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FT Select

Tim Cook has signalled that Apple would look to broaden its $50bn US manufacturing and supplier base, as the iPhone maker faces looming pressure on domestic job creation from the Trump administration. Apple would also step in to defend net neutrality, its chief executive said, if the principle protecting even-handed management of internet traffic was threatened by the new head of the Federal Communications Commission, the US telecoms regulator. “We […]

FT Select

South Korean prosecutors have charged Lee Jae-yong, Samsung’s de facto boss, with bribery, embezzlement and other offences in connection with the country’s sprawling corruption scandal. The move on Tuesday is a blow to the leadership transition to the third generation of the founding family of South Korea’s largest conglomerate. The indictment of the 48-year-old vice-chairman of Samsung Electronics, along with four other Samsung executives, comes as the […]

Business

By Se Young Lee and Ju-min Park | SEOUL SEOUL South Korean prosecutors said on Tuesday they will charge Samsung Group [SARG.UL] chief Jay Y. Lee with bribery and embezzlement as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a scandal that has rocked the country for months. Jay Y. Lee, 48, was arrested on Feb. 17 over his alleged […]

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FT Select

The near collapse of the €29bn merger between the London Stock Exchange Group and Deutsche Börse was precipitated by the LSE’s decision to aggressively reject concessions demanded by Brussels without warning or consulting its German partner. Both exchanges took turns apportioning blame to EU authorities and obstinate rivals on Monday, making clear the deal once touted as creating a European champion to challenge their larger US rivals […]

Investing

Submitted by Matthew Continetti via FreeBeacon.com, How bureaucrats are fighting the voters for control of our country Donald Trump was elected president last November by winning 306 electoral votes. He pledged to “drain the swamp” in Washington, D.C., to overturn the system of politics that had left the nation’s capital and major financial and tech centers flourishing but large swaths of the country mired in stagnation and […]

Investigation

Why would lobbyists donate to Trump’s transition team, which served as the official “government-in-waiting” that worked to craft the new administration’s policies and identify potential presidential appointees? “Money buys access and influence,” said Craig Holman, a lobbyist for the public interest group Public Citizen, adding that he’s disappointed by the actions of a candidate who pledged to “drain the swamp” in Washington, D.C. “Trump isn’t carrying through […]

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World

By Lisa Baertlein and Paul Ingram | NOGALES, Arizona NOGALES, Arizona For up to 16 hours a day, tomatoes, peppers, cucumbers and mangoes grown in Mexico flow north through a border checkpoint into Nogales, Arizona, helping to ensure a year-round supply of fresh produce across the United States. This is a city built on cross-border trade. Each year, some 330,000 trucks and 75,000 train cars carrying $17 […]

Newsbox

A few days before the retreat, I met up with the man who, perhaps more than any other figure in the conservative movement, had maneuvered the party toward complete and unbending opposition to Obamacare: Michael Needham of the Heritage Foundation. Needham, 35, is the chief executive of Heritage Action for America, a feral cur of a lobbying organization established by the venerable conservative think tank in 2010 […]

Middle East

US President Donald Trump has warned US airlines that foreign rivals “bring big investments” while pledging to support them amid tough competition, in the latest indication of his stance in the ongoing dispute between Gulf and US carriers. The new president told a White House meeting with the country’s largest airlines, air freight companies and airports on Thursday that he would support the US aviation industry in […]

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Business

By Ginger Gibson and David Shepardson | WASHINGTON WASHINGTON Days before a group of Republican lawmakers were due to discuss their party’s controversial proposal to tax all imports, Toyota Motor Corp (7203.T) sent an urgent message to its U.S. dealers – tell the politicians the tax would seriously hurt car buyers. Some of Toyota’s 1,500 dealers heeded the call and contacted members of the House of Representatives’ […]

World

By Ed Cropley | ADDIS ABABA ADDIS ABABA The African Union is due to choose a new leader on Monday in a vote more likely to expose differences over the International Criminal Court and other issues than reaffirm the continent’s solidarity and common purpose. In a clear split, three of its four major regions – the south, the east and the largely Francophone west – are supporting […]

World

WARSAW Poland wants to convince German Chancellor Angela Merkel during her trip to Warsaw in February to support its ideas for reforming the European Union, Polish Prime Minister Beata Szydlo said on Saturday. Poland’s year-old government, led by the conservative and eurosceptic and Law and Justice (PiS) party, believes that central EU institutions in Brussels wield too much power and is lobbying for reforms that would strengthen […]

Investing

Submitted by James Durso via RealClearDefense.com, Ukraine’s government has hired Washington lobbyists to fix its problems with the Trump Administration, but would do better to fix its internal problems, instead. Ukraine’s problems are in four categories: a structural problem caused by the multiple overlapping entities involved in military strategy and procurement; the absence of a unified strategic vision for ordering equipment and supplies; a “Fifth Column” of […]

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FT Select

Johnson & Johnson, the world’s largest healthcare company, blamed a stronger dollar as it forecast that 2017 profits and sales would fall below Wall Street expectations, sending the group’s shares down by more than 2 per cent. Dominic Caruso, chief financial officer, said it appeared that many Wall Street analysts had not updated their models to account “for the negative impacts of currency movement” as J&J became […]

Investing

Having already signed a (mostly symbolic) executive order on Obamacare on Friday night, urging US agencies to “waive, defer, grant exemptions from, or delay the implementation” of provisions deemed to impose fiscal burdens on states, companies or individuals, Trump is preparing to unload a volley of many more executive orders. Courtesy of Axios, which quotes “one of the best-wired Republican lobbyists in town”, here is a preview […]

FT Select

George Osborne, the former UK chancellor, is to join BlackRock, the world’s largest asset manager, as an adviser. BlackRock’s chairman and chief executive Larry Fink said the company wanted Mr Osborne’s “unique and valuable perspective on the issues affecting the world”, citing his work helping the UK and the G20 to recover from the financial crisis. “At the centre of our mission is helping people around the […]

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World

SEOUL South Korea’s special prosecutor’s office said on Friday it summoned a Samsung Electronics Co Ltd executive for questioning as it investigates a widening influence-peddling scandal that has embroiled President Park Geun-hye. The office said it had summoned Executive Vice President Hwang Sung-soo for questioning at 2 p.m. (0500 GMT) on Friday, adding he was classified as a witness. It did not elaborate. Hwang is the fifth […]

Arts & Culture

When it comes to bare-knuckle political lobbying, 12-year-old Claudia Conway is a chip off the old block. Today her mother, Kellyanne Conway, the Republican pollster credited with turning round Donald Trump’s presidential campaign, will be celebrating her 50th birthday at the inauguration of the 45th President of the United States. As his special counsellor, Conway is looking forward to life as the most powerful woman in the […]

What's On

Lawmakers, government officials, and aid workers are bracing themselves for a broad offensive from President-elect Donald Trump against federal programs that support family planning and gender equality around the world. As one of his first acts in the Oval Office, the Republican president-elect plans to restore the “Mexico City policy” as soon as Sunday, a congressional staffer told Foreign Policy. Also known as the “global gag rule,” […]

World

By Ayesha Rascoe and Julia Edwards Ainsley | WASHINGTON WASHINGTON Donald Trump is ready to begin taking executive actions on his first day in the White House on Friday to move quickly on his pledge to crack down on immigration, build a wall on the U.S.-Mexican border and roll back outgoing President Barack Obama’s policies. Trump, a Republican elected on Nov. 8, arrived in Washington on a […]

World

OTTAWA Canada’s ethics watchdog is investigating Justin Trudeau for potential breaches related to his recent holiday on an island owned by the Aga Khan, the first time a prime minister has faced such scrutiny, media reported on Monday. Trudeau has been confronted with repeated questions from the opposition about his vacation in the Bahamas over the New Year’s holiday and said last week that he had flown […]

World

By Alessandra Prentice | KIEV KIEV Outgoing U.S. Vice President Joe Biden called on Monday for sanctions on Russia to stay, urging the world to stand up to its “coercion and aggression” after President-elect Donald Trump mooted ending the measures under a possible deal with Moscow. Speaking on a swan song visit to Kiev, Biden said the G7 nations and European Union should lift the sanctions only […]

Business

By Se Young Lee and Ju-min Park | SEOUL SEOUL Samsung Group leader Jay Y. Lee left the South Korean special prosecutor’s office early on Friday, more than 22 hours after arriving for questioning on bribery suspicions in an influence-peddling scandal that could topple President Park Geun-hye. Lee left the special prosecution office without answering reporters’ questions and headed to a waiting car. Prosecutors have been investigating […]

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World

By Patricia Zengerle and Yeganeh Torbati | WASHINGTON WASHINGTON Secretary of State nominee Rex Tillerson expressed views on Wednesday at odds with President-elect Donald Trump’s positions on key foreign policy issues like nuclear proliferation, trade deals, climate change and relations with Mexico. In a nine-hour Senate confirmation hearing, the former chief executive of oil company Exxon Mobil (XOM.N) said he favoured maintaining U.S. sanctions against Russia for […]

Business

By Se Young Lee and Ju-min Park | SEOUL SEOUL A South Korean special prosecutor’s office will question Samsung Group [SAGR.UL] leader Jay Y. Lee as a suspect in a widening influence-peddling scandal that may force President Park Geun-hye from office. Prosecutors have been looking into whether Samsung payments of about 30 billion won ($25 million) for a business and foundations backed by Park’s friend, Choi Soon-sil, […]

Business

SEATTLE Boeing Co (BA.N) warned on Tuesday that it will conduct involuntary layoffs of engineers, part of a cost-cutting drive as the aerospace and defense company responds to increasing competition amid slowing aircraft sales. The reductions, disclosed in an internal memo seen by Reuters, also include dozens of job categories eligible for voluntary layoffs in Washington state, southern California and South Carolina. Boeing did not indicate the […]

FT Select

Uber’s policy chief David Plouffe is leaving the company to join the Chan Zuckerberg Initiative, the philanthropic group led by Facebook founder Mark Zuckerberg and his wife, at a time when Uber’s policy battles around the world continue to heat up. Mr Plouffe, who served as President Barack Obama’s campaign manager in 2008, joined Uber in 2014 and saw the company through some of its fiercest political […]

World

By Amanda Ferguson | BELFAST BELFAST After a decade of bitter compromises over paramilitaries and policing, Northern Ireland’s power-sharing government finally fell apart this week over the abuse by farmers of a green-energy grant to burn fuels such as wood pellets instead of coal. The confrontation has exposed a growing rupture in trust between Catholic Irish nationalists and pro-British Protestant unionists whose cooperation underpins the 1998 Good […]

Markets

For more evidence that central bank intervention in the foreign exchange market is increasingly becoming an exercise in futility – look no further than Mexico. The peso briefly sank to a fresh all time low against the dollar on Tuesday, dropping by as much as 1.1 per cent to MXN 21.6227, as concerns continue to mount over incoming US president Donald Trump’s trade rhetoric towards Mexico, report […]

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