Samsung’s Former Strategy Chief Takes on GM, Google in Robotaxis
published Jan 4, 2018, 4:00:00 AM, by Sohee Kim (Bloomberg) — In the future of transportation, what would you get if you mixed the business models of Tesla Inc., Google and Samsung Electronics Co. with the budget of the world’s fifth-biggest automaker? Youngcho Chi is about to find out. Hired
Gay-Wedding Clash at U.S. Supreme Court Is No Piece of Cake
published Dec 4, 2017, 8:51:39 AM, by Greg Stohr (Bloomberg) — A brief discussion about a wedding cake has grown into a U.S. Supreme Court collision of some of the nation’s most cherished values. In a dispute that pits free speech and religious rights against equality, the justices on Tuesday
No Idea What MiFID Stands For? Here’s What You Need to Know
published Jan 1, 2018, 6:00:09 PM, by Sarah Jones, Will Hadfield and Silla Brush (Bloomberg) — Everyone in European finance has been abuzz over an obscure acronym — MiFID II — that’s about to radically change how assets from stocks to commodities are traded and investors’ money is managed. Banks
Online Sex Trafficking Bill Gets Senate Boost With 60 Supporters
published Jan 3, 2018, 3:02:19 PM, by Ben Brody (Bloomberg) — A proposal to combat online sex-trafficking has won the backing of 60 U.S. senators, potentially ensuring it would clear procedural hurdles to passage, according to Republican Rob Portman of Ohio and Democrat Richard Blumenthal of Connecticut, who have been
Russia’s Oil Friendship With China Makes Crude Costly for Europe
published Jan 2, 2018 3:00:00 PM, by Serene Cheong (Bloomberg) — Europe’s set to be stuck with a higher oil bill as Russia shifts more of its supply to the Chinese oil market. As the world’s second-biggest economy buys more, crude shipments from Primorsk port in the Baltic region will
Commodities Roiled as Arctic Blast Takes Hold: The Daily Prophet
published Jan 2, 2018 3:30:09 PM, by Robert Burgess (Bloomberg Prophets) — The bitter cold gripping much of North America may be making living conditions a bit uncomfortable, but for commodities traders it’s a chance to profit. The Bloomberg Commodity Index has risen for 13 straight days, closing Tuesday at
Trump Threatens to Cut Off U.S. Aid to Palestinian Authority
published Jan 2, 2018 6:12:39 PM, by Jennifer Jacobs (Bloomberg) — President Donald Trump threatened to cut off U.S. aid to the Palestinian Authority after its leaders said the president’s unilateral decision to recognize Jerusalem as the capital of Israel disqualified America as a Middle East peace mediator. Trump said
Trump Keeps Hold on Pakistan Aid Linked to Action Against Terror
published Jan 1, 2018 1:04:57 PM, by Terrence Dopp and Justin Sink (Bloomberg) — The U.S. will continue to withhold $255 million in military aid to Pakistan as the White House reviews the nation’s “level of cooperation” in fighting terrorism, a National Security Council spokesperson said. The announcement came just
North Korea’s Olympics Peace Bid Tests U.S.-South Korea Alliance
published Jan 1, 2018 5:16:52 AM, by Kanga Kong (Bloomberg) — After a year filled with nuclear provocations that raised fears of a devastating war in Northeast Asia, North Korean leader Kim Jong Un started 2018 on an optimistic note. His call for talks to ensure the success of the
U.S. Affirms Pence Plan to Visit Israel This Month After Delay
published Jan 1, 2018 2:45:25 PM, by David Wainer (Bloomberg) — Vice President Mike Pence, who postponed a Middle East trip after Arab leaders denounced the U.S. for recognizing Jerusalem as Israel’s capital, will come this month despite speculation that he had delayed it again, an aide said. “Pence is