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Bloomberg Uber Technologies Inc. will move forward with a major investment deal from SoftBank Group Corp. and approved a slate of governance reforms that will limit the influence of co-founder Travis Kalanick and early backers. The 11-person board voted unanimously to approve sweeping changes to the company’s power structure, the San Francisco-based company said. The plan would expand the size ...

Bloomberg US President Donald Trump was expected to engage in one of the sad rituals of the modern presidency on Wednesday in Las Vegas: consoling survivors of a gunman’s rampage and confronting recurring questions of whether restrictions on firearms can prevent another tragedy. While the president said he was looking forward to “paying our respects and condolences,” he and most ...

Bloomberg US Secretary of State Rex Tillerson said he’s “never considered” leaving his job, rejecting news reports that he had denigrated President Donald Trump and weighed resigning. “My commitment to the success of the president and the country is as strong as it was the day I accepted his offer to serve as secretary of state,” Tillerson, 65, told reporters ...

Bloomberg Kenya’s opposition has yet to reach an agreement with the electoral authority about how this month’s rerun of the country’s failed presidential election will be conducted. The National Super Alliance is continuing discussions that began on Tuesday with the Independent Electoral & Boundaries Commission about the way forward, former Prime Minister Raila Odinga told reporters in Nairobi. IEBC Chairman ...

Bloomberg Catalonia’s separatist leadership said nothing will stop it setting up an independent republic, dismissing the condemnation of Spanish King Felipe VI as the breakaway region’s president prepared to deliver his own address on Wednesday evening. Regional government spokes- man Jordi Turull said the monarch’s criticism of Sunday’s illegal referendum, with no reference to the police violence that saw more ...

Bloomberg Iraqi authorities halted key financial transactions with the country’s Kurdish region, deepening its isolation after last week’s overwhelming vote in favor of independence. The central bank banned lenders with headquarters in the northern Kurdistan region from taking part in dollar auctions, according to a central bank official who asked not to be named. Banks based in Baghdad are also ...

Bloomberg Brazilians may be a year away from voting for their next president, but investors are already plenty worried. Measures of implied volatility for the currency show traders pricing in big swings around the October 2018 vote, even as calm pervades in the near term. The split has taken the ratio between one-year and six-month implied volatility to the highest ...

Donald Trump will always tell you that he is a “great builder.” “You can go ahead and speak to the guys who have 400-pound wives at home who are jealous of me,” he told me several years ago. “But the guys who know me know I’m a great builder.” A month before he announced his presidential candidacy in 2015, Trump ...

It’s telling that at the moment Jalal Talabani, the former Iraqi president and Kurdish revolutionary, drew his last breaths, Iranian tanks were amassing on the border of Iraqi Kurdistan. In the Kurdish civil war of the 1990s, Talabani’s faction, the Patriotic Union of Kurdistan, aligned with Iran. The Iranians tacitly supported Kurdish independence. After the liberation of Iraq in 2003, ...

Gee, thanks, boss! Japanese Prime Minister Shinzo Abe just made life a lot harder for Haruhiko Kuroda or whoever succeeds him as Bank of Japan governor. Whether Abe gives Kuroda a second term or not, the premier’s planned consumption tax hike fights the central bank’s efforts to rev up the economy and get inflation at least within shouting distance of ...