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 ...
Read More »More than 7,000 held on two cruise ships as coronavirus spreads
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 ...
Read More »US Navy deploys ‘nuclear warhead’ on sub for first time
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 ...
Read More »EU aims to pacify Macron on ‘accession rules’
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 ...
Read More »Romania’s Orban faces ‘no-confidence’ vote
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 ...
Read More »SoftBank partner at $100b Vision Fund is leaving
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 ...
Read More »Virus hits India’s castor oil exports
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 ...
Read More »Over 5,000 Chinese tourists stranded in Bali after flight ban
Bloomberg An estimated 5,000 Chinese tourists are stuck in Indonesia’s popular resort island of Bali after Indonesia banned direct flights to and from mainland China to prevent the spread of coronavirus. As most of the visitors were traveling on short tourist visas and were caught unaware by the flight ban, Indonesia said it would grant extensions of one month. Chinese ...
Read More »iPhonemaker Hon Hai slashes 2020 outlook
Bloomberg Hon Hai Precision Industry Co, Apple Inc’s main production partner, cut its 2020 revenue growth outlook after assessing the potential impact of a deadly coronavirus outbreak. Hon Hai, which makes the vast majority of the world’s iPhones from the central Chinese city of Zhengzhou, is now projecting a sales increase of 1% to 3% this year, Chairman Young Liu ...
Read More »China wants to patent Gilead’s experimental coronavirus drug
Bloomberg Chinese researchers have applied for a local patent on an experimental Gilead Sciences Inc drug that they believe might fight the novel coronavirus outbreak. The Wuhan Institute of Virology — based in the central Chinese city at the epicenter of the epidemic — has applied for a patent in China for the use of the antiviral drug, known as ...
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