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Bloomberg Indonesian President Joko Widodo may find himself without a challenger in the next election. While Prabowo Subianto — leader of the main opposition party and runner up in the 2014 election — has accepted his party’s endorsement, it’s uncertain if he can assemble a viable coalition to be nominated by an August deadline. Widodo is leading in opinion polls ...

Bloomberg Chinese President Xi Jinping met with North Korean leader Kim Jong-un in the port city of Dalian over the past two days, the second meeting between top officials of the allies in less than two months. The summit came after Kim’s surprise two-day visit to Beijing in late March, his first known trip abroad since taking power in 2011. ...

Bloomberg Gina Haspel spent three decades working in secret. Now the lifelong spy is preparing for a bruising public debut as she fights to become President Donald Trump’s CIA chief amid criticism of her involvement in alleged torture programs and role in destroying videotapes of interrogations. Haspel testifies before the Senate Intelligence Committee for her confirmation hearing on Wednesday. She’s ...

Bloomberg Armenian opposition leader Nikol Pashinyan was elected prime minister by the country’s parliament, completing a remarkable rise to power backed by massive street protests that he’s termed a “velvet revolution.” Lawmakers voted by 59 to 42 to name Pashinyan as premier, a week after the ruling Republican Party, which holds a majority of seats, had refused to back his ...

Bloomberg The House of Lords inflicted another defeat on the UK government over its key piece of Brexit legislation, voting to strip out the fixed timing for Britain to leave the EU. The government in November inserted 11 pm on March 29, 2020 into its own bill to “remove any confusion or concern about what ‘exit day’ means,” Brexit Secretary ...

Bloomberg Qualcomm Inc, the biggest maker of mobile-phone chips, is preparing to give up its push to develop processors for data-center servers, an effort that sought to break Intel Corp’s hold on the lucrative market, according to a person familiar with the company’s plans. The San Diego-based company is exploring whether to shutter the unit or look for a new ...

Bloomberg The activist fund ValueAct Capital Management has amassed a $1.2 billion stake in Citigroup Inc., arguing that the bank long seen as trailing its sector is positioned for success by providing the “plumbing” multinational corporations need to operate. The San Francisco-based hedge fund run by Jeff Ubben, which disclosed a $75 million stake in the bank in February, has ...

Bloomberg Swedish fintech company iZettle AB announced its intention to file for an initial public offering on the Nasdaq Stockholm stock exchange. The company, which competes with Square Inc. and Canada’s Shopify Inc, is seeking to raise 2 billion kronor ($226.6 million) and in a statement on Tuesday said it expected its IPO to be completed this year. Carnegie Investment ...

Bloomberg Social Finance Inc (SoFi), a startup looking to offer a range of banking services to millennials, is working on a credit card and is bringing in a former Citigroup Inc. executive to help oversee the initiative, said people familiar with the matter. The San Francisco-based company hopes to offer credit cards within the next year, said the people, who ...

Bloomberg Athenahealth Inc. surged after activist investor Elliott Management Corp bid to acquire the medical company for $160 a share, saying executives had “failed to correct a host of operational issues.” Elliott, the New York hedge fund led by billionaire Paul Singer, said that it made an all-cash takeover offer, which would value Athenahealth at $6.46 billion. Athenahealth, which makes ...