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Customer Support Advertising Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Guests include Davide Serra, founder and chief executive officer at Algebris Investments, Jan Frykhammar, interim chief executive officer at Ericsson, Komal Sri-Kumar, president at Sri-Kumar Global Strategies, and Carnegie Mellon University Professor Marvin Goodfriend. (Source: Bloomberg) Most Recent Videos October 21, 2016 Italians Get Ready for Their Own Referendum 58:12 - Following Britains decision to withdraw from the European Union, Italy now presents a fresh challenge for Europe. The Mediterranean country is preparing a ballot that could topple its leader, should the voters defy Prime Minister Matteo Renzi over changes in size and power of the Senate. To capture the mood before the make-or-break referendum on Dec. 4, Bloomberg reporters traveled from the Alps down to the coast of Sicily. They stopped in four towns to talk to people before a vote that Renzi has made a de facto ballot on his leadership by promising to resign if he were to lose. October 21, 2016 Draghi's 'Did Not Discuss' Speaks Volumes to Markets October 21, 2016 Full Show: Bloomberg Daybreak: Americas (10/20) October 21, 2016
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Late on Thursday night, Pakistan's foreign ministry said it had declared an Indian diplomat, Surjeet Singh, persona non grata and given him 48 hours to leave the country. Police in the Indian capital said the Pakistani diplomat was detained on Wednesday outside the gates to Delhi Zoo, where he had met two Indian associates whom police believe he had recruited to spy for him. The Pakistani diplomat, who reportedly worked in Pakistan High Commission's visa section, and his alleged Indian accomplices were found with forged documents, defense-related maps, deployment charts and lists of officers working along India's border with Pakistan, Indian police said in a statement. "There was high probability that the information passed on by these anti-national elements to PIO (Pakistan intelligence operative) is being used against the national interests and could be highly detrimental for national security," they said, adding they had been trying to break the spy ring for six months. An Indian foreign ministry spokesman said the man, who was released from custody under diplomatic immunity rules, must leave the country by Saturday. Pakistan's High Commission in New Delhi rejected the allegations, saying in a statement it "never engages in any activity that is incompatible with its diplomatic status". Later on Thursday, Pakistan's foreign ministry announced it had declared Singh persona non grata and informed the Indian High Commission he had until Saturday to leave the country. The statement said Singh was accused of activities "that were in violation of the Vienna Convention and the established diplomatic norms" but did not elaborate. An aide to India's prime minister in New Delhi said the government was looking into the matter. India's external affair's ministry spokesman was not immediately available for comment. India and Pakistan have been at loggerheads since a group of gunmen killed 19 Indian soldiers in September at an army camp in Kashmir, an attack India blamed on Pakistan-based militants.
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Close share panel A group of major business lobby groups have written an open letter urging the government to preserve barrier free trade with Europe. The letter is signed by leaders of the CBI and manufacturers' body the EEF. It says the way in which the UK leaves the EU and on what terms is critical for jobs and investment in the UK. It says defaulting to trading by World Trade Organisation (WTO) rules would leave 90% of UK goods trade with the EU subject to new tariffs. The letter says that would mean 20% in extra costs for the UK's food and drink industry and 10% for car producers. These significant costs would affect British exporters and importers, as well as those in their supply chains, it adds. "We respect the result of the referendum, but the government must make sure that the terms of the deal to leave ensure stability, prosperity and improved living standards," the groups write. "Every credible study that has been conducted has shown that [the] WTO option would do serious and lasting damage to the UK economy and those of our trading partners." The letter calls for the government to "give certainty to business by immediately ruling this option out under any circumstances". 'Safeguard prosperity' It also suggests there is a wealth of evidence to suggest EU negotiations will not be completed within the Article 50 two-year timeframe. "Many areas of regulation now up for discussion are highly complicated... The government should therefore secure agreement of a transitional period, to ensure that businesses can continue to operate with no 'cliff edge' change to current circumstances until