Bloomberg Italy is attracting foreign investors to buy its bonds as the new government’s more conciliatory stance towards the European Union on budget issues should reduce the country’s risk premium further, the head of the country’s debt agency said. Speaking at a conference in Milan, Davide Iacovoni said the nation “is no longer under the radar of international investors as ...
Read More »EU court rebukes France for diesel pollution in cities
Bloomberg France suffered an embarrassing defeat at the European Union’s top court over EU warnings that big cities from Paris to Nice exceeded pollution limits caused mainly by diesel-car engines. In the first ruling following a recent crackdown on dirty air in nations including Germany, Italy and the UK, judges at the EU Court of Justice said France “systematically and ...
Read More »One million turn out in Chile as protests gather momentum
Bloomberg More than a million people poured into Santiago’s public squares and thoroughfares in one of the biggest street protests ever seen in the Chilean capital. Downtown areas such as the iconic Plaza Italia came alive with people, mainly student-age and twenty-somethings but also older people and families, waving flags and banners seeking better pay, pensions, healthcare and education. Many ...
Read More »Russian agent Butina freed after US sentence
Bloomberg Maria Butina, a Russian who was freed after serving a US prison sentence for failing to register as an agent of a foreign government, arrived in Moscow and thanked diplomats and groups who supported her. “Russians don’t give up,†she said in a brief statement at the airport, accompanied by her father and Foreign Ministry spokeswoman Maria Zakharova. A ...
Read More »Trump asks court to toss California ‘sanctuary law’
Bloomberg President Donald Trump’s administration asked the US Supreme Court to throw out a California immigrant-sanctuary law that restricts local police from helping federal authorities round up and deport people who are in the country illegally. In an appeal, the administration said the 2017 measure undermines federal immigration enforcement efforts. The law “makes it more difficult for federal officers to ...
Read More »Trump impeachment inquiry holds rare envoy hearing
Bloomberg The House impeachment investigation of President Donald Trump shifts into an accelerated phase as the three Democratic-led committees leading the inquiry hold their first weekend session to question the State Department’s top diplomat for Europe. The closed-door testimony by Philip Reeker, the acting assistant secretary of European and Eurasian affairs, precedes a full slate of interviews set for next ...
Read More »Macri supporters pray for miracle before vote
Bloomberg Argentine President Mauricio Macri’s election prospects are talked about in the markets, by pundits and by diplomats as largely set in stone. He is expected to lose on Sunday to opposition candidate Alberto Fernandez. The slimmest of windows exists for him to force the presidential race into a second-round runoff vote in November. But that’s enough for 45 year-old ...
Read More »HK protests set for 21st weekend amid unrest
Bloomberg Hong Kong pro-democracy activists are preparing to demonstrate for the 21st straight weekend as unrest spreads around the globe, from South America to Europe to the Middle East. Protesters in the financial hub will look to keep up momentum in the months-long fight with officials in Beijing for greater democracy. Reports surfaced that China’s leaders were mulling a plan ...
Read More »Brazil’s Samarco to restart iron-ore mining next year
Bloomberg A key environmental council approved a permit, clearing the way for Samarco Mineracao SA to resume operations at its iron-ore mine in second half of 2020. Ten of the 12 members of Minas Gerais state environmental council, known as Copam, voted in favor of an operational corrective license for the mine. Executives at Vale SA, which has a 50% ...
Read More »Nordea targets wholesale unit for deep, sweeping cuts
Bloomberg Nordea Bank Abp is planning to allocate a lot less capital to its wholesale unit after acknowledging its performance has been “unsatisfactory.†The cuts will form a key plank in a strategy shift conceived by the bank’s new chief executive, Frank Vang-Jensen. After less than two months on the job, he’s made clear he wants to squeeze much deeper ...
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