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Bloomberg A standoff between Italy and ArcelorMittal over the future of the European Union’s biggest steel mill escalated, after the country’s economic development minister lashed out at the company. “We won’t allow ArcelorMittal to blackmail the government by threatening over 5,000 job cuts,” economic development minister Stefano Patuanelli wrote in a Facebook post. “Commitments should be upheld.” ArcelorMittal started legal ...

Bloomberg Medopad Ltd, a UK artificial intelligence startup teaming with China’s Tencent Holdings Ltd on new approaches to disease, raised $25 million for clinical studies of its health technology. Leaps by Bayer, an investment arm of Bayer AG, led the series B round, Medopad said in a statement. The London-based firm is focused on finding and using digital indicators of ...

Bloomberg Producers of prominent children’s YouTube channels will appeal to the FTC to change its recent settlement with the video service and will circulate a new petition online urging certain changes. In September, the FTC (Federal Trade Commission) fined YouTube and its parent, Alphabet Inc’s Google, $170 million for violating privacy laws by tracking children online. With the settlement, YouTube ...

Bloomberg State and federal agencies have filed dozens of wildfire-related claims against PG&E Corp., making California and Washington two of the biggest creditors in the utility’s bankruptcy case. The three biggest demands total more than $6 billion to compensate the Federal Emergency Management Agency and the California Governor’s Office of Emergency Services. The claims, related to the North Bay and ...

Bloomberg Uber Technologies Inc disappointed investors with quarterly results showing lackluster gains in bookings and monthly active users, two of the metrics most closely watched by Wall Street. The ride-hailing company beat estimates for quarterly revenue and loss, improved its annual loss forecast and pledged to turn a profit by 2021. Those weren’t enough to lift the stock, though. Shares ...

Bloomberg Time is running out for 83-year-old Mahmoud Abbas. Foreign aid to the Palestinians has dropped nearly 80% over the past 10 years, the political outlook is bleak after a half-century of Israeli occupation and his people’s campaign for statehood risks sinking into irrelevance. To salvage his legacy, the Palestinian Authority (PA) president has called — again — for the ...

Bloomberg The Kremlin warned that time is fast running out to negotiate a fresh strategic nuclear weapons deal with the US before the current New START treaty expires. “There is no progress, there are no signals from the Americans about their readiness to start discussions” on replacing or extending the treaty, Russian President Vladimir Putin’s spokesman, Dmitry Peskov, told reporters ...

Bloomberg A Bulgarian accused of spying for Russia who was freed on bail was allowed by a court to visit Moscow, where he received an award from President Vladimir Putin. Despite being barred from foreign travel as part of a $28,000 bail agreement two months ago, Nikolay Malinov was able to go to Russia on November 1, according to prosecutors. ...

Bloomberg Prime minister Boris Johnson and his main rival, Labour leader Jeremy Corbyn, traded blows over Brexit as the UK prepares to vote next month on which of the two men should lead it out of the European Union. Johnson wrote an open letter to Corbyn asking him to clarify his strategy for the divorce while the Labour leader accused ...

Bloomberg President Donald Trump’s campaign said it’s creating a new coalition to try to bolster his support among the African-Americans. The group is named “Black Voices for Trump” and aims to recruit and engage African-American voters. Vice President Mike Pence will address the group at an event on Friday in Atlanta, according to a senior campaign official. The official said ...