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Bloomberg The Senate rejected legislation that would require President Donald Trump to seek congressional approval for military action in Iran — one of the few measures considered by the Republican-led chamber to curtail his war-making ability. The 50-40 vote was far short of the 60 needed to adopt the measure. The vote was kept open for about 10 hours to ...

Bloomberg German Chancellor Angela Merkel endorsed Manfred Weber and Frans Timmermans as the candidates left in the race to lead the European Union’s executive arm. Without mentioning them by name, Merkel made clear that the center-right German, from her political family, and the center-left Dutchman are the official and only contenders to head the European Commission. That leaves liberal Margrethe ...

Bloomberg Brazilian President Jair Bolsonaro called off a meeting in Japan with Chinese counterpart Xi Jinping after his delegation was left waiting. While delays in meetings at multilateral summits are not unusual — timetables often slip, and Russian President Vladimir Putin is famous for running behind, for example — it is less usual for a leader to call off a ...

Bloomberg The US sanctioned Venezuelan President Nicolas Maduro’s son in an escalation of Trump administration efforts to punish the socialist regime for corruption and authoritarian practices. Nicolas Maduro Guerra, 29, is a constituent assembly member and was appointed the head of the newly formed Corps of Inspectors of the Presidency in 2014, shortly after Maduro took power. In a statement ...

Bloomberg Apple Inc will manufacture its new Mac Pro computer in China, moving production of what had been its only major device assembled in the US, according to a person familiar with the company’s plans. The company will use Quanta Computer to make the $6,000 desktop computer and is ramping up production at a factory near Shanghai, according to the ...

Bloomberg Tesla Inc said an isolated battery fault caused a Model S to catch fire in a Shanghai parking lot two months ago, as the US electric-car maker tries to ease safety concerns in its second-largest market. A joint investigation with experts and executives from China and the US found no “systematic defect” with the car, Tesla said in a ...

Bloomberg Vietnam is buying more US goods to help it reduce a $39.5 billion surplus, after President Donald Trump called the country a trade abuser. “Vietnam has made great efforts to improve the trade balance between the two countries, increasing imports,” Ministry of Foreign Affairs spokeswoman Le Thi Thu Hang said in a statement. Vietnam is improving investment conditions for ...

Bloomberg Ex-Nissan Motor Co Chairman Carlos Ghosn abruptly cancelled a press conference scheduled only hours before, at which he was due to “speak out” about his case. It would have been his first briefing in person since his arrest in November. Only hours after announcing the hastily arranged briefing, reports emerged that Ghosn would not appear at the event and ...

Bloomberg A travel planner in India backed by the world’s second-largest asset manager Vanguard Group has defaulted on debt and its shares fell to a record low, as cracks in the nation’s credit market spread. Cox and Kings Ltd has paid only 500 million rupees ($73 million) of the two billion rupees due on unsecured commercial papers, according to an ...

Bloomberg Relief for Asia’s most overworked country doesn’t come easy. South Korea’s new legal limit on working hours — down to 52 hours per week from 68 — can shave as much as 0.3 percentage point off economic growth in 2020, according to Goldman Sachs Group Inc. “The new work-hour limit comes against the backdrop of slowing growth, highlighting the ...