Detroit-based General Motors emergedfrom two days of Democratic debates in its hometown largely unscathed as 2020 White House hopefuls largely passed up an opportunity to criticize it for significant job cuts in recent months. It had been bracing for searing attacks when Democrats descended on Detroit for the second round of debates on Tuesday and Wednesday. GM even sent out fact sheets to reporters touting the company’s U.S. employment and its $23 billion in investments in U.S. facilities since 2009.
Egypt’s president tightens his grip:In interviews, lawmakers, security sources and people with links to Egyptian intelligence described how President Abdel Fatah al-Sisi’s supporters rewrote key passages of the constitution to give the president and the military greater power, then pushed the changes through a pliant parliament and the public vote. Read the full special report investigation.
Britain’s London Stock Exchange has agreed to buy financial information provider Refinitiv in a $27 billion deal aimed at offering trading across regions and currencies and positioning the company as a competitor to Bloomberg. Some trading and investment firms are calling for competition regulators to scrutinize LSE’s proposed takeover of Refinitiv to prevent further market data price hikes. A deal that has its origins in May 2013, amid the crocuses, champagne and corporate hobnobbing of London's Chelsea Flower Show.
BMW stuck to its outlook even as second-quarter earnings fell 20%, hit by currency headwinds and the rising cost of manufacturing electric and hybrid cars to help the carmaker meet stricter emissions limits.
South Korean chipmakers are hitting a dead end in their quest to find alternatives for key Japanese materials that have been slapped with export restrictions, raising the prospect of major disruption to their operations in the coming months.
