U.K.’s May Warns Further Terrorist Attacks Could Be Imminent
published May 23rd 2017, 6:40 pm, by Tim Ross, Robert Hutton and Thomas Penny (Bloomberg) —The British military will guard music and sports events in an unprecedented security operation as police hunt for potential accomplices of the suicide bomber who killed 22 people at a Manchester pop concert. After meeting
Mexico Oil Reform Advances With First Private Well in 80 Years
published May 23rd 2017, 1:07 pm, by Alex Nussbaum (Bloomberg) —For the first time in almost 80 years, a private company has sunk a new offshore oil well in Mexican waters — the latest step in the country’s drive to allow foreign competitors back into its energy markets. A joint
Trump Bets Sunni Fears of Iran Can Win Israeli-Palestinian Peace
published May 22nd 2017, 7:45 pm, by Margaret Talev and David Wainer (Bloomberg) —Donald Trump is betting that Arab nations hold the key to securing peace between Israel and the Palestinians, a paradoxical premise founded on his belief that shared concern over Iran will bring longtime rivals to the bargaining
China Spins a Worldwide Web of Food From Mozambique to Missouri
published May 22nd 2017, 4:00 pm, by Bloomberg News (Bloomberg) —Inside a gated compound patrolled by armed guards, hulking towers and concrete buildings loom over fields where Silva Muthemba once grew maize and fattened his cattle. The granaries and surveillance cameras in this corner of southern Mozambique were part of
Amazon’s a la Carte TV Helps Starz, HBO Stand Out in Netflix Era
published May 22nd 2017, 6:05 pm, by Lucas Shaw, Nate Lanxon and Joe Mayes (Bloomberg) —Media companies hoping to challenge Netflix and YouTube with their own online services are getting a huge boost from an unexpected source: Amazon.com Inc. For about a year and a half, Amazon’s Prime membership service
Israel Takes Steps to Help Palestinian Economy as Trump Arrives
published May 21st 2017, 4:28 pm, by Jonathan Ferziger and David Wainer (Bloomberg) —Israel passed a series of measures aimed at bolstering the Palestinian economy as a confidence-building measure before U.S. President Donald Trump arrives and elaborates on his plans for addressing the Middle East conflict. Prime Minister Benjamin Netanyahu
Here’s the One Thing Democrats Like About Trump: Albert R. Hunt
published May 21st 2017, 9:00 am, by Albert R. Hunt (Bloomberg View) —The Democratic Party’s chance to win back the House of Representatives next year, considered a long-shot only a short while ago, is soaring thanks to a crack recruiter: President Donald Trump. Trump is energizing Democrats and demoralizing Republicans.
Matt Levine’s Money Stuff: Relationships and Glass-Steagall
published May 19th 2017, 8:32 am, by Matt Levine (Bloomberg View) —MiFID II. One thing that I like to say around here is that a lot of the financial industry is run as essentially a gift economy. Investment bankers don’t just do stuff for clients and send them the bill:
Graduation Gifts That Pay for Themselves
published May 17th 2017, 10:31 am, by Suzanne Woolley (Bloomberg) —With graduation gifts, it’s the thought that counts. The cash is nice, too. Spending on graduation gifts in the U.S. is expected to reach $5.6 billion this year, according to a new survey from the National Retail Federation. That tops last
China Could Be the Future of the Sharing Economy: Adam Minter
published May 18th 2017, 5:00 pm, by Adam Minter (Bloomberg View) —It’s been an excellent few months for startups in China’s sharing economy. Perhaps too good. The bike-sharing industry landed its first unicorn, and companies that allow phone users to share battery packs have raised at least $150 million in