Trump Demands `Fair Shake’ for U.S. Carmakers in South Korea
published Jun 30th 2017, 6:16 pm, by Shannon Pettypiece and Justin Sink (Bloomberg) —South Korea must give U.S. automakers “a fair shake” to sell more cars there and stop exporting “dumped steel,” President Donald Trump told newly elected president Moon Jae-in during talks at the White House. After meeting with Moon on
White House Defends Trump Attacks on MSNBC Host Mika Brzezinski
published Jun 29th 2017, 2:43 pm, by Toluse Olorunnipa (Bloomberg) —The White House defended President Donald Trump’s tweets attacking MSNBC host Mika Brzezinski despite criticism from Republican lawmakers that the personal jabs about a woman’s looks were unworthy of the presidency. White House Deputy Press Secretary Sarah Huckabee Sanders said
Cyberattack Fallout Engulfs FedEx, Shuts Terminals and Email
published Jun 29th 2017, 3:28 pm, by Molly Schuetz, Jordan Robertson and Nico Grant (Bloomberg) —The global cyberattack that has been wending its way across continents since Tuesday started creating real consequences at some businesses even as the virus’s spread seemed to be abating. FedEx Corp. said it could suffer
Trump Administration Proposes a $1.3 Billion Taiwan Arms Package
published Jun 29th 2017, 5:20 pm, by Tony Capaccio (Bloomberg) —President Donald Trump’s administration proposed its first arms sales to Taiwan, a $1.3 billion package of early-warning surveillance radar, anti-radar air-launched missiles and naval torpedoes. While China objects to any arms sales to Taiwan, the proposal that the administration sent
Cyberatack Fallout Engulfs FedEx, Shuts Terminals and Email
published Jun 28th 2017, 6:15 pm, by Molly Schuetz, Jordan Robertson and Nico Grant (Bloomberg) —The global cyberattack that has been wending its way across continents since Tuesday started creating real consequences at some businesses even as the virus’s spread seemed to be abating. FedEx Corp. said it could suffer
Russians Drop Texas Oil Bid, Averting Trump Security Review
published Jun 26th 2017, 7:50 am, by Stephanie Baker and Matthew Monks (Bloomberg) —Only 16 months ago, the Russian billionaire Mikhail Fridman and his business partners happily sank $200 million into Uber. But now Fridman’s investment company, LetterOne, has pulled out of an even bigger U.S. investment to avoid resistance from
What’s Really Behind China’s Trafficking Problems: Adam Minter
published Jun 28th 2017, 4:00 pm, by Adam Minter (Bloomberg View) —The U.S. State Department’s decision to name China one of the world’s worst offenders in human trafficking was greeted with predictable resentment in Beijing. With some justification, Chinese officials argue that they’re at least trying to tackle a difficult
Once Bitter Rivals, the Biggest Tech Firms Find Common Ground on Policy
published Jun 27th 2017, 12:02 pm, by Dina Bass and David Ingold (Bloomberg) —On Sunday, Jan. 29, Microsoft Corp. President Brad Smith convened a conference call with top lawyers and policy staffers of Apple Inc., Amazon.com Inc., Facebook Inc., Alphabet Inc.’s Google and other technology companies, according to people familiar
Cheapest Fuel Since 2005 Brings U.S. Drivers `Christmas in July’
published Jun 27th 2017, 6:09 pm, by Hailey Waller (Bloomberg) —American drivers are preparing to hit the road this Fourth of July as seasonal gas prices plunge to their lowest in 12 years. U.S. drivers will pay an average of $2.21 a gallon for gasoline over the holiday weekend, the
U.S. Stocks Sink Most Since May, Treasuries Slide: Markets Wrap
published Jun 27th 2017, 4:06 pm, by Jeremy Herron and Dani Burger (Bloomberg) —U.S. equities fell the most in six weeks and a measure of market volatility spiked higher as investors grew uneasy amid a global cyberattack and a fresh setback to the Republican agenda in Washington. Treasuries plunged as