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Bloomberg The US is mulling a plan to withdraw from a global pact worth $1.7 trillion in government contracts, a person familiar with the matter said, in a move that may anger close allies during a delicate moment for trade. Officials in President Donald Trump’s administration are circulating a draft executive order that would trigger a US exit from the ...

Bloomberg Vodafone Group Plc warned of “hugely disruptive” costs and delays to European phone network upgrades of as long as five years if other countries follow the UK and cap the market share of Huawei Technologies Co. Britain’s government said last week it will limit the Chinese equipment vendor’s share of 5G wireless and fiber optic networks at 35% and ...

Bloomberg A Google faces one more probe in the European Union(EU) over concerns the company’s processing of user location data could violate the bloc’s tough privacy rules. Armed with the power to levy hefty fines, Ireland’s data protection commission also opened a separate investigation into Match Group Inc and the “ongoing processing of users’ personal data” on its popular dating ...

Bloomberg President Donald Trump’s inevitable acquittal in the Senate’s impeachment trial on Wednesday has some House Democrats fretting that they should have delivered a more complete case to argue for his removal. Trump is emerging from the two-week Senate trial looking as strong as ever, barely wounded by the relentless details of his efforts to force Ukraine to investigate one ...

Bloomberg Luxury Asian vacations turned into a form of confinement for thousands of cruise passengers when authorities in Hong Kong and Japan said they would quarantine those aboard for up to two weeks after finding coronavirus infections aboard. The developments will come as a blow to Princess Cruises, the operator of a vessel that is being quarantined off Yokohama, and ...

Bloomberg The Pentagon said it has deployed a new submarine-launched nuclear warhead for the first time as the Navy seeks to counter Russia’s war chest of smaller tactical nukes. The Pentagon’s confirmation follows a controversial move last week to ease restrictions on the use of land mines, which are banned by more than 160 nations. The Trump administration in recent ...

Bloomberg European Union government envoys in Brussels and the bloc’s executive arm will seek to accommodate Emmanuel Macron’s appetite for reform with tighter rules on countries looking to join the bloc and a broader debate on how to make the EU more effective. The European Commission will propose an overhaul of the expansion process in a bid to revive the ...

Bloomberg Romania’s minority government is facing a no-confidence vote just three months since taking power, though it’s likely to benefit whatever the result. The Black Sea nation is well acquainted with political chaos, having had more prime ministers than any other European Union member-state in the three decades since communism collapsed. This time around, the ruling Liberal Party opened the ...

Bloomberg A top US partner at SoftBank Group Corp’s $100 billion technology fund is stepping down, after the company posted declining returns on its investments and struggled to raise capital for the next Vision Fund. Michael Ronen, the outgoing managing partner, expressed concerns about “issues” at SoftBank in an interview with the Financial Times, which earlier reported his departure. Since ...

Bloomberg Exports of castor oil from India to China may slow on concern the spread of coronavirus will impact port logistics in the world’s most populous country, according to India’s top shipper. “Some Chinese buyers of castor oil have told us to go slow on shipments as they anticipate ports may be affected because of the spread of coronavirus,” said ...