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Consumer Discretionary

Uproar Over Israel’s Definition of Itself Crosses Ethnic Lines

LISTEN TO ARTICLE SHARE THIS ARTICLE It’s taken a backlash by Israel’s staunchest Arab supporters to spark one of the biggest outpourings of discontent with the Netanyahu government in years. In a country where distrust between Arab and Jew runs deep, Israel’s Druze community, which practices a secretive offshoot of Islam, has bridged the two worlds by integrating more than any other minority into the Jewish state and sending its sons to serve alongside Jewish soldiers. Their exclusion from a contentious law enshrining Israel’s Jewish character has provoked a sense of betrayal, and an uncharacteristically powerful response. Led by Druze dignitaries, about 100,000 community members and Jewish supporters rallied Saturday in Tel Aviv against legislation that Prime Minister Benjamin Netanyahu ...

New Zealand’s Ardern Returns From Leave to Strong Poll Rating

LISTEN TO ARTICLE SHARE THIS ARTICLE Support for New Zealand Prime Minister Jacinda Ardern’s government remains strong despite a six-week absence after the birth of her daughter, a new poll shows. Ardern’s Labour Party had 42 percent support in a poll published by Television New Zealand on Sunday, down just one percentage point from the previous survey. With coalition partner New Zealand First on 5 percent and support party the Greens on 6 percent, the government remains comfortably ahead of the opposition National Party, which was unchanged on 45 percent, even though it is the largest-polling party. The world’s youngest female leader, Ardern, 38, went on maternity leave in June after the arrival of her first child, Neve. New Zealand First leader Winston Peters was Acting Prime Minister wh...

Europe’s Dark Past Makes a Comeback

SHARE THIS ARTICLE After shooting and wounding six Africans in the picturesque hilltop town of Macerata, Luca Traini draped himself in the Italian flag, gave a stiff-arm salute and waited for police. “Italy for the Italians!” he exclaimed. The incident involving the 28-year-old gunman with a neo-Nazi tattoo on his forehead dominated the final month of Italy’s election campaign locally. For all the outrage, Traini’s message resonated at the ballot box. In the vote on March 4, support for the anti-immigrant League surged massively in Macerata, helping to propel the party into government this month. “We’re famous for the wrong reasons,” said schoolteacher Maria Letizia Renzi, 56, as she walked her Labrador past the Fascist-era memorial to war victims where Traini gave himself up on Feb. 3. “I...

Saudis Dismiss Piracy Claim as Soccer Rights’ Spat Escalates

LISTEN TO ARTICLE SHARE THIS ARTICLE Saudi Arabia has strongly denied accusations it was behind a television service pirating multi-billion-dollar content, with a senior official saying that authorities have confiscated thousands of pieces of equipment being used to illegally watch premium soccer events like the World Cup. Saud al-Qahtani, a Saudi minister and a royal court adviser, said the nation’s football association has filed a complaint to FIFA, the world’s soccer governing body, detailing what he described as “transgressions against the kingdom and its leadership” by Qatar’s beIn Sports network. He called for an end to beIn Sports’ monopoly over the broadcasting rights for major competitions in the Middle East. “The ball is in the court of FIFA, international federations and organiz...

Women Mount Yes-We-Can Gender Campaign in Run-Up to EU Elections

There are more women in the European Union than men. But you wouldn’t know it from top jobs in the bloc’s business, politics or civil society. That’s what an activist group in Brussels wants to fix. With less than a year to go before EU legislative elections, Women Enablers Change Agent Network, or WECAN, on Tuesday plans to kick-start a campaign to push for women in top EU posts and on company boards. Women make up more than 51 percent of the EU’s population, and while there are advances, Europe has plenty more to do on gender equality, the group says. Its goal: to seek an irreversible breakthrough. Connie Hedegaard Photographer: Inga Kjer/Photothek via Getty Images “It’s about changing the mindset so that it’s a natural thing — whenever you have to make a decision about a position ...

California Agency Says Coffee Doesn’t Need a Cancer Warning

Starbucks Corp. and other coffee retailers are looking to get a reprieve in a legal battle over whether they need to post warnings in California that a cup of java contains chemicals known to cause cancer. The California Office of Environmental Health Hazard Assessment proposed Friday to exempt coffee from a state regulation that require businesses to warn consumers about carcinogens in their products. “OEHHA has determined that exposures to Proposition 65-listed chemicals in coffee that are produced as part of and inherent in the processes of roasting coffee beans and brewing coffee pose no significant risk of cancer,” the agency said. “The proposed regulation would clarify this determination.” Starbucks, Target Corp., 7-Eleven Inc. and Whole Foods Market are among dozens coffee makers an...

Trump Favors Little-Known Official to Be Next CFPB Chief

A little-known Office of Management and Budget official is President Donald Trump’s leading candidate to become permanent director of the Consumer Financial Protection Bureau, according to four people with knowledge of the matter. If approved by the Senate, Kathy Kraninger would succeed her boss, White House Budget Director Mick Mulvaney, who has been leading the bureau part time since November. The confirmation process could take months and Mulvaney has said he expects to be at the bureau until the end of the year. All About the CFPB, Washington’s New Flashpoint: QuickTake Q&A Kraninger, an associate director at OMB, previously worked for the Department of Homeland Security and the Senate Appropriations Committee. She would inherit an agency that has been roiled by a shift to Republic...

Park Strategies’ King, Arms Control’s Kimball on Trump-Kim Summit

11:00 Ira F Jersey Bloomberg Intelligence, Chief:US Interest Rate Strategist 11:00 Gina Martin Adams Bloomberg Intelligence, Chief Equity Strategist 11:10 Daniel Janis Manulife Asset Mgmt US LLC, Sr VP/Sr Mng Dir/Sr Portfolio Mgr 11:30 Jennifer Rie Bloomberg Intelligence, Senior Analyst:Litigation 11:30 Nabila Ahmed Bloomberg Editorial, Deals Reporter 12:00 David Donabedian Atlantic Trust Group Inc, Chief Investment Officer 12:00 Michael McKee Bloomberg Editorial, Economics Editor 12:15 Patrick Joseph Toomey “Pat” US Senate, Senator:Pennsylvania 12:20 Liam Denning Bloomberg Editorial, Bloomberg Opinion Columnist 12:30 Ravin Gandhi Corporate Director, CEO 12:40 Erik Gordon University of Michigan, Professor https://www.bloomberg.com/news/videos/2018-06-13/park-strategies-king-arm...

Trump Lands in Singapore to See If Gamble on Kim to Pay Off

President Donald Trump is about to see whether his bet on North Korea will pay off: that Kim Jong Un’s desire to end his country’s economic strangulation and pariah status will prevail over the dictator’s fear of relinquishing his nuclear threat. Trump and Kim have yet to agree even on how to define denuclearization of the Korean peninsula — the stated goal of the meeting. The president wants the complete, verifiable and irreversible dismantling of his nuclear weapons program. North Korea is seeking a security guarantee — possibly including a peace treaty formally ending the Korean War — and the removal of the U.S.’s nuclear umbrella protecting allies South Korea and Japan. Donald Trump disembarks from Air Force One at the Paya Lebar Air Base in Singapore, on June 10. Pho...

Man Detained By ICE After Delivering Pizza to Military Base in Brooklyn

New York (AP) — He went from delivering pizza to being detained by immigration officers. An Ecuadorean restaurant worker making a delivery to an Army garrison in Brooklyn wound up being detained June 1 after a routine background check at the gate revealed there was a warrant for his arrest for immigration law violations, officials said. Now, Pablo Villavicencio is in Immigration and Customs Enforcement custody pending removal from the country, ICE spokeswoman Rachael Yong Yow said. “Villavicencio-Calderon was detained by military police officers and turned over to ICE,” Yong Yow said. Villavicencio’s wife, Sandra Chica, said he went to deliver pizza to Fort Hamilton last week and was asked for identification by the guard who received him. Villavicencio, who worked a...

Billionaire Given Second Chance to Form Czech Government

President Milos Zeman gave the Czech Republic’s billionaire prime minister, Andrej Babis, a second shot at forming a majority-backed government on Wednesday, more than seven months after he won general elections. Babis is waiting for the Social Democrats, his former coalition allies, to decide whether they will join him in power again as other mainstream parties shun him because of an ongoing criminal probe. To muster a majority in parliament, Babis has also turned to the country’s Communists for tacit support, giving the anti-NATO party its biggest influence in politics since democracy was restored in 1989. Andrej Babis Photographer: Martin Divisek/Bloomberg Babis, who built his party’s popularity on vows to keep Muslim migrants out of the country and displace what he said were incompeten...

Sanchez’s Spanish Cabinet Sends Signal on Catalonia, Economy

Pedro Sanchez’s first cabinet appointments show Spain’s new prime minister seeking to assert his government’s identity and authority by naming Catalans and women with heavyweight credentials to key posts. He named European Commission Director General Nadia Calvino as economy minister and Carmen Calvo, a constitutional lawyer, as deputy prime minister. Meritxell Batet, a Catalan, will be in charge of the regional administrations ministry and Josep Borrell, a Catalan-born former President of the European Parliament, will be foreign minister. The appointments show Sanchez laying out his credentials to be credible on the economy — a strong suit for his predecessor Mariano Rajoy — and enforcing the rule of law in Catalonia. His choice of cabinet, which will contain at least eight wo...