Bloomberg The Czech government alleged Russia was involved in a deadly blast at a munitions site in 2014 and said it’s expelling 18 embassy staffers, signaling that the country is joining growing international pressure to rein in President Vladimir Putin. Prime Minister Andrej Babis’s unexpected announcement coincides with concern in ...
Read More »Joe Biden to raise Trump refugee cap after huge outcry
Bloomberg President Joe Biden said he plans to announce a higher refugee cap for this year, following a swift backlash from allies over a decision to keep the low ceiling set by his predecessor. Biden signed an order intended to accelerate processing of refugees while keeping former President Donald Trump’s ...
Read More »Putin critic Navalny’s health declines
Bloomberg Jailed Russian opposition leader Alexey Navalny’s condition has worsened sharply after 2 1/2 weeks of a hunger strike and he may die within days, his supporters said. “Alexey is dying now. Given his condition, it’s a matter of days,” Navalny’s spokeswoman Kira Yarmysh said on Facebook. Anastasia Vasilieva, who ...
Read More »UK economy picks up steam as hiring begins with lockdown end
Bloomberg The UK economy is building momentum, with real-time indicators suggesting consumers have started to splurge some of the cash they’ve saved now that the government has loosened lockdown rules. Restaurant bookings and job postings surged to the highest since the start of the coronavirus pandemic, while road traffic and ...
Read More »Swiss billionaire Wyss to drop out of Tribune bid
Bloomberg Swiss billionaire Hansjoerg Wyss will drop out of a group that was bidding for Tribune Publishing Co., according to people familiar with the situation, dealing a setback to a $681 million takeover attempt. Wyss had teamed up with Choice Hotels International Inc. Chairman Stewart Bainum Jr. on the $18.50-a-share ...
Read More »Sweden eyes record $104b transport spending plan
Bloomberg Sweden’s government wants to spend $104 billion on building and maintaining highways and railroads over the coming 12 years as part of the Nordic nation’s plan to achieve carbon neutrality by 2045. The proposal adds 176.5 billion kronor to previous vision, making it the country’s biggest ever framework plan ...
Read More »US consumer sentiment surges along with inflation expectations
Bloomberg US consumer sentiment improved in April following another round of fiscal stimulus and as job growth accelerated. At the same time, inflation expectations surged to the highest in nine years. The University of Michigan’s preliminary sentiment index rises to 86.5 from 84.9 in March, data showed. While the figure ...
Read More »Canada tells wireless firms to sell access to networks
Bloomberg Canada issued new rules to bring down wireless costs, forcing large carriers including BCE Inc. and Rogers Communications Inc. resell access to their networks to smaller players. The decision by the telecommunications regulator makes it easier for regional telecommunications providers such as Quebecor Inc. and Cogeco Communications Inc. to ...
Read More »Hemnet targets valuation of $1.4bn in IPO
Bloomberg Sweden’s biggest online platform for property classifieds, Hemnet Group AB, is targeting a valuation of as much as $1.4 billion when it launches an initial public offering in Stockholm later this month. The IPO price range is expected to be 95 to 115 kronor per ordinary share, equating to ...
Read More »Bets against Treasuries start to pinch in tough week for bears
Bloomberg Investors betting against Treasuries — or even just hiding out in cash waiting for lower prices — just suffered a rough week, even after a robust slate of economic figures showed the rebound from the pandemic is gaining steam. The debate over the long-term outlook for the $21 trillion ...
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