Bloomberg Uber. Lyft. Pinterest. This year’s blockbuster tech IPOs have had real estate brokers in the San Francisco Bay area salivating over the prospect of fat commissions from home purchases by newly minted millionaires. But halfway through the housing market’s key spring selling season, there’s little indication that flush buyers are bidding up prices beyond their peak last year. In ...
Read More »Seoul says Trump supports food aid for North Korea
Bloomberg South Korea said President Donald Trump supports the donation of food to North Korea through a UN agency, as the top US envoy noted the regime’s growing impatience with sputtering nuclear talks. Trump and South Korean President Moon Jae-in — who has tried to serve as a bridge between the US president and North Korean leader Kim Jong-un — ...
Read More »Ethiopia region seeks probe into killings near Sudan border
Bloomberg International investigators should probe the killings of more than 200 people in Ethiopia amid a territorial dispute near the Sudanese border, a regional official said. The violence occurred in Agew Awi Zone in Amhara state, according to Adigo Amsaya, the deputy president of neighbouring Benishangul-Gumuz state. “Those responsible for this massacre have to be held accountable,†Adigo said by ...
Read More »Trump spoils for ‘impeachment row’ to fuel 2020 bid
Bloomberg President Donald Trump’s advisers are pushing him to defy congressional investigations in hopes of luring Democrats into escalating a fight that they say will turn voters against the party in the 2020 elections. The advisers are counting on news coverage of the battle with Congress — including Democrats’ raising the possibility of impeachment — distracting attention from candidates vying ...
Read More »Finland edges closer to coalition government
Bloomberg Finland is edging closer to having a broad coalition government after Social Democrat Leader Antti Rinne invited the Center Party of outgoing Prime Minister Juha Sipila to the negotiations. Rinne, who has been mandated to lead the talks after his party emerged on top in the election, also asked the Greens, the Left Alliance and the Swedish People’s Party ...
Read More »Pressure mounts on May as ‘Labour deal’ still elusive
Bloomberg British PM Theresa May was expected to face lawmakers in parliament after another day of inconclusive talks with the opposition Labour Party further dented her hopes of reaching a Brexit deal. Already under pressure after a disastrous set of results for her Conservative Party in local elections, the beleaguered premier’s cabinet concluded that cross-party talks are stalling and unlikely ...
Read More »May-Corbyn Brexit talks just point to fatigue
When you hear that UK Prime Minister Theresa May and her Labour Party rival Jeremy Corbyn are in talks, you can safely assume that May has exhausted every other option in her efforts to get a Brexit deal through Parliament. But it’s a measure of the political damage wrought by Hurricane Brexit on Britain’s political landscape that even if there ...
Read More »Coal’s future is in people’s hands
Climate change is at the top of many American voters’ minds, as evidenced by a CNN poll found “96% of Democrats and Democratic-leaning independents say it’s very or somewhat important for a presidential candidate to promise aggressive action†on the issue. At the same time on the other side of the globe, “Promises to fight the world’s most toxic air ...
Read More »Two hedge fund backseat drivers make life a misery
To pick up Elliot Management Corp as an activist investor is unfortunate. Having another hedge fund agitator in the form of Knight Vinke must be misery, especially when it’s making rival demands. Add in a bidder with a blocking stake and German utility Uniper SE is a company where the CEO can scarcely think of themselves as the boss. Andreas ...
Read More »Germany is in need of a global role to suit its size
When US Vice President Mike Pence declared in a speech marking Nato’s 70th anniversary that “too many†alliance members have failed to increase spending on their militaries, he singled out one by name. “Germany must do more,†he said, adding that “it is simply unacceptable for Europe’s largest economy to … neglect its own self-defense and our common defense at ...
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