SPORTS: Top Soccer Clubs May Face Luxury Tax to Curb Talent Hoarding
published Mar 22nd 2017, 10:30 am, by Tariq Panja (Bloomberg) — European soccer’s governing body is looking again at introducing a Major League Baseball-style luxury tax as it tries to find ways of restricting the continent’s richest teams from hoarding the game’s top talent. Action needs to be taken to
Gold Rallies on Haven Demand as U.S. Missiles Hit Syrian Targets
published Apr 6th 2017, 9:23 pm, by Ranjeetha Pakiam (Bloomberg) — Gold rallied with haven assets as the U.S. launched a punitive missile strike against Bashar al-Assad’s regime for its use of poison gas to kill civilians, with Secretary of State Rex Tillerson telling reporters that steps are under way
The Rise and 90-Minute Fall of the Tycoon Behind Huishan Dairy
published Apr 4th 2017, 4:01 pm, by Bloomberg News (Bloomberg) — It took more than a decade for Yang Kai to amass one of China’s most celebrated dairy fortunes. He may have lost it in less than 90 minutes. The chairman of China Huishan Dairy Holdings Co., who turned a
What Would Jesus Disrupt?
published Apr 5th 2017, 5:00 am, by Mya Frazier (Bloomberg) — For two days, the crowd sits in darkness in plush theater seats, watching the church stage. There are smoke machines and LED screens, harnessed climbers scaling a scaffold “mountain” and raising their arms in symbolic victory over the startup
Starbucks Food Woes Look Worse With JAB’s Panera Acquisition
published Apr 5th 2017, 4:35 pm, by Leslie Patton (Bloomberg) — Starbucks Corp. has been struggling for years to pull off its ambitious plan of selling more food. That task just got tougher. JAB Holding Co.’s $7.2 billion acquisition of bakery-cafe chain Panera Bread Co. on Wednesday vaults the investment
Young Women Aren’t Closing the Great American Gender-Pay Gap
published Apr 5th 2017, 3:03 pm, by Rebecca Greenfield (Bloomberg) — It looked pretty good for young women’s earnings in 2011. The pay gap separating women and men aged 25 to 34 was the smallest ever recorded by the Pew Research Center, with young women earning 97 cents for every
U.S. Expels Russian Spy Who Tried to Recruit Ex-Trump Aide
published Apr 5th 2017, 4:41 pm, by Chris Strohm (Bloomberg) — The U.S. deported a former New York banker to Russia who allegedly tried to recruit an ex-adviser to President Donald Trump and was convicted and imprisoned in 2016 for being a spy for Moscow. Evgeny Buryakov, 42, worked as
Britain Offers to Help to Wean Saudi Economy Off Oil Dependency
published Apr 4th 2017, 4:30 pm, by Alex Morales (Bloomberg) — U.K. Prime Minister Theresa May plans to help Saudi Arabia lower its dependency on oil exports and increase the participation of women in the workforce as the Gulf kingdom seeks to modernize its economy. Britain will help reform the
Modi Is Different Nationalist Than Putin or Trump: Mihir Sharma
published Apr 4th 2017, 7:00 pm, by Mihir Sharma (Bloomberg View) — Over the past year, Russia’s Vladimir Putin has emerged as the ideological patron of a certain brand of conservatism worldwide. Politicians from France’s Marine Le Pen, to Recep Tayyip Erdogan of Turkey, to Donald Trump appear drawn to
North Korea Fires Ballistic Missile Before Xi-Trump Meeting
published Apr 4th 2017, 7:18 pm, by Kanga Kong (Bloomberg) — North Korea conducted another ballistic missile test, shortly before the first meeting between Chinese President Xi Jinping and U.S. President Donald Trump. The projectile was fired into the East Sea early Wednesday and flew about 60 kilometers (37 miles),