Facebook CEO calls for internet regulations

Bloomberg Facebook Inc Chief Executive Officer Mark Zuckerberg called for new global regulations governing the internet, recommending overarching rules on hateful and violent content, election integrity, privacy and data portability. In a statement that was also published as an op-ed in the Washington Post, Zuckerberg said the company is seeking regulations that would set baselines for prohibited content and require ...

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PSA Group and Fiat Chrysler explore Europe car venture

Bloomberg PSA Group and Fiat Chrysler Automobiles are exploring a partnership to share investments to build cars in Europe, according to people familiar with the talks. The French carmaker and its Italian-American peer have been holding preliminary discussions to collaborate on a “super platform” — the basic underpinning of a car model — to reduce their investment costs in the ...

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Colgate bids for Nestle skin-health business

Bloomberg Colgate-Palmolive Co is among bidders for the consumer arm of Nestle SA’s skin-health business, people familiar with the matter said, joining an auction process that’s been dominated by private equity firms. Colgate and Unilever NV are both bidding for the consumer-focussed part of Nestle’s business, which includes brands such as Cetaphil moisturisers and cleansers and the Proactiv acne treatment, ...

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Brexit turns gloomy tale for Brits with EU jobs in Luxembourg

Bloomberg Luxembourg’s PM Xavier Bettel joked that Brexit is like Samuel Beckett’s “Waiting for Godot.” Unfortunately, many UK citizens in the Grand-Duchy have become the protagonists in a tragicomedy of their own. Since the June 2016 referendum, there’s been an influx of finance workers fleeing the City of London. But other Britons, employed at EU institutions, were essentially forced to ...

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North Korea cites ‘rumours’ of FBI link to embassy raid

Bloomberg North Korea says it’s monitoring “rumours” the FBI was involved in a recent raid on its embassy in Spain. In Pyongyang’s first public statement on the incident, an unidentified foreign ministry spokesperson said North Korea is tracking rumours that the FBI and an anti-North Korea group were involved in the “grave terrorist attack” on its embassy in Madrid on ...

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South Korea’s cabinet nominees drop out in blow to Moon Jae-in

Bloomberg South Korean President Moon Jae-in retracted his nomination for science minister, following a series of high-level resignations that are complicating a cabinet reshuffle and distracting from his efforts to revive nuclear negotiations with North Korea. Moon’s decision to withdraw the appointment of Cho Dong Ho to oversee science and communications policies was based on “a comprehensive review,” Moon’s spokesman ...

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Venezuelans protest chronic power cuts

Bloomberg The man seeking to oust Venezuelan President Nicolas Maduro called on residents of poorer areas south of the capital to protest his rule, as three blackouts in less than a month have virtually shut down the country. Many schools and businesses have been closed for five days. “We will continue to hit the streets,” Juan Guaido, head of the ...

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UN chief sees path to Libya unity deal

Bloomberg United Nations Secretary General Antonio Guterres said Libyan warlord Khalifa Haftar and his competitors in the Tripoli government are closer to finding a power-sharing agreement that would break the political deadlock in the divided North African country. Haftar and the UN-backed prime minister Fayez al-Sarraj have been negotiating a united caretaker government ahead of possible elections. But the talks ...

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Democrats make play for US president’s rural base

Bloomberg Elizabeth Warren issued a call to arms while Amy Klobuchar made an appeal to unity as Democratic presidential candidates offered different messages they hope will chip away at President Donald Trump’s support across the Farm Belt. Warren, who’s called for breaking up tech behemoths and large agricultural corporations, cast her campaign as “about standing our ground and fighting back” ...

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Has the next economic bubble really arrived?

There are still some economists who fear another crash. The latest is Eugene Steuerle of the Urban Institute, a liberal think tank in Washington. In a new article, he warns that the economy may be on the edge of a giant “wealth bubble” that will collapse with possibly-dire consequences. Steuerle is especially worried by parallels between Americans’ present wealth — ...

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