Trump calls HK protests ‘riots’, adopting China rhetoric

Bloomberg President Donald Trump labeled recent protests in Hong Kong as “riots,” adopting the language used by Chinese authorities and suggesting the US would stay out of an issue that was “between Hong Kong and China.” “Something is probably happening with Hong Kong, because when you look at, you know, what’s going on, they’ve had riots for a long period ...

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Johnson’s UK majority cut to one seat

Bloomberg The anti-Brexit Liberal Democrats won a by-election in Brecon and Radnorshire, reducing Prime Minister Boris Johnson’s House of Commons majority to a single seat and making his balancing act more difficult as he seeks to deliver Brexit by October 31. Jane Dodds of the Liberal Democrats won 13,826 votes, beating Conservative Chris Davies on 12,401. Dodds overturned Davies’s majority ...

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‘US headed towards blockade of Venezuela’

Bloomberg Donald Trump is serious about a possible US blockade of Venezuela, a senior administration official said, saying that the country’s president Nicolas Maduro has a short window to voluntarily leave power. Trump told reporters that he was considering a blockade or quarantine of the Latin American country, where the US has been trying for months to unseat Maduro. He ...

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Donald Trump’s intelligence shakeup could be dangerous

Among intelligence professionals, President Trump’s nomination of an inexperienced, partisan politician to oversee America’s spy agencies prompted deep dismay — but also a stolid reaffirmation of the spymaster’s credo: Let’s get on with it. This combination of incredulity and stoicism was voiced by a half-dozen current and former officers I spoke with about Trump’s choice of Rep. John Ratcliffe, R-Texas, ...

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Credit Suisse, BNP bounce may be brief

Wall Street’s worst first half in more than a decade for trading is turning out to be surprisingly less painful for some European firms: Credit Suisse Group AG and BNP Paribas SA managed to claw back some of the market share they had previously lost. But counting on a continued rebound could be a mistake. Switzerland’s second-biggest bank reported a ...

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Congo’s Ebola outbreak is US national security threat

In 2014, the US led the effort by governments to blunt the world’s biggest outbreak of Ebola, which took more than 11,000 lives in West Africa before it was declared over in mid-2016. Now, a smaller but more complex outbreak rages in the Democratic Republic of Congo, and the US response has been shaped by indifference and bureaucratic haggling. The ...

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ECB’s Draghi sends love and thanks to Powell

Jerome Powell’s half-hearted rate cut incensed President Donald Trump, who immediately took to Twitter to say the chairman of the US Federal Reserve had “let us down”. Global equities sunk and the dollar strengthened as Powell chose to cut rates by a quarter- rather than a half-point and said this wasn’t the start of a “lengthy cutting cycle.” But the ...

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China buying more US farm goods is a dead end

With trade talks collapsing between the US and China in Shanghai, there’s even less hope of any resumption in American farm exports, which were once portrayed as the foundation of any agreement. That’s not good enough, according to President Donald Trump. Had a trade detente materialised, those expecting a rapid return to the status quo on farm trade likely would ...

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The maker of Aston Martin is struggling to stay on the road

Can the company behind Aston Martin avoid tapping its shareholders? Yes, if everything goes to plan. The snag is that Aston Martin Lagonda Global Holdings Plc is proving increasingly accident prone. Shares in the sports car maker fell as much as 22 percent. That’s all too familiar. The stock dropped 26 percent and 18 percent on consecutive days last week. ...

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Solar and mobile will fuel Africa’s future economy

Backyard industrialisation has been tried; it was a miserable failure. During the so-called Great Leap Forward in China under Mao Zedong, peasants were encouraged to erect steel furnaces in their back yards. Predictably, most people had no idea how to build a mini steel plant much less make steel, and there was no market for their wares. The result was ...

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