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A van carrying migrants rolled into a roadside ditch in eastern Turkey on Thursday, killing 15 people, a Turkish official said. More than 20 other people were also injured in the accident near the town of Ozalp, in Van province, close to Turkey’s bord…
July 18, 2019Read More
Iran’s Revolutionary Guards has seized a foreign ship smuggling fuel in the Gulf, state television quoted Iran’s elite force as saying in a statement on Thursday. “A foreign vessel smuggling one million litres of fuel in the Larak Island of the Persia…
July 18, 2019Read More
Iran said Thursday its Revolutionary Guard seized a foreign oil tanker and its crew of 12 for smuggling fuel out of the country, and hours later released video showing the vessel to be a United Arab Emirates-based ship that had vanished in Iranian waters over the weekend. The announcement solved one mystery — the fate of the missing ship — but raised a host of other questions and heightened worries about the free flow of traffic in the Strait of Hormuz, one of the world’s most critical petroleum shipping routes. The incident happened with tensions running high between Iran and the United States over President Donald Trump’s decision to pull the U.S. out of the Iran nuclear deal.
July 18, 2019Read More
(Bloomberg) — The U.S. condemned Iranian naval activity in the Persian Gulf and demanded the Islamic Republic release a small tanker and its crew that its forces seized earlier this week as tensions in the Persian Gulf remain high.Iran said it seized …
July 18, 2019Read More
(Bloomberg Opinion) — Here are two facts Americans should be aware of: there will be men and women deploying to Afghanistan for the first time this September who were born after Sept. 11, 2001; the authorization for that war was signed so long ago tha…
July 18, 2019Read More
(Bloomberg Opinion) — President Donald Trump reinserted himself into the Iran nuclear negotiations this week, with decidedly mixed results.Trump’s reiteration Tuesday that he isn’t looking for regime change was welcome. As efforts to persuade Iran to …
July 18, 2019Read More
British lawmakers will vote on Thursday on a beefed-up proposal aimed at making it harder for the next prime minister to try to force through a no-deal Brexit by suspending parliament. Boris Johnson, the frontrunner to succeed Prime Minister Theresa M…
July 18, 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.Bill Clinton’s political adviser, James Carville, once said he’d like to be reincarnated as the bond market, since “you can intimidate everybody.” Those days of cowing even presidents may be over.The term ‘bond vigilante’ was coined in the 1980s for investors who punished governments by selling off sovereign debt and sending yields surging, forcing changes in policies or personnel.They had their heyday during the European debt crisis that kicked off in 2009, when investors had the power to make or break governments. From Greece to Italy and Ireland, leaders fell as yields soared and governments were forced into international bailouts.Now, with interest rates at rock bottom, bond yields are at historic lows and investors’ ability to bully governments is waning.Italy remains politically volatile, but yields on its two-year debt went into negative territory this month. Spain doesn’t yet have a government after April elections, but it too can borrow at negative rates. Investors are snapping up bonds in troubled Turkey and Ukraine in search of some kind of returns.Some might see the end of the bond vigilante as healthy. But with politics increasingly divisive, the removal of a layer of market pressure on governments to stay within certain guardrails may mean even more wayward behavior.Global HeadlinesFacing reality | Foreign minister Javad Zarif said Iran is preparing for the possibility of a second term for Donald Trump (rating it a better than 50% chance). Speaking yesterday with Bloomberg Editor-in-Chief John Micklethwait, Zarif warned the U.S. “shot itself in the foot” by abandoning a nuclear accord with Tehran that Trump frequently calls the “worst deal ever.”Click here for what he said on the Strait of Hormuz — a key choke-point for oil flows. And here to see the full television interview.`Send her back’ | In 2016, the familiar refrain at Trump rallies was “Lock her up,” a reference to his unsubstantiated claims that Hillary Clinton illegally used a personal email server. Now his supporters have another Democratic woman in their sights: Somali-born Representative Ilhan Omar. Some chanted “Send her back!” at a rally in the 2020 battleground state North Carolina, a day after the House rebuked Trump for his attacks on Omar and three other female Democrats.Read about another unsuccessful effort from a rogue House Democrat to impeach Trump. Here’s the latest on the race for the White House.True believers | Australia’s first Pentecostal prime minister has taken a leaf out of U.S. Vice President Mike Pence’s campaign for “religious freedom” laws, telling a 21,000-strong crowd of Hillsong Church worshipers in Sydney “our freedoms as Christians in this country” should be protected. Scott Morrison’s message has sparked concerns among gay-rights groups it will lend weight to a push by religious organizations to enshrine in law their right to discriminate.Train wreck | Oscillating between denial and diversion, former South African President Jacob Zuma has had a shocker of a performance while testifying to a commission investigating graft during his nine-year rule. His televised appearance this week has been a boon to his successor, Cyril Ramaphosa, as he fights Zuma supporters to cement control of the ruling party and revive investor confidence in Africa’s most industrialized nation.Messy vote | Billionaire Kostyantin Zhevago is just one of the many oligarchs, sports stars, showbiz celebrities and civil activists seeking a seat in this weekend’s Ukraine parliamentary vote. As our Kiev bureau reports, the lineup of candidates could complicate President Volodymyr Zelenskiy’s bid to secure a footing in parliament for his own nascent party.What to WatchThe Trump administration will deploy about 2,100 more troops to help “secure the southern land border” amid the rancorous debate over the treatment of undocumented migrants caught trying to enter the country. The U.S. suspended Turkey’s ability to buy the F-35 fighter jet and help build it after President Recep Tayyip Erdogan started receiving parts for the Russian-made S-400 missile defense system. The second-deadliest outbreak of Ebola in history is now an international public health emergency, the World Health Organization said yesterday, warning it could spread outside the Democratic Republic of Congo.And finally … Trump’s new helicopter has a scorched Earth problem. The U.S. Navy and Lockheed Martin are working to fix a “high risk” issue with the forthcoming version of Marine One — which routinely ferries the president to and from Air Force One — after a test left burn marks on the White House lawn. Trump was not on board at the time. \–With assistance from Kathleen Hunter, Rosalind Mathieson and Karl Maier.To contact the author of this story: Alan Crawford in Berlin at [email protected] contact the editor responsible for this story: Ruth Pollard at [email protected] more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
July 18, 2019Read More
The U.N. special rapporteur for Myanmar said Thursday the U.S. didn’t “go far enough” in sanctions against four top Myanmar generals over the mass killings of minority Rohingya Muslims. Myanmar’s commander in chief and his deputy, two other generals, …
July 18, 2019Read More
Britain is due to leave the EU in 15 weeks with or without an agreement on future ties and officials from both sides are trading insults inspired by a 1970s WWII sitcom. In a BBC documentary to be screened on Thursday, EU Commission vice president Fra…
July 18, 2019Read More
British lawmakers will vote on Thursday on a measure aimed at making it harder for the next prime minister to try to force through a no-deal Brexit by suspending parliament. Boris Johnson, the frontrunner to succeed Prime Minister Theresa May next wee…
July 18, 2019Read More
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