Bloomberg Politics: news on page 381

Gordhan Plans Sweeping Changes for South African State Firms

Gordhan Plans Sweeping Changes for South African State Firms

Extensive changes are in the offing at South Africa’s troubled state-owned companies as new Public Enterprises Minister Pravin Gordhan moves to tackle their many management and financial failings.
South Africa Awaits First Ratings Verdict of Ramaphosa Era

South Africa Awaits First Ratings Verdict of Ramaphosa Era

South Africa will probably escape a junk assessment from Moody’s Investors Service this week in the first such verdict on the country’s creditworthiness since Cyril Ramaphosa came to power.
Modi's Flagship India Projects Starved for Cash, Report Says

Modi's Flagship India Projects Starved for Cash, Report Says

India’s flagship government initiatives have barely spent any of the money allocated to them, a parliamentary committee has reported, raising questions about the on-the-ground implementation of Prime
Day One at the G-20: Where We Stand on Top World Economic Issues

Day One at the G-20: Where We Stand on Top World Economic Issues

Finance ministers and central bankers from the leading economies tried to work out some of their differences on the most pressing economic issues during meetings in Buenos Aires on Monday.
Germany’s Finance Minister Says Keep Talking to Help Avert Trade War

Germany’s Finance Minister Says Keep Talking to Help Avert Trade War

German Finance Minister Olaf Scholz said one of the ingredients for avoiding a trade war is to ensure that all sides don’t stop talking to each other.
S. African Tax Agency Head to Face Hearing After Suspension

S. African Tax Agency Head to Face Hearing After Suspension

South African tax agency commissioner Tom Moyane was suspended and will face disciplinary proceedings as newly elected President Cyril Ramaphosa’s administration moved to restore trust in the
States Open Probes Into Election Firm's Facebook Data Use

States Open Probes Into Election Firm's Facebook Data Use

Connecticut opened an inquiry into how the personal information of millions of Facebook Inc. users came into the possession of U.K.-based Cambridge Analytica, the sophisticated data analytics firm
Why U.S. Deficit Spending Is a Good Thing

Why U.S. Deficit Spending Is a Good Thing

Stephanie Kelton, Stony Brook University professor of public policy and economics, discusses the impact of U.S. tax cuts and infrastructure spending on employment and the economy with Bloomberg's Joe
Mnuchin Takes Heat From Global Finance Chiefs Over Trade

Mnuchin Takes Heat From Global Finance Chiefs Over Trade

Global finance chiefs were unusually blunt in warning that the U.S. had put the international trade order at risk as President Donald Trump pushes ahead with his “America First” agenda by imposing
Trump Pledges 'Major News Conference' on U.S. Drug Prices

Trump Pledges 'Major News Conference' on U.S. Drug Prices

President Donald Trump speaks about efforts to reduce prescription drug prices at an opioids conference in New Hampshire. (Source: Bloomberg)
N.Y. Attorney General to Meet With Tenants About Kushner Report

N.Y. Attorney General to Meet With Tenants About Kushner Report

New York’s top cop plans to meet with tenant representatives to discuss a report by a housing watchdog group that claims Jared Kushner’s family real-estate firm under-reported the number of
Bridgegate Prosecutor Fishman Gets Crisis Job at Arnold & Porter

Bridgegate Prosecutor Fishman Gets Crisis Job at Arnold & Porter

Paul Fishman, New Jersey’s former top federal prosecutor, has joined Arnold & Porter, where he will lead the law firm’s crisis management and strategic response team, according to a statement by
Navy Weighs Buying Two More Costly Carriers in One Big Contract

Navy Weighs Buying Two More Costly Carriers in One Big Contract

The U.S. Navy is exploring whether it can achieve significant savings in parts and labor by buying its next two aircraft carriers together instead of individually, the service’s top weapons buyer
South Africa Tax Chief Threatens Legal Action Over Job

South Africa Tax Chief Threatens Legal Action Over Job

South African Revenue Service Commissioner Tom Moyane will seek a legal interdict against Cyril Ramaphosa if the president does not stop trying to remove him from the tax agency, according to people
GOP Loses Last-Ditch Bids to Block Pennsylvania Voting Map

GOP Loses Last-Ditch Bids to Block Pennsylvania Voting Map

Republicans lost two last-ditch court challenges to a new Pennsylvania congressional voting map, ensuring that Democrats will get to run in more favorable districts in the state as they try to take

Trump Promises ‘Major News Conference’ on U.S. Drug Prices

President Donald Trump said he’ll hold a news conference in about a month on drug prices, and his health secretary said the administration will seek discounts from “middlemen” in the industry.
U.S. Offers Trade Relief for Help in Pressuring China, Source Says

U.S. Offers Trade Relief for Help in Pressuring China, Source Says

The Trump administration is pressing countries to ally with the U.S. in pushing back against Chinese trade policies in exchange for relief from American tariffs on steel and aluminum, according to a
Trump Calls for Death Penalty for Some Drug Dealers in Opioid Plan

Trump Calls for Death Penalty for Some Drug Dealers in Opioid Plan

President Donald Trump proposed seeking the death penalty for some drug dealers, complimented a Clinton Foundation program that provides free overdose drugs to schools, and pledged to boost research
Actress Cynthia Nixon Challenges Cuomo for New York Governor

Actress Cynthia Nixon Challenges Cuomo for New York Governor

Actress Cynthia Nixon, who won a 2004 Emmy award for playing single lawyer Miranda Hobbes in HBO’s “Sex and the City,” is reaching for a new role. She plans to challenge New York Governor Andrew Cuomo
McDonald’s Wants to End Potential Landmark Workplace Case

McDonald’s Wants to End Potential Landmark Workplace Case

Lawyers for employees who say they were fired for seeking higher wages claim the NLRB is trying to avoid a pro-worker precedent.