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Bloomberg Hong Kong leader Carrie Lam said sanctions would only complicate the city’s problems as prominent local activist Joshua Wong gets set to address US lawmakers who are considering changes to special trade privileges for the financial hub. “I uphold this principle of accountability, but at the moment it is all for us to see that Hong Kong is undergoing ...

Bloomberg The Pentagon is preparing a report on who was responsible for the weekend attack on Saudi oil facilities and intends to make it public within 48 hours, a US defense official said. The official couldn’t confirm or deny a CBS News report that the US has identified locations in southern Iran from which it believes more than 20 drones ...

Bloomberg South Sudan, where warring parties agreed to end five years of conflict, could return to bloodshed despite recent commitments by its leaders to form a power-sharing government, the United Nations warned. Both armed opposition groups and the government are forcibly recruiting children in Juba and Western Bahr el Ghazal, and in Greater Bahr el Ghazal, respectively, according to Yasmin ...

Bloomberg Boris Johnson’s Brexit strategy has been on trial ever since he became prime minister eight weeks ago, and on Tuesday his lawyers were expected to defend it in the UK’s highest court. Fresh from being lambasted by a fellow European leader after he opted out of a joint news conference, Johnson will see his decision to suspend parliament under ...

Bloomberg President Donald Trump said his administration will enter into an initial trade accord over tariffs with Japan in the coming weeks while Tokyo warned any final deal must include assurances that Washington won’t slap new tariffs on $50 billion of Japanese auto exports. In a notice to Congress, Trump also said the US will be entering an “executive agreement” ...

Bloomberg Bill Gates, who knows a thing or two about antitrust investigations, doesn’t think it’s a good idea to break up the biggest US tech companies as some politicians have suggested. The Microsoft Corp co-founder and former chief executive officer battled the Justice Department for years in the late 1990s in a bruising antitrust case. At issue was the software ...

Bloomberg Elliott Management Corp has built a stake in CNH Industrial NV in a bid for constructive engagement with the truck and tractor maker controlled by Italy’s Agnelli family, according to people familiar with the matter. Elliott, run by billionaire Paul Singer, sees value-creation potential in CNH’s plan to separate the Iveco truck business from its more profitable agricultural machine ...

Bloomberg The Swiss economy is expected to expand less quickly than previously anticipated, a knock-on effect of the trade war that’s weighing on demand across major economies. Gross domestic output is seen expanding 0.8 percent this year, compared with the Swiss government’s previous forecast of 1.2 percent. The State Secretariat for Economic Affairs kept its 2020 prediction unchanged at 1.7 ...

Bloomberg Some of Europe’s top luxury brands are targeted in President Donald Trump’s latest tariff salvo, which could affect billions of dollars in exports of American-bound handbags and men’s suits, among other products. A panel of three World Trade Organization arbiters, as expected, said the US can legally impose tariffs on an array of European exports in retaliation for Europe’s ...

Bloomberg Facebook Inc is once again defending Libra — this time against fears that the envisioned cryptocurrency could replace sovereign currencies from the US dollar to the Euro and threaten central banks’ control over money creation. David Marcus, the executive leading the project, posted a series of tweets the same day members of the Libra Association met with regulators convened ...