Venezuela’s dueling leaders spar as aid blocked at border

Bloomberg The only thing Venezuela had in abundance was angry words as its main political players attacked each other in simultaneous news conferences while the nation teeters on the brink of a humanitarian catastrophe. In Caracas, President Nicolas Maduro denounced the presence of trailers of humanitarian aid brought to the Colombian border, calling them part of a plan cooked up ...

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Macron tangles with allies to regain footing

Bloomberg French President Emmanuel Macron is on the offensive, seeking to regain his footing after being mocked by Italy’s leaders, largely ignored by Germany’s rising political generation and threatened by Yellow Vest protesters. Three months before a European election, the burst of assertiveness signals Macron is stepping up his campaign to boost his standing after months of scandals and domestic ...

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Zambian opposition leader says police tried to shoot him

Bloomberg Hakainde Hichilema, the leader of Zambia’s main opposition party, said police fired live ammunition at him and his supporters. The incident happened during a political rally in the southwest of the country, his spokesman, Brian Mwiinga, said in a text message. The opposition leader wasn’t hurt, he said. Police didn’t use live ammunition in dispersing an “unruly crowd” in ...

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Chevron aligns strategy with Paris deal, won’t cap output

Bloomberg Chevron Corp. vowed to cut greenhouse gas emissions in alignment with the Paris Accord on climate change, potentially averting a shareholder rebellion at its annual general meeting. The US oil major pledged to reduce air pollution intensity by 25 to 30 percent by 2023, as recommended in the Paris agreement that took effect in 2016. The target applies across ...

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Total discovery opens up new petroleum play off South Africa

Bloomberg Total SA said it has opened up a new “world-class” oil and gas province off the coast of South Africa after making a significant gas-condensate discovery there. Success in the nation’s first deep-water well is a potential boon for a country that imports most of its oil, processing the remainder of its fuels from coal and natural gas. “We ...

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Netherlands wins Brexit spoils amid corporate relocation talks

Bloomberg Brexit is driving companies out of the UK, and the Netherlands is raking in the corporate refugees. About 250 companies are in talks with the Netherlands Foreign Investment Agency to potentially relocate activities to the country, according to a statement. The candidates would join 42 companies that made the move last year, and the 18 early birds in 2017. ...

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Italy, Germany drag on euro-area as EU slashes outlook

Bloomberg The European Commission slashed its growth forecasts for all the euro region’s major economies from Germany to Italy and warned that Brexit and the slowdown in China threaten to make the outlook even worse. The European Union’s executive arm delivered a downbeat report that shaved a whole percentage point off its 2019 projection for Italy, now seen with minimal ...

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After $10 billion share plunge, Wirecard’s CEO fights back

Bloomberg German online payments firm Wirecard AG has seen its stock plunge by more than a third in recent days on reports of accounting misdeeds at its Singapore unit. Now, the company is fighting back by questioning the foundations of the allegations. A preliminary review last May by a respected Singapore law firm lists allegations of potential financial irregularities, money ...

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Publicis tumbles as revenue shortfall jolts Madison Avenue

Bloomberg Publicis Groupe SA is setting off alarm bells on Madison Avenue as the ad industry’s earnings season gets under way. The French owner of Saatchi & Saatchi and Leo Burnett Worldwide suffered a surprise drop in fourth-quarter sales, blaming cuts in ad spending by consumer brands in the US. So-called organic revenue fell 0.3 percent in the quarter, missing ...

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RBI delivers surprise rate cut in boost for Modi

Bloomberg India’s central bank unexpectedly cut its benchmark interest rate in Governor Shaktikanta Das’s debut policy meeting, a shift that provides more of the stimulus Prime Minister Narendra Modi’s government needs to stoke growth as an election nears. The repurchase rate was reduced by 25 basis points to 6.25 percent, a decision predicted by just 11 of 43 economists surveyed ...

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