Brexit, DUP, Venezuela, Deutsche Bank, Lamborghini, Ford

Caracal Business Insider | Daily
December 5, 2017
Curation and commentary from Marc A. Ross

Caracal Business Insider = Global Business News at the Intersection of Politics + Policy + Profits

Reporting from Alexandria, Virginia

GEOECONOMICS

FT: Pound falls on breakdown in Brexit talks

Theresa May fights to rescue deal after DUP backlash over Irish border plan

LAT: Britain hoped to initial a 'Brexit' deal, but an old controversy — the border in Ireland — forced a setback

May fights to save Brexit deal after DUP veto: The Times reports, Theresa May was warned last night that she has four days to salvage a Brexit deal or risk delays after the Democratic Unionist Party vetoed it at the eleventh hour.

Britain and EU fail to strike divorce deal: AFP reports, Britain and the EU failed to strike a Brexit divorce deal during talks in Brussels on Monday but said they were "confident" of reaching an accord later this week.

Sturgeon calls for special status, too: The Times reports, Nicola Sturgeon will demand a special Brexit deal for Scotland in line with any plan to solve the Irish border issue that would mean Northern Ireland keeping closer ties to the single market.

AFP: Spain drops international arrest warrant for Puigdemont

Nikkei: Venezuela crisis lets China and Russia maneuver in US backyard

Russia registers 9 US media outlets as 'foreign agents': AFP reports, the Russian justice ministry posted a statement saying that US-funded Voice of America and Radio Free Europe/ Radio Liberty and seven of their media affiliates have been recognized as "carrying out the functions of a foreign agent."

Reuters: South Korea, US kick off large-scale air exercise amid North Korean warnings

AMERICAN POLITICS

NYT: Trump backs Moore, and RNC restores its financial support

Republicans appear increasingly confident that Moore will win the special election next week. This is correct. Moore will win and chaos will ensue.

Mueller points to Russia link in Manafort hearing: FT reports, the first assertion by investigators of possible ties between Trump campaign and Kremlin.

Bloomberg: Mueller subpoenas Trump Deutsche Bank records

Reuters: In slap at Romney, Trump says he wants Hatch to run for re-election

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ENTERPRISE

Cineworld has agreed to buy Regal for $3.6 billion.

Lamborghini unveils the $200,000 Urus SUV.

Ford in the Middle Kingdom: Ford is rebooting in China, announcing plans to launch 50 new vehicles there, including 15 electrics, by 2025.

FT: Starbucks makes super-sized China bet as it looks beyond US

The new 30,000 square foot ‘super premium’ roastery is bid to maintain upscale reputation - the store would fit on half of a soccer pitch.

China could become Starbucks’ biggest market within a decade, says executive chairman Howard Schultz.

Starbucks has reached 130 cities in China where it operates about 3,000 stores.

Google missed out on China. Can it flourish in India?: NYT reports, as major companies chase India’s new internet users, Google is changing core products to work better on low-end smartphones and use less data. https://goo.gl/P6mi3G

Facebook introduced an app for children ages 13 and younger.

@BW: These are the best books of 2017 https://bloom.bg/2jRS4Rf 

Goldman Sachs to beef up Polish operations - the bank plans to hire about 250 new staff in Warsaw.

Bloomberg: Neiman Marcus CEO says affluent shoppers in ‘very good shape’

Drive and shop: GM said it will equip newer cars with in-dash e-commerce technology. The idea is to help drivers order food, find fuel or reserve hotel rooms by tapping icons on the dashboard screen, instead of using smartphones while driving.

CULTURE

Robin Wright will appear in the lead role of the sixth and final season of “House of Cards.”

RIP John Anderson: The former Republican congressman, left his party to run as a plain-spoken independent candidate for president in 1980.

PBS will offer Christiane Amanpour's CNN show to temporarily replace Charlie Rose.

SPORT

US soccer: Sunil Gulati will not run for a fourth term as US Soccer president.