Latest News - #Michael Bloomberg

Germany urged to protect trade along the "Northern stream — 2"

The head of the Department for external economic relations of the Union of German industrial-Commerce chambers (DIHK) Volker Treier encouraged to use "comfortable for the WTO" tools of trade protection in relation to the "Nord stream 2" in the case against him will be involved in extraterritorial sanctions.

He stressed that "the concern of the German economy increases" in connection with the sanctions of an extraterritorial nature that was employed by Washington in recent years in a number of countries, particularly Iran, Cuba and other countries in Latin America. However, the business would not recommend "to join in a sanctions spiral", the EU has a "fierce tools" that can be "proven" in terms of possible tightening of sanctions, said Treier.

Media: a number of major companies suspended their advertising in Facebook

The Adidas company with its subsidiary Reebok, as well as the auto giant Ford and several other companies joined the boycott Facebook, halting advertising in its social networks, told television channel CNBC.

According to him, until the end of July to suspend advertising in Facebook and Instagram of Adidas and Reebok, which announced its intention to develop criteria that will make both themselves and their partners "responsible for creating and maintaining a safe environment". Ford in the next 30 days also will not post ads to assess their presence on platforms Facebook.

The American producer of shale oil Chesapeake declared bankruptcy

The company Chesapeake Energy, one of the pioneers of the shale industry in the US, filed for bankruptcy and asked for protection for debt restructuring, said in a release.

Previously, the Agency Bloomberg with reference to sources reported that Chesapeake Energy is preparing a statement about a potential bankruptcy in which control of the company can go to one of the main creditors. Before the media reported that the company plans to restructure debt amid falling prices for oil and gas, and even getting ready to start the bankruptcy procedure.

Media have estimated the damages to Zuckerberg because of the refusal of companies from advertising in Facebook

The head of Facebook mark Zuckerberg has lost about $ 7.2 billion due to the fact that a number of companies have decided to boycott the publication of advertising in social networking Corporation, reports Bloomberg.

Earlier, the national Association for the advancement of colored people (NAACP), the organization for the protection of civil rights, Color of Change, the human rights organization "anti-defamation League of the United States" (ADL) and other human rights activists urged the company to cease to advertise on Facebook in July, to protest due to the lack of regulation of such content. On Friday, the company North Face has announced that it will not post to Facebook advertising because "publications with hatred, violence and racism" in the social network. Later, one of the largest U.S. Telecom operator Verizon Communications Inc has joined the boycott, refusing advertising in Facebook and Instagram. A similar statement was made by the company Unilever.

Russian Ambassador to Germany spoke about the situation with the "Northern stream — 2"

The authorities of Germany and German business circles reject the logic of blackmail and threats from the United States because of the "Nord stream — 2", said in an interview with RIA Novosti Russian Ambassador to Germany Sergei Nechaev.

"The German government, the German business community strongly reject the logic of blackmail and threats, confirm the demand for the implementation of the "Nord stream — 2" as a commercial project, which required the German economy in the conditions of the refusal of coal and gas generation. We believe that this support will continue, and the gas pipeline will be commissioned, despite all the efforts of our detractors," said Nechayev.