Bloomberg Chancellor Angela Merkel was chastised by German voters who elected her to a fourth term with her party’s worst result since 1949, after an election that lifted a far-right party into parliament in a sign of the growing polarisation in Europe’s biggest economy. Sunday’s federal ballot saw support for the two main parties— Merkel’s Christian Democrat-led bloc and Martin ...
Read More »Kenyan prosecutor probes vote officials over botched election
Bloomberg Kenya’s public prosecutor ordered an investigation into the country’s electoral authority over its handling of last month’s annulled presidential election. Office of the Director of Public Prosecutions investigators will seek to establish whether officials at the Independent Electoral & Boundaries Commission committed any crimes, according to a statement posted on its Twitter account on Saturday. The ODPP asked for ...
Read More »Rwanda police arrest ex-presidential hopeful
Bloomberg Rwanda’s police said they arrested an activist barred from running for the presidency and two family members for alleged offenses against state security and forgery. Diane Rwigara, her mother and sister were arrested Saturday after the East African nation’s police “uncovered credible evidence linking the trio to offenses against state security,†the force said in a statement on its ...
Read More »Brexit talks leave May’s Tories and Corbyn’s Labour divided
Bloomberg Theresa May’s hope of uniting her Conservative Party behind an agreed position on Brexit seemed to be in danger only two days after she set it out, with reports that Foreign Secretary Boris Johnson was unhappy about aspects of her proposed transition as the UK leaves the European Union. Allies of Johnson said his hints last week that he ...
Read More »Trump the one on suicide mission: N Korea
Bloomberg North Korea’s foreign minister unleashed a torrent of criticism at the United Nations General Assembly in response to President Donald Trump’s speech at the same venue, saying Pyongyang is ready for a preemptive nuclear attack if needed. Ri Yong Ho’s comments came hours after US Air Force bombers flew over international waters east of North Korea, and a tremor ...
Read More »NZ PM presses to form coalition government
Bloomberg New Zealand Prime Minister Bill English has claimed a mandate to form the next government after winning the biggest slice of the vote in Saturday’s election, even as opposition leader Jacinda Ardern refuses to concede defeat. While English’s ruling National Party fell short of a majority and will need the support of the nationalist New Zealand First Party to ...
Read More »Trump to get tax plan that targets 20% corporate rate
Bloomberg Republican tax negotiators are targeting a corporate tax rate of 20 percent, according to two people familiar with the matter. That would be higher than President Donald Trump wants—setting up a key decision for the president on a top legislative priority. Trump has called for cutting the corporate rate to 15 percent, down from the current 35 percent. The ...
Read More »Dana Gas down as London sukuk trial to resume, Qatar up
Reuters Shares of Abu Dhabi-listed Dana Gas fell sharply on Sunday after news that a London court hearing on its maturing sukuk issue would resume, while Qatar’s bourse bucked a general downtrend in the region. After several delays last week, a London High Court trial on the validity of $700 million of sukuk issued by Dana will go ahead on ...
Read More »GE shocks private-jet sector, preaching ‘no plane, no gain’
Bloomberg Imagine if Facebook Inc. founder Mark Zuckerberg announced he was unplugging from the internet to save time. That’s how private-jet industry executives feel about General Electric Co.’s cost-cutting move to sell the bulk of its corporate fleet. GE’s plan to shed five company-owned planes flies in the face of the boardroom axiom that such aircraft are time- and money-saving ...
Read More »Norwegian Air’s global expansion draws fire from rival Ryanair
Bloomberg Norwegian Air “is not long for this world,†says Michael O’Leary, the chief executive of Ryanair Holdings Plc, itself in turmoil thanks to a pilot-staffing pinch that’s killed travel plans for hundreds of thousands of customers. “That’s just nonsense,†says Norwegian CEO Bjorn Kjos. Norwegian is under investor scrutiny given its large order of more than 200 aircraft, split ...
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