France mulls ‘probe’ on Le Pen, Bannon ties

Bloomberg France’s parliament has been asked to open a probe into far-right political leader Marine Le Pen’s ties to Steve Bannon, President Donald Trump’s former adviser, and the potential access to top civil servants her party may have helped him get. The two chambers’ presidents will weigh the request by some lawmakers to investigate Le Pen for potential “collusion with ...

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Pompeo skips Moscow, meets EU allies on Iran

Bloomberg US Secretary of State Michael Pompeo made a surprise visit to Brussels on Monday just as European Union foreign ministers are meeting to discuss ways to salvage the landmark Iran nuclear accord that Washington has abandoned. Pompeo scrapped plans for a brief trip to Moscow and landed in the Belgian capital as his 28 EU counterparts gather. President Donald ...

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Lithuania cabinet doomed as PM loses presidential ballot

Bloomberg Lithuania’s prime minister said he’d quit and fold up his minority government after he was knocked out of the euro-area member’s presidential election. In a result that shook the Baltic state’s political landscape and may lead to a snap parliamentary ballot, the former chief economist of SEB Bank AB and a crisis-era finance minister overcame anti-elite rhetoric similar to ...

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May aims new EU Brexit talks to win Corbyn’s support

Bloomberg Theresa May is promising to reopen Brexit talks with the European Union to try to breathe life back into negotiations with the opposition Labour Party and take the UK out of the bloc by the summer. The prime minister’s office said the government will explore with the EU this week how to rewrite the outline political agreement on future ...

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Single-payer health-care system is no panacea

The popular appeal of a single-payer system to solve the nation’s health care problems is no secret. Everyone would have insurance, recognising — as Sen. Bernie Sanders, I-Vt., continually tells us — that health care is “a right, not a privilege.” Our medical expenses would be paid by some central agency, eliminating the wasteful overhead of today’s insurance companies that ...

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Italy limbers up for its big fight

If you thought the fight between Italy and the European Commission was over, think again. Brussels produced its latest batch of forecasts for EU countries. For Rome, they paint an ugly picture. Italy is expected to grow by a meager 0.1% this year, the slowest pace in the bloc. Meanwhile, its budget deficit is forecast to reach 2.5% of gross ...

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GE investors are ready to put away their pitchforks

General Electric Co.’s attempts at a revival are starting to bear fruit – not necessarily in its cash flow, but in its culture and in the hearts and minds of shareholders who’ve had to slog with the industrial giant through some of the worst years in its history. They are ready to believe again. GE hosted its annual meeting in ...

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Can Asia’s richest man take Hamleys global?

For Reliance Industries Ltd., buying Hamelys is a dream come true. The group hasn’t said much about its plans for the British toy store. Nor has Asia’s richest man, Mukesh Ambani, who controls Reliance. Whatever global aspirations they may have, achieving them won’t be straightforward. For buyers of British trophy retail assets, hopes of catapulting them to international domination don’t ...

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Trump should let the world join fight against China

Whatever one thinks of Donald Trump’s trade negotiating strategy — which has largely relied on tariffs that have hurt US companies and consumers most of all, many of them from parts of the country that are both economically fragile and that supported Trump in the last election — he’s right about one thing. A global trading system meant to benefit ...

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Hong Kong has a haven from trade-war jolts

The plunge in Hong Kong stocks triggered by the renewed US-China trade conflict was the latest jolt for a market that’s veered wildly between bear and bull territory in the past two years. Investors seeking a haven from the volatility have few places to turn: one may be stocks tied to the Greater Bay Area. China’s plan to knit together ...

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