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- Bloomberg•1 hour ago
Nigerian Voters Brave Explosions and Delays to Choose President
The front-runners are Buhari, who’s campaigned on an anti-corruption platform, and Abubakar, who’s promised to boost economic growth but is dogged by graft allegations. “l am here to vote for a better Nigeria,” 60-year-old Eziekiel Shobola said as he stood in line at a polling station in Lagos, the
- Bloomberg•1 hour ago
A Surprise China Debt Default Upends Assumptions on Official Aid
Qinghai Provincial Investment Group Co., an aluminum producer that was seen by some analysts as a bellwether for assessing government support due to its struggles to make payments on offshore debt last year, had failed to wire funds for a coupon payment due Feb. 22 as of late afternoon China time. As
- Bloomberg•3 hours ago
Sudan's Al-Bashir Declares State of Emergency for One Year
The president dissolved the central and regional governments, and asked lawmakers to postpone proposed constitutional amendments that would let him stand for re-election in a scheduled 2020 vote. Before al-Bashir’s speech, his intelligence chief, Salah Gosh, told reporters that the president planned
- Bloomberg•3 hours ago
What Parliament’s Breakaway Group Means for Brexit Britain
The immediate consequences for Brexit in terms of parliamentary arithmetic are probably limited. The district-based voting system rewards the geographic concentration of supporters, and penalizes evenly spread votes when popular vote shares are low.
- Bloomberg•4 hours ago
The Death of Honda’s U.K. Hub Sums Up Britain’s Brexit-Era Angst
Like the the U.K. in general, the town of about 180,000 people boasts a proud industrial heritage stretching back to the 19th century. “Honda leaving is like Brexit,” Dimitri Bretti, said through the serving window of Street Cafe, his burger joint just off the main street. While Brexit wasn’t to blame
- Bloomberg•5 hours ago
European Markets Pinpoint Just How Bleak Region's Economy Is
Traditional metrics -- the euro and bund yields -- are hovering near multi-year lows, while inflation is expected to barely get off the ground over the course of the next 10 years, putting serious doubt on whether the ECB can hike rates anytime soon. Axa Investment Managers, which oversees 759 billion
- Bloomberg•5 hours ago
Traders Bet on Pound Gains as Risk of No-Deal Brexit Seen Fading
Options markets signal investors are the most bullish on sterling’s prospects in five weeks as speculation grows Parliament will move to take control of the process, delaying Brexit and heading off a chaotic exit. Strategists see the pound being supported if lawmakers take steps to force the government
- Bloomberg•6 hours ago
Icahn-Backed Refiner Saves $189 Million on EPA's Biofuel Tweaks
CVR Energy, an independent oil refiner majority owned by Icahn Enterprises LP, spent $60 million on biofuel credits necessary to fulfill the mandate in 2018 -- a 76 percent drop from the company’s $249 million tab in 2017, a Feb. 21 regulatory filing with the U.S. Securities and Exchange Commission shows
- Bloomberg•6 hours ago
Bond Traders Brace for March Madness as U.S. Debt Cap Returns
March 1 marks the final day of the borrowing cap’s suspension, and the limit’s return will start the countdown until America runs out of so-called extraordinary measures to keep the government funded. Friday is also the official deadline for an increase in U.S. tariffs on goods from China, although
- Bloomberg•6 hours ago
China's Pledge for U.S. Soy Buying Catches Traders Off Guard
Traders had been expecting purchases of corn as well as ethanol and distillers dried grains, a byproduct of biofuel production that’s used in animal feed. In fact, China’s state grain stockpiler Sinograin was Thursday in the market agreeing to contract terms for potential corn purchases, according to
- The Canadian Press•6 hours ago
Trump sets up abortion obstacles, barring clinic referrals
The Trump administration on Friday set up new obstacles for women seeking abortions, barring taxpayer-funded family planning clinics from making abortion referrals. The final rule released Friday by the Health and Human Services Department also would prohibit federally funded family planning clinics
- Bloomberg•7 hours ago
Feinstein Unveils Green Deal Alternative After Kid Confrontation
Feinstein’s proposed draft plan seeks to eliminate greenhouse gas emissions by 2050 - 20 years later than the Green New Deal - and also explicitly calls for achieving those reductions through a price on carbon, among other ways. During a meeting with youth activists from the progressive Sunrise Movement
- Bloomberg•8 hours ago
Cave Rescuer Fires Back at Musk's Defense of `Pedo-Guy' Remark
Musk can’t escape liability by arguing that his tweets are just his opinion because Tesla has said in a U.S. Securities and Exchange Commission filing that Musk’s Twitter account is "a medium to communicate facts," Unsworth said in a court filing Friday. "Musk asks this court to openly
Reuters•8 hours agoTrump says he's inclined to extend China trade deadline and meet Xi soon
U.S. and Chinese negotiators had made progress and will extend this week's round of negotiations by two days through Sunday, Trump told reporters at the White House as he met with his top negotiators and their counterpart, Chinese Vice Premier Liu He. "From China, we believe that (it) is very
- Bloomberg•8 hours ago
U.S. Says Maduro Human Rights Violations Won't Go `Unpunished'
The U.S. “strongly condemns the Venezuelan military’s use of force against unarmed civilians and innocent volunteers on Venezuela’s border with Brazil,” White House spokeswoman Sarah Sanders said in an emailed statement. The U.S. “strongly urges the Venezuelan military to uphold its constitutional duty
Reuters•9 hours agoMicrosoft workers demand it drop $480 million U.S. Army contract
Microsoft won a contract in November to supply the Army with at least 2,500 prototypes of augmented reality headsets, which digitally display contextual information in front of a user's eyes. The government has said the devices would be used on the battlefield and in training to improve soldiers
- The Canadian Press•9 hours ago
Microsoft workers protest use of HoloLens headsets for war
A group of Microsoft workers is demanding the company cancel a contract supplying the U.S. Army with HoloLens headsets that they say would turn real-world battlefields into a video game.Microsoft's head-mounted HoloLens displays use augmented reality, which means viewers can see virtual imagery superimposed
Reuters•10 hours agoKraft Heinz shares fall 28 percent after writedown, dividend cut
Kraft's revenue growth has stagnated in the years since it merged with Heinz as consumers shun older, established brands for newer products, cheaper private label brands and non-processed and organic food. Brazil's buyout fund 3G Capital and Warren Buffett's Berkshire Hathaway Inc together
- Bloomberg•10 hours ago
Patriots Owner, Finance Titans Caught in Prostitution Sting
The Patriots’ Robert Kraft was one of 25 men being charged in a probe that spans multiple agencies, according to the police department in the city of Jupiter. Police cited video evidence from inside the Orchids of Asia massage parlor, which they said Kraft visited at least two times.
- The Canadian Press•10 hours ago
NASA, SpaceX OK 1st test flight of crew capsule next week
CAPE CANAVERAL, Fla. — NASA and SpaceX on Friday approved a first test flight next week of the new commercial Dragon capsule designed for crew.No one will be aboard, only an instrumented dummy in a white SpaceX spacesuit. But the capsule will still fly to the International Space Station, following its
- Bloomberg•10 hours ago
Chinese Official Extends U.S. Trade Trip as Tariff-Hike Threat Endures
“Both parties want to make this a real deal, we want to make it a meaningful deal, not a deal that’s done and doesn’t mean anything,” President Donald Trump said Friday at the White House. The latest series of meetings was supposed to end Friday, but China’s Vice Premier Liu He will stay in the American
- Bloomberg•10 hours ago
Maduro's Troops Kill 1; Guaido Defies Travel Ban at Border
The violence began a weekend in which Venezuela’s opposition plans to confront autocratic President Nicolas Maduro by attempting to bring food and medicine through heavily guarded international crossings around the nation. Supporters of National Assembly leader Juan Guaido were spurring on volunteers
- The Canadian Press•10 hours ago
US and China extend trade talks; Xi-Trump meeting may follow
U.S. and Chinese negotiators agreed Friday to extend high-level trade talks through the weekend, and President Donald Trump said he hoped to meet next month at his Florida resort with President Xi Jinping to try to finalize an agreement. "We're making a lot of progress," Trump told reporters
- The Canadian Press•11 hours ago
China bars millions from travel for 'social credit' offences
BEIJING — Skipped paying a fine in China? Then forget about buying an airline ticket.Would-be air travellers were blocked from buying tickets 17.5 million times last year for "social credit" offences including unpaid taxes and fines under a controversial system the ruling Communist Party says
- Bloomberg•11 hours ago
Caesars' Largest Shareholder Calls for Sale of Casino Owner
“Canyon’s current view is that shareholder value would be best served and enhanced by an open sale process that will be presented to shareholders for a vote thereon,” the company said in statement Friday. The largest owner of casinos in the U.S., Caesars has struggled since a 2008 leveraged buyout piled
