Specter of trade war looms as Trump puts ‘America first’

  Bloomberg World leaders aren’t taking Donald Trump’s trade barbs lying down. After the US president said Germany and Japan are gaming foreign-exchange markets to win favorable trade terms, Japanese Prime Minister Shinzo Abe joined German Chancellor Angela Merkel on Tuesday in pushing back and leading a global counter-charge to the accusations. “A massive clash is starting to emerge with ...

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Apple weighs legal action on Trump’s ban

  Bloomberg Apple Inc. is considering taking legal action against an executive order signed by US President Donald Trump that halted entry by persons from seven predominantly Muslim countries, the Wall Street Journal reported, citing Chief Executive Officer Tim Cook as saying. America’s largest corporation will continue to press the White House to reverse the order, Cook told the newspaper ...

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UK inflation threat mounts with record increase in factory costs

  Bloomberg UK factories saw costs rise at a record pace at the start of 2017, pointing to increasing upward pressure on inflation that could weigh on the economy this year. A measure of input prices in IHS Markit’s monthly Purchasing Managers Index jumped to the highest since the series began in 1992, it said on Wednesday. The headline activity ...

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Roche sees profit growth hiccup as old drug guard gets replaced

  Bloomberg Roche Holding AG expects to dodge the worst of the fallout from the expiry of patents on its blockbuster medicines. The Swiss drugmaker is rolling out new treatments such as the cancer immune therapy Tecentriq and wrapping up costly clinical trials for two experimental medicines to soften the blow from competition to its ageing cancer blockbusters. That means ...

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BMW pleads for free trade after US border tax threat

  Bloomberg BMW AG Chief Executive Officer Harald Krueger defended the importance of free trade, responding to recent remarks by US President Donald Trump suggesting he’ll push for tariffs to protect American jobs. “As a global company, we’re present on all important markets,” Krueger said at an industry conference in Bochum, Germany. “That also means that we allocate automobile value-creation ...

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Turning failures into successes!

  Husum / AP “I’m an athlete, not an adventurer,” says Freya Hoffmeister. But the journeys the extreme paddler undertakes are nothing if not adventurous – and dangerous. Paddling across the estuary of the Amazon in South America on one expedition she was “washed out” of her canoe by the “pororoca,” a tidal wave that can reach heights of 5 ...

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Long layover, how about a workout at an airport gym?

  AP Work out while waiting for your flight? That’s an option now at Baltimore Washington International Airport, where the only gym at a U.S. airport past security opened this week with plans to open 20 more at airports by 2020. It’s the latest example of how fitness and health trends have started showing up at airports. Yoga rooms and ...

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Egypt’s banks attract $9bn in inflows since pound float

  Bloomberg Foreign holdings of Egyptian treasury bills have grown since the pound was floated three month ago, while renewed trust in the currency has sent billions of dollars into local banks. Foreigners held 10.2 billion pounds ($540 million) worth of T-bills in December, state-run news agency MENA reported, citing central bank data and without specifying how much of that ...

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Credit-card thieves move online as chips thwart in-store fraud

  Bloomberg The adoption of credit-card chip technology by US retailers is having an unintended consequence: Criminals are moving from brick-and-mortar stores to the internet. The use of stolen card data to pay for merchandise on websites, in mobile apps and by dialing call centers surged 40 percent last year, according to a report from Javelin Strategy & Research released ...

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Morgan Stanley sells C$8 billion debt

  Bloomberg Morgan Stanley capped off the best start to a year in Canadian-dollar corporate-bond sales since 2013 as an improving global economy amid low interest rates creates the right conditions for borrowers and investors alike. The New York-based bank sold C$1 billion ($768 million) of debt, double the minimum originally indicated, to drive corporate-bond issuance in Canada’s domestic market ...

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