Bloomberg Politics: news on page 49

Global Trade Slumps in April as Trade War Dragged On

Global Trade Slumps in April as Trade War Dragged On

Global trade stumbled in April as the tariff war between the U.S. and China showed few signs of ending, figures released Tuesday showed.
FedEx Lobs New Attack on Trade Limits as China Threat Looms

FedEx Lobs New Attack on Trade Limits as China Threat Looms

FedEx Corp. has fired a new weapon in the simmering U.S.-China trade war, suing the Trump administration to block enforcement of trade restrictions that had placed the company in Beijing’s crosshairs.
BMW Drags Feet on Merkel's Call for German Battery Champions

BMW Drags Feet on Merkel's Call for German Battery Champions

BMW AG isn’t showing much enthusiasm to get on board with a German government push to establish battery cell production in Europe, slowing a plan to create an industry that keeps pace with Asian
Russia’s Wine Threat Drives Georgian Currency to Weakest Ever

Russia’s Wine Threat Drives Georgian Currency to Weakest Ever

Georgia’s lari hit a record low on Tuesday as relations between the tiny Caucasus nation and Russia took a turn for the worse.
Merkel Calls for EU Commission Solution by June 30: Official

Merkel Calls for EU Commission Solution by June 30: Official

Chancellor Angela Merkel warned that the European Union’s horse-trading over top jobs will lead to complications if a candidate isn’t chosen by Sunday, according to a party official.
EU Drills Into Italy’s 2020 Deficit Before Decision on Sanctions

EU Drills Into Italy’s 2020 Deficit Before Decision on Sanctions

The European Commission is focusing on Italy’s 2020 deficit projections as the key element to determine whether it will open disciplinary proceedings next week.
Nigeria to Raise VAT to 7.5% From 5%, Ex-Minister Says

Nigeria to Raise VAT to 7.5% From 5%, Ex-Minister Says

Nigeria will increase the rate of value-added tax to 7.5% from current 5% in 2020 as Africa’s biggest oil producer seeks to shore up falling revenue, the country’s most recent Finance Minister Zainab
Trump Says U.S. Will Use ‘Overwhelming Force’ If Iran Attacks

Trump Says U.S. Will Use ‘Overwhelming Force’ If Iran Attacks

President Donald Trump threatened Iran with forceful retaliation for any attack on the U.S. after the Islamic Republic ruled out talks to resolve escalating tensions between the two nations.
Why Article 24 Is No Soft Landing for a No-Deal Brexit

Why Article 24 Is No Soft Landing for a No-Deal Brexit

It’s a solution that’s already been rejected by the EU and the WTO.
Egypt Arrests Eight People in Alleged Uprising Anniversary Plot

Egypt Arrests Eight People in Alleged Uprising Anniversary Plot

Egyptian security officials said Tuesday they’d arrested eight people, including a former lawmaker and two journalists, accused of links to the banned Muslim Brotherhood movement.
Hard Brexit May Cost Ireland 85,000 Jobs,  Government Warns

Hard Brexit May Cost Ireland 85,000 Jobs, Government Warns

Ireland's economic growth rate may be flat next year if the U.K. crashes out of the European Union without a deal, the government warned.
Russia Assails Efforts to Isolate Iran, Israeli Strikes in Syria

Russia Assails Efforts to Isolate Iran, Israeli Strikes in Syria

Russia pushed back against U.S. and Israeli attempts to isolate Iran at a rare three-way meeting of their national security chiefs designed to bridge disagreements over the Iranian presence in Syria.
Australia Won't ‘Sit Back’ as U.S.-China Fight Worsens, PM Says

Australia Won't ‘Sit Back’ as U.S.-China Fight Worsens, PM Says

Australia is urging Indo-Pacific nations to step up their commitment to free trade as the worsening fallout from the U.S.-China impasse threatens global growth.
Australians Trust China Less Even as Their Dependence Grows

Australians Trust China Less Even as Their Dependence Grows

Australians are growing more mistrustful of China and are wary of the nation’s economic dependence on its biggest trading partner, according to a survey.
Meltdown of State Companies Imperils South Africa's Finances

Meltdown of State Companies Imperils South Africa's Finances

A meltdown at some of South Africa’s biggest state companies is intensifying, placing the nation’s finances at risk and frustrating President Cyril Ramaphosa’s efforts to attract new investment and
S. African Pensions Seen at Risk If State Forces Investments

S. African Pensions Seen at Risk If State Forces Investments

A plan mooted by South Africa’s ruling African National Congress to force retirement funds into investing in specific state-owned companies or government projects could leave pensioners poorer.
Fannie, Fintech Face Congress With Wall Street Watching Closely

Fannie, Fintech Face Congress With Wall Street Watching Closely

Analysts will be scrutinizing separate hearings on Tuesday for signals on the future of housing finance and financial technology.
Trade War Is Lose-Lose Situation Says HSBC's King

Trade War Is Lose-Lose Situation Says HSBC's King

Stephen King, senior economic adviser at HSBC, discusses U.S.-China trade tensions on "Bloomberg Surveillance." (Source: Bloomberg)
Putin to Meet With Saudi Prince Just Days Before OPEC+ Gathers

Putin to Meet With Saudi Prince Just Days Before OPEC+ Gathers

Russian President Vladimir Putin plans to meet Saudi Crown Prince Mohammed Bin Salman at the Group of 20 summit in Japan this week, just days before OPEC and its allies gather in Austria to discuss