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Bloomberg Russia’s Finance Ministry laid out its most ambitious borrowing programme yet with a plan to raise almost 5 trillion rubles ($80 billion) domestically over the next three years, even as warnings sound over the global buildup of debt and foreign investors turn cautious after US sanctions. Under the terms of a draft plan for 2019-2021, the government will borrow ...

Bloomberg President Donald Trump said Pfizer Inc. should be ‘ashamed’ for raising the prices of its pharmaceutical products, briefly rattling shares of the US drug giant. “Pfizer & others should be ashamed that they have raised drug prices for no reason,” Trump said in a tweet. “They are merely taking advantage of the poor & others unable to defend themselves, ...

Bloomberg Groupon Inc. surged in premarket trading after a report that the discount-slinging website is actively seeking a buyer. The merchandise and voucher vendor has approached several public companies in recent weeks to try to drum up interest in a sale, Recode reported, citing two people it said were briefed on the effort and without identifying the companies involved. Chicago-based ...

Bloomberg Just as Prime Minister Theresa May softened her plan for leaving the European Union — a move that companies welcomed — the resignation of the UK’s top Brexit officials creates new uncertainty for business. Carolyn Fairbairn, the director-general of the Confederation of British Industry, called the weekend resignations of Brexit Secretary David Davis and his deputy, Steve Baker, a ...

Bloomberg Walt Disney Co. agreed to sell its offices on the Upper West Side of Manhattan and purchase rights to another site, which will become the entertainment giant’s new New York campus. The company is selling its West 66th Street location and related buildings for $1.15 billion to Silverstein Properties Inc. and is acquiring 99-year rights for land at 4 ...

Bloomberg 21st Century Fox Inc. is preparing a higher offer for Sky Plc to counter Comcast Corp., according to people familiar with the matter said, marking the latest twist in a global M&A contest between some of the world’s largest media companies. The move is likely to come around the time of the formal approval by Britain for Fox’s bid, ...

Bloomberg Renewables can generate half of Britain’s power by 2030 without adding to consumer bills, potentially crowding out nuclear as a significant low carbon source of electricity. That’s the conclusion of the National Infrastructure Committee, an independent body that advises government on how to meet the country’s long-term needs for large construction projects. It recommended the government should make 50 ...

Bloomberg US President Donald Trump said he believed North Korean leader Kim Jong-un would keep his pledge to “denuclearise,” while suggesting that neighbouring China might be working to undermine talks. “I have confidence that Kim Jong-un will honour the contract we signed &, even more importantly, our handshake,” Trump said in a tweet, adding that Beijing “may be exerting negative ...

Bloomberg At least 232 civilians were killed by South Sudanese government forces, their allies and armed youth in the country’s north in April and May, the United Nations said. Many more were injured in the raids on villages in opposition-controlled areas in Mayendit and Leer from April 16 to May 24, according to an investigation by UN human-rights monitors. The ...

Bloomberg Pakistan’s ex-president and leader of one of the country’s main political parties, Asif Ali Zardari, was named in a money-laundering investigation weeks before national elections. The Supreme Court in a statement sent to Bloomberg listed Zardari and his sister Faryal Talpur along with 12 others as beneficiaries in an alleged scam “running into billions of rupees” that led to ...