Bloomberg European Union (EU) leaders agreed to restrict most travel into the continent in an unprecedented move aimed at slowing down the spread of a deadly coronavirus and mitigating its effects on the bloc. The restrictions will apply to all non-EU citizens and last for an initial 30 days, German Chancellor Angela Merkel told reporters after a video conference with ...
Read More »Putin’s aides shocked by his presidential power play
Bloomberg Vladimir Putin’s surprise move to allow himself to remain as president until 2036 caught even many Kremlin insiders off guard, leaving some feeling deceived by his motivation for changing the constitution. His sudden reversal — approving a plan that he’d long publicly resisted — was a blow to some senior officials’ hopes that he would find a more elegant ...
Read More »Three-state win gives Biden edge over Sanders
Bloomberg Joe Biden’s decisive victories in Florida, Illinois and Arizona effectively put the Democratic nomination out of reach for Bernie Sanders. The former vice president won all three states by wide enough margins that he now has a majority of all delegates pledged so far, and more than half of the almost 2,000 he needs to secure the nomination at ...
Read More »Johnson’s Brexit faces delay amid virus risk
Bloomberg Remember Brexit? Hundreds of trade negotiators from the UK and European Union were due to meet in London on Wednesday to hammer out a trade deal. With those discussions now delayed because of the coronavirus, it’s increasingly likely Prime Minister Boris Johnson will have to postpone Britain’s final break with the bloc at the end of this year, something ...
Read More »Trump loyalists take lead in intelligence community
At a moment when Americans have new appreciation for the government professionals who protect against global threats, the Trump administration is weighing cuts in funding and staff for the National Counter Terrorism Center (NCTC), created after September 11, 2001, to shield the homeland from attack. The debate about trimming the NCTC, as it’s known, is part of a broader examination ...
Read More »PM reverses UK’s virus response
Flanked by his chief medical officer and chief scientific adviser, Boris Johnson didn’t so much announce an escalation in the government’s response to the coronavirus crisis as signal a sharp course correction. Exactly why the government has changed direction was confirmed later, when the Imperial College Covid-19 Response Team, whose epidemiological modelling helps inform UK policy-making, published a bombshell report ...
Read More »Apple’s conspiracy fine of $1.2bn is fair enough
The temptation with antitrust cases — especially involving a company as high-profile as Apple Inc – is to identify an ulterior motive. Why have the authorities attacked this particular target? Why is the fine so big? Surely there’s a hidden agenda at work, with broader implications. Sometimes, though, it’s as simple as a firm breaking the rules and getting caught. ...
Read More »Stocks, not a bargain yet
When it comes to the US stock market, this is not yet the historic buying opportunity some investors have been waiting for. Contrary to their reputation for weak stomachs, ordinary investors appear to be hanging on to their stocks, judging by the chatter online and continuing net positive flows to exchange-traded funds favoured by long-term stock investors. But after a ...
Read More »Macron, Merkel’s ‘war’ on Covid-19 will bite
Europe is increasingly determined to pull out all stops to fight the coronavirus crisis. French President Emmanuel Macron declared “war†on Covid-19 with a raft of measures to keep citizens in lock-down mode, including a ban on non-essential travel, just a few days after ordering business closures and shutting schools. Germany’s Angela Merkel rolled out similar “drastic†moves to shut ...
Read More »Coronavirus crisis means grocers must think out of the box
Images of queues to get into supermarkets, and shelves stripped bare, are stoking fear. Worries about the supply of food and staples do not end there. A shortage of online delivery slots is causing concern too, with people now expected to stay at home for lengthy periods. Grocers also have to address the likelihood that their staff will contract the ...
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