Monday , December 16 2019

International News

Congress mulls reviving tax breaks prized by ADM, Tesla

Bloomberg US lawmakers led by Senate Finance Committee Chairman Charles Grassley are negotiating a potential revival of expired tax breaks in last-minute negotiations over a government spending bill. The talks are focussed on reinstating the so-called tax extenders, a move that could be a boon to the biofuel and short-line ...

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Live Nation facing suit over violation of Ticketmaster deal conditions

Bloomberg The US Justice Department is readying a lawsuit against Live Nation Entertainment Inc over alleged violations of conditions imposed on the company by regulators when it bought Ticketmaster nearly a decade ago, according to a person familiar with the matter. The department’s antitrust division approved the merger in 2010 ...

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Jingye’s plan to purchase British Steel assets at risk

Bloomberg Jingye Group Co’s planned acquisition of the assets of troubled steelmaker British Steel is at risk of falling through, the Sunday Telegraph reported. Discussions with the Chinese steel conglomerate are under threat as a deadline to finalise the terms nears, the newspaper said, citing unidentified sources. Officials and accountants ...

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Google culture war escalates as era of transparency wanes

Bloomberg Each morning, workers at Google get an internal newsletter called the “Daily Insider.” Kent Walker, Google’s top lawyer, set off a firestorm when he argued in the November 14 edition that the 21-year old company had outgrown its policy of allowing workers to access nearly any internal document. “When ...

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Malaysia to publish oil-palm concession maps in traceability bid

Bloomberg Malaysia, the world’s second-largest grower of palm oil, plans to publish concession maps and make them accessible to the public, according to the Malaysian Palm Oil Certification Council. The group, also known as MPOCC, said it aims to achieve 100% traceability at the farm level via the Malaysian Sustainable ...

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China threatens Germany with retaliation if Huawei banned

Bloomberg China’s ambassador threatened Germany with retaliation if it excludes Huawei Technologies Co as a supplier of 5G wireless equipment, citing the millions of vehicles German carmakers sell in China. Resistance against Huawei is growing among lawmakers in Chancellor Angela Merkel’s governing coalition, who have challenged her China policy with ...

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