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Bloomberg A Brooklyn man wearing a pipe bomb attached with Velcro and zip ties set off an explosive in the Times Square subway station on Monday morning, injuring himself and three others, sending ambulances racing and commuters fleeing as Christmas shoppers poured into New York City. The 27-year-old suspect, Akayed Ullah, wore the device that went off shortly after 7 ...

Bloomberg President Emmanuel Macron said he doesn’t intend to immediately revive past French Middle East peace initiatives, as Donald Trump’s administration stood behind his decision to recognise Jerusalem as Israel’s capital and move the US embassy there. “It is preferable not to multiply initiatives because they end up cannibalizing each other,” Macron said at a press conference in Paris with ...

Bloomberg As delegates from South Africa’s ruling African National Congress gather this week to pick a new leader to succeed President Jacob Zuma, they face a challenge that’s threatening to overshadow the contest: to stop the party from splitting. The likelihood of a breakup is probably the biggest in the ANC’s 105-year-old history, especially if Nkosazana Dlamini-Zuma, the president’s ex-wife ...

Bloomberg Kenya’s main opposition alliance postponed indefinitely plans to swear-in its leader as president of a so-called People’s Assembly, after the government warned such a step would amount to treason. A ceremony that was to be held in the port city of Mombasa December 12 was called off after “extensive internal consultations and engagement with a wide range of national ...

Bloomberg Japanese prosecutors are investigating two of the country’s biggest construction companies, Obayashi Corp. and Kajima Corp., for suspected wrongdoing linked to a public-backed $79 billion magnetic-levitation rail network. After local media reported authorities were looking into bid-rigging related to construction of Central Japan Railway Co.’s maglev project, Obayashi Corp. said in a statement that prosecutors had raided its office ...

Bloomberg Tata Communications Ltd. will soon hive its property holdings into a separate company, which will subsequently be listed, capping a 15-year effort by the unit of India’s largest conglomerate. The value of the company’s 773 acres of land parcels may be about $4.08 per share, or about 75 billion rupees, according to ICICI Securities Ltd. The spinoff should take ...

Bloomberg China’s efforts to tackle air pollution are getting a reality check, with some regions told to revert to burning coal after shortages of natural gas left people without heating amid freezing winter temperatures. Officials in China’s frigid northern provinces were ordered to prioritise keeping citizens warm and areas that hadn’t yet converted fully to gas were permitted to burn ...

Bloomberg China Telecommunications Corp. is studying an investment in the Philippines after President Rodrigo Duterte invited China to enter the Southeast Asian country and challenge local phone carriers PLDT Inc. and Globe Telecom Inc. The Chinese government, which controls its phone carriers, picked China Telecom to be the one entering the Philippines, Communications Secretary Martin Andanar said, citing information from ...

Bloomberg Donut King owner Retail Food Group Ltd. slumped by the most on record on Monday amid reports the company squeezed franchisees with high fees and offered limited management support. Shares in the company fell as much as 27 percent in Sydney trading, the steepest drop since listing in 2006, and wiping as much as $163 million off its market ...

Bloomberg President Donald Trump plans to keep pushing his legislative agenda in 2018 by releasing his long-promised infrastructure proposal in early January, a senior administration official said. Infrastructure advocates question whether a Republican-led Congress will be able to pass a spending plan with enough federal funding if it’s already approved a tax measure that official estimates say would bloat the ...