Munich gunman ‘planned shooting for a year’

  

    Munich / AFP The teenager who shot dead nine people at a Munich shopping mall spent a year planning the rampage but selected his victims at random, officials said on Sunday. Details are emerging of gunman David Ali Sonboly as a depressed 18-year-old who was obsessed with mass killings and had long struggled with his mental health. Friday’s shooting ...

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• 24 July

  Paradise lost — and found?

  

    WASHINGTON It’s the revolution of rising expectations again. Watching Donald Trump last week, I thought of Alexis de Tocqueville, the French political philosopher whose “Democracy in America,” published in the 1830s, remains the most insightful study of our national character. But it was de Tocqueville’s other masterpiece, “The Old Regime and the French Revolution” (1856), that came foremost to ...

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