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European investors managing assets worth more than 1 trillion pounds ($1.28 trillion) are pressing top auditors to take urgent action on climate-related risks, warning that failure to do so could do more damage than the financial crisis. The case for …
November 28, 2019Read More
Lawmakers in Bosnia’s autonomous Serb Republic on Thursday approved a rise in public sector wages of up to 20% as they scramble to stop workers departing the country en masse. The governments of Bosnia’s two entities, like those in neighbouring Balkan…
November 28, 2019Read More
The police commander in charge of operations at the 1989 Hillsborough soccer stadium crush that killed 96 Liverpool supporters was found not guilty of manslaughter on Thursday. Former Chief Superintendent David Duckenfield was in charge of the stadium…
November 28, 2019Read More
Up to five companies active in the cannabis industry could go public in 2020 in Europe, a continent whose stock markets have largely missed out on the North-American “pot stocks” frenzy, a leading industry analyst said on Thursday. The legalization of…
November 28, 2019Read More
Neither of Britain’s two main political parties are going into next month’s election with credible tax and spending plans, a leading think tank said on Thursday. Prime Minister Boris Johnson’s spending blueprint looked too small to ease the strain on …
November 28, 2019Read More
Up to five companies active in the cannabis industry could go public in 2020 in Europe, a continent whose stock markets have largely missed out on the North-American “pot stocks” frenzy, a leading industry analyst said on Thursday. The legalization of…
November 28, 2019Read More
Germany plans to screen non-European investors that want to buy into firms in high-tech sectors such as robotics and artificial intelligence in a move widely seen as targeting Chinese state-backed investors. The measures, outlined in a document seen b…
November 28, 2019Read More
Days to General Election: 14(Bloomberg) — Sign up here to get the Brexit Bulletin in your inbox every weekday.What’s Happening? Boris Johnson’s resounding poll lead piles on the misery for Labour leader Jeremy Corbyn.Voters, be warned: A leading U.K. think tank offered a damning analysis of both the Conservative and Labour election pledges, cautioning that Briton should expect higher taxes post-election than either party has outlined.In a brutal assessment of both manifestos for the Dec. 12 vote, the Institute for Fiscal Studies said that “neither is a properly credible prospectus.” The two parties offer vastly different options for voters — you can explore the competing plans right here.Corbyn is promising a generational shift in public spending along with sweeping nationalization plans, while Prime Minister Boris Johnson’s Conservatives are presenting a more prudent approach, offering themselves up as the responsible alternative to Labour’s radical ideas.All this came the morning after a much-anticipated poll put the Conservatives on track to win their biggest majority in more than three decades. The YouGov survey, which used a technique that stood up well in 2017, suggested the Tories would win 359 of the 650 seats in Parliament. That would be a gain of 42 on the last election, and a majority of 68. Labour would drop more than 50 seats to 211, the survey showed. There were caveats in the gloom for Labour: YouGov pointed to 30 seats it sees swinging to the Tories where the current margin is still less than 5%. Corbyn has two weeks to shift the momentum in those areas, which voted to leave the European Union and where he’s losing votes to Johnson’s pro-Brexit message.Today’s Must-ReadsParty leaders (minus Johnson) will debate climate change on Channel 4 this evening. Slow news outlet Tortoise looks at what the manifestos say about the path to net-zero emissions. Is Jeremy Corbyn an antisemite? It no longer matters, Therese Raphael argues for Bloomberg Opinion. Labour’s Brexit plan is far more attractive than Boris Johnson’s, Martin Wolf writes in the Financial Times. “But do I trust Mr Corbyn’s Labour with my country? No.”Brexit in BriefChanging Tack | Labour will change its approach in Leave-voting areas in a bid to win over people who are skeptical about its Brexit policy, the BBC reports. The strategy will focus on trying to convince voters that Labour support for a new referendum is not a bid to remain in the EU “by the back door,” the BBC said.Ghost of Columns Past | The prime minister came under fire for remarks made in columns published earlier in his career. Writing in the Spectator in 1995 he called single mothers “uppity and irresponsible” and working class men “feckless and hopeless.” The Guardian reported that in 1999 he wrote a diary piece in the Independent describing young people’s interest in money as “almost Nigerian.”Sixteen-Year Low | Net migration to the U.K. from the EU fell to its lowest level since 2003 in the year through June, preliminary Office for National Statistics estimates published on Thursday show.Bouncing Back? | U.K. house prices increased at their fastest pace in more than a year this month, according to Nationwide Building Society. Values rose 0.5% in November from October, the biggest advance since July 2018. U.K. housing activity has been undermined by the ongoing Brexit process since the 2016 referendum.Cash Boost | Labour brought in £3.49 million ($4.5 million) in donations of more than £7,500 from Nov. 13-19, the Electoral Commission said. That compared to £2.97 million for the Conservatives, £2.25 million for the Brexit Party and £251,000 for the Liberal Democrats.Winning Streak | The pound headed for a fourth month of gains against the euro, reflecting growing confidence in the market that the Conservative Party will be able to secure a majority. Sterling traded at €1.1735 on Thursday afternoon, meaning one euro costs about 85 pence.Want to keep up with Brexit?You can follow us @Brexit on Twitter, and listen to Bloomberg Westminster every weekday. It’s live at midday on Bloomberg Radio and is available as a podcast too. Share the Brexit Bulletin: Colleagues, friends and family can sign up here. For full EU coverage, try the Brussels Edition.For even more: Subscribe to Bloomberg All Access for our unmatched global news coverage and two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close.To contact the authors of this story: Fergal O’Brien in Zurich at [email protected] Atkinson in London at [email protected] contact the editor responsible for this story: Adam Blenford at [email protected], Chris KayFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
November 28, 2019Read More
The Nigerian government on Thursday placed a bank guarantee of $200 million with a high court in London to secure a stay on asset seizures of up to $9 billion related to a failed gas project, a spokesman for its attorney general said. Process & Indust…
November 28, 2019Read More
SARAJEVO, Bosnia-Herzegovina (AP) — Environmental groups and activists have warned that unspoiled rivers in the Balkans are in danger from small hydropower plants that have been sprouting throughout the region. A declaration they issued after a meetin…
November 28, 2019Read More
London police are defending the decision not to pursue a full investigation of allegations made against Prince Andrew by a woman who says she was trafficked by the late convicted sex offender Jeffrey Epstein. Police acknowledged Thursday that they rec…
November 28, 2019Read More
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