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An American and an Australian have been freed in Afghanistan as part of a prisoner swap with the Taliban. It could be a sign of movement on peace negotiations.
November 19, 2019Read More
(Bloomberg) — Sign up to our Brexit Bulletin, follow us @Brexit and subscribe to our podcast.The U.K. has used the seven-sided 50 pence coin to celebrate national achievements ranging from the London Olympics of 2012 to the work of children’s author B…
November 19, 2019Read More
With a dictator gone, a peace deal in place, and a historic joint civilian-military council sworn in, what’s next for Sudan’s economy?
November 19, 2019Read More
(Bloomberg) — Chancellor Angela Merkel has gotten a lot of advice on why not to allow Chinese equipment supplier Huawei Technologies Co. into Germany’s 5G network. After the U.S. and Germany’s intelligence services, it’s her own party that’s pressurin…
November 19, 2019Read More
Athletic director Vince Tyra began talking about a contract extension before Scott Satterfield coached his first football game at Louisville.
November 19, 2019Read More
(Bloomberg) — The conflict in eastern Ukraine must be resolved before the onset of winter makes already unbearable conditions for people on the ground even worse, according to German Foreign Minister Heiko Maas.Ahead of a first meeting between Vladimi…
November 19, 2019Read More
American Kevin King and Australian Timothy Weeks were abducted in 2016 from Kabul, where they taught at the American University. Three Taliban commanders held by the Afghan government were also freed.
November 19, 2019Read More
(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.The German government should be applauded for its plans for fiscal stimulus and climate, according to International Monetary Fund Managing Director Kristalina Georgieva.“I want to say we have to give credit to the German authorities,” Georgieva said in a Bloomberg TV interview in Berlin Tuesday, pointing to fiscal support contained in next year’s budget. “They also came up with a very ambitious climate plan — bravo — may others follow. That also would inject a stimulus.”The comments are a rare spot of praise for Germany, which has been urged to step up fiscal spending to help both its economy and that of the broader euro area. One such call came from the IMF in October, suggesting the government “should take advantage of negative borrowing rates to invest in social and infrastructure capital.”So far, Germany has resisted the more extreme plans floated, saying there’s no crisis it needs to respond to. Georgieva is scheduled to meet with Chancellor Angela Merkel later this afternoon.The Bulgarian, who took on the IMF role last month, said the global economy will see a modest upswing in 2020, but cautioned that it’s still operating under a heavy cloud of uncertainty. The world needs to move from a trade truce to trade peace, she added.“We can reach an upswing but it would require policy efforts,” she said. “It’s not going to come just falling from the sky.”One way to help support the economy is to avoid pulling the plug on low interest rates prematurely, Georgieva said. At the same time, she acknowledged that negative rates, which helped the economy at a gloomy time, can also create risks.ArgentinaOne of the major items on the IMF’s agenda is Argentina, an issue which U.S. President Donald Trump waded into this month. Following Alberto Fernandez’s election win, Trump told him that he asked the IMF to work with the incoming government over the nation’s record $56 billion credit line.Georgieva said Tuesday the fund needs to see Fernandez’s economic plans, urging him to be mindful of the impact on the poorest in the country, and also keep to budgetary constraints.(Updates with comments from Georgieva starting in seventh paragraph.)To contact the reporters on this story: Matthew Miller in New York at [email protected];David Goodman in London at [email protected] contact the editors responsible for this story: Paul Gordon at [email protected], Jana Randow, Fergal O’BrienFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
November 19, 2019Read More
A year after going winless in ACC play, the Cardinals are already bowl-eligible. Here’s how we got here, plus more sports highlights from Kentucky.
November 19, 2019Read More
Trump administration officials will testify about the president’s Ukraine call and efforts to pressure the country to announce investigations into his rivals.
November 19, 2019Read More
(Bloomberg) — Want to receive this post in your inbox every day? Sign up for the Balance of Power newsletter, and follow Bloomberg Politics on Twitter and Facebook for more.From point man to point of contention.Gordon Sondland, once a little-known Donald Trump loyalist and donor, has become a household name for anyone following the House impeachment hearings.The self-described “point man for Europe” who the president assigned to oversee relations with Ukraine, Sondland has been a central figure in the narrative that witnesses are sketching of the Trump administration’s efforts to press Kyiv to investigate his 2020 rival Joe Biden.As Nick Wadhams writes, Sondland is now poised to take a beating from both parties when he testifies tomorrow in what’s likely to be the marquee event of the second week of public impeachment hearings.It will follow testimony scheduled for today from Kurt Volker, who until recently was Trump’s special envoy to Ukraine and who worked closely with Sondland, the ambassador to the European Union.Republicans may seek to portray the latter as an unreliable witness who steered U.S. policy without Trump’s permission, while Democrats will argue he was deep in the president’s inner circle.While the question lingers whether Sondland had the Oval Office access he claimed or exaggerated his influence, his role at the heart of the impeachment story symbolizes Trump’s unorthodox — critics say chaotic — foreign policy.With Trump now suggesting that he’s “strongly considering” testifying, it’s possible the answer could eventually come from the commander-in-chief himself.Global HeadlinesUnder siege | Days of anti-government protests in Iran have left hundreds under arrest, the Internet blocked and an unconfirmed number of people dead, raising the question: Is the Trump administration’s “maximum pressure’’ campaign working? There’s little doubt it has hurt the economy, but there’s no sign Iran’s leaders are losing support of the powerful Revolutionary Guards or that it’s backing down on its stalled nuclear program.Promises, promises | Whatever the outcome of the Dec. 12 election, the U.K. is heading for public spending levels not seen since the 1970s. After a decade of austerity, political leaders are in an arms race of spending pledges. But for post-industrial towns in the North of England like Hartlepool, where budget cuts took a brutal toll, relief may be too late, Andrew Atkinson and Lucy Meakin report.Prime Minister Boris Johnson and Labour leader Jeremy Corbyn are preparing for their first head-to-head election debate today as the latter seeks to reverse Johnson’s double-digit lead in polls.Question of sovereignty | The U.S. is reversing its decades-old position on Israeli settlements built on land claimed by Palestinians in the West Bank, declaring they’re not illegal under international law. The move could provide a boost to Prime Minister Benjamin Netanyahu, who faces potential criminal charges over alleged corruption and the end of his rule following September elections that gave no one the edge to form government.A higher authority | China denounced a Hong Kong court decision that ruled that a government ban on masks was unconstitutional, raising concerns of an intervention in a judicial system whose independence is seen giving the global financial hub a key competitive advantage. It was the latest sign Beijing is taking a more hands-on role after months of historic unrest.Hong Kong leader Carrie Lam urged a peaceful end to a siege at a university where about 100 protesters remained holed up after clashes with police. U.S. Senate Republicans’ push to support Hong Kong protesters has been met with silence from Trump, who has yet to indicate whether he’d sign a bipartisan bill that risks angering China. Battleground bid | Democrats hope to put the diverse state of Georgia in play for the first presidential election in decades, but it remains a long shot (Trump carried the state by five percentage points in 2016). The party will have to fight with Republicans over access to ballots and other voting-rights issues. Highlighting its new competitiveness, 10 candidates seeking the 2020 Democratic nomination will debate tomorrow in Atlanta.What to WatchThe Catalan separatist party that holds the key to unlocking a national government for Spain is preparing its supporters for a deal that would put Socialist acting Prime Minister Pedro Sanchez back into power. German Chancellor Angela Merkel will address a conference of African leaders today in Berlin as the European Union faces criticism of allowing China and Russia to wield more influence on the continent. Poland’s nationalist government suffered another blow to its sweeping judicial reforms after the European Union’s highest court raised fresh concerns over the independence of judges.Tell us how we’re doing or what we’re missing at [email protected] finally … Scapegoating immigrants for South Africa’s economic woes by everyone from the unemployed to the president has fueled routine bouts of xenophobic violence that’s killed hundreds since the end of apartheid a quarter century ago. As Antony Sguazzin reports, far from being spontaneous, the attacks — most often on fellow Africans — are often coordinated by groups and individuals for economic or political gain, capitalizing on the public’s frustration with soaring crime and scarce jobs, housing and health care. \–With assistance from Karl Maier, Jess Shankleman and Brendan Scott.To contact the author of this story: Kathleen Hunter in London at [email protected] contact the editor responsible for this story: Ruth Pollard at [email protected], Michael WinfreyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
November 19, 2019Read More
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