Iran breaches limit on enriched uranium under nuclear accord

Bloomberg Iran has surpassed a limit on its stockpile of enriched uranium and is preparing to scrap some key components of its nuclear deal next week, two state-run news agencies aligned with hardliners said in separate reports. The nation’s stockpile exceeded the 300 kilograms (661 pounds) of 3.67 percent enriched uranium that had been set as a limit as part ...

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Syria: Israel targets military, four killed

Bloomberg Israeli war jets struck Syrian military positions from Lebanese airspace in the areas surrounding Damascus and the province of Homs, according to Syrian state media. Syria’s air defenses intercepted and destroyed a number of Israeli missiles, state-run Syrian Arab News Agency (Sana) reported, citing an unidentified military official. The strikes killed at least four civilians, including a baby, near ...

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Venezuela to probe death of detained navy captain

Bloomberg Venezuela’s government said it will investigate the death of a navy captain who was being held on charges of treason and attempted assassination of President Nicolas Maduro. Captain Rafael Acosta Arevalo, 49, was arrested along with three other soldiers and two police officials, joining dozens of people detained since an April 30 uprising against Maduro. Officials said the prisoner ...

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Fresh Hong Kong clashes signal difficult path for leader

Bloomberg Hong Kong police clashed with black-clad protesters in a fresh sign of unrest as the city’s China-backed chief executive promised to be more open and inclusive at the turbulent start of her third year in office. Carrie Lam made the remarks in a ceremony to mark the anniversary of Hong Kong’s return to Chinese rule in 1997, her first ...

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North Korean media goes crazy for Trump’s border meeting with Kim

Bloomberg North Korean state media released gushing reports of Kim Jong-un’s Demilitarized Zone (DMZ) summit with President Donald Trump, as the regime sought to use another history-making meeting with the US leader to validate its policy decisions. The front page of North Korea‘s ruling party Rodong Sinmun newspaper was dominated by a seven-photo splash of Trump making the first crossing ...

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Jeremy Hunt seeks to boost credentials with no-deal Brexit plan

Bloomberg Jeremy Hunt seeks to burnish his Brexit credentials as he sets out his strategy for preparing the UK for a no-deal departure from the European Union The foreign secretary, who campaigned for the “remain” side in 2016’s referendum, will use a speech in London to lay out the plan, which includes preparing for a no-deal budget that will cut ...

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Central banks are creating a horde of zombie investors

Ruchir Sharma, chief global strategist at Morgan Stanley Investment Management, wrote a provocative op-ed in the New York Times last weekend. Titled “When Dead Companies Don’t Die,” it argues that unprecedented monetary stimulus from global central banks created a “fat and slow” world, dominated by large companies and plagued by a swarm of “zombie firms” — those that should be ...

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FedEx’s disappointments piling up

FedEx Corp. has managed to fall out of a basement window. Expectations heading into the parcel-delivery company’s fiscal fourth-quarter earnings were low. In the past six months, the company cut its 2019 outlook twice amid a weakening global trade backdrop; announced a series of puzzling executive departures; became a candidate for inclusion on China’s list of unreliable entities; and dropped ...

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Allergan is a $63 billion Botox job for AbbVie

When the maker of the top-selling arthritis drug says it’s buying a leader in anti-wrinkle treatments, you’d be forgiven if your initial response to the news was that it seems like a match made in heaven. But take a closer look, and AbbVie Inc.’s $63 billion purchase of Botox maker Allergan Plc isn’t such a perfect fit. AbbVie is desperate ...

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Trump’s trade truce shows Huawei was political pawn

President Donald Trump’s decision to restart sales of US technology products to Huawei Technologies Co. may ease tensions with China, and even help end the trade war. Yet as far as deals go, this is set to be one of Trump’s worst. It doesn’t stop the technology cold war underway, and weakens the US stance that Huawei isn’t just a ...

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