Bloomberg On a steamy summer morning, dozens of buses pull up outside a cluster of low-slung, blue buildings in the south Indian state of Andhra Pradesh. Women dressed in colourful salwar kameezes disembark, their dupatta body scarves billowing as they make their way past hibiscus bushes and posters proclaiming, “Our aim, no accident.†The night shift at Foxconn Technology Group’s ...
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Netanyahu vows to annex all West Bank settlements
Bloomberg Embattled Israeli Prime Minister Benjamin Netanyahu, running in an election that could be the fight of his political life, said he hopes to annex all Jewish West Bank settlements. Israel will build more settlements and won’t uproot settlers, Netanyahu said in a speech in the West Bank settlement of Elkana. “With God’s help, we will extend Jewish sovereignty to ...
Read More »US at ‘threshold’ of deal with Taliban amid attack
Bloomberg The US said it’s at the “threshold†of a deal with the Taliban after the latest round of talks ended, even amid reports that the group attacked another Afghan city on Sunday. US Special Representative for Afghanistan Reconciliation Zalmay Khalilzad said he’ll be travelling to Kabul for consultations after discussions with the Taliban. The withdrawal of American and NATO ...
Read More »Iran sends special envoy to Paris for ‘N-deal’ talks
Bloomberg Efforts by France and Iran to salvage the nuclear deal are gaining momentum as Tehran sends its special envoy back to Paris while signalling it could be edging closer to a plan to restore some of its oil exports. On Monday President Hassan Rouhani’s special representative and deputy foreign minister, Abbas Araghchi, will head an economic delegation on his ...
Read More »HK protests disrupt airport transport
Bloomberg Hong Kong protesters caused major disruptions to the city’s international airport on Sunday, massing outside the building in attempt to paralyse transport to and from the facility. MTR Corp, operator of the city’s rail system, cancelled express trains to the airport, while demonstrators blocked buses from leaving the airport terminal. Protesters vandalised turnstiles at some of stations and sprayed ...
Read More »Anti-Putin opposition holds peaceful protest in Moscow
Bloomberg Hundreds of Russians marched through the streets of Moscow in what appeared to be the most peaceful unauthorised rally in a summer of demonstrations against President Vladimir Putin. The Interior ministry, which usually understates the scope of protest activities, put the number of march participants at 750 people, according to Interfax. No detentions were reported, but there was a ...
Read More »Germany seeks Poland forgiveness 80 years after WWII start
Bloomberg Germany made an emotional appeal for forgiveness to neighbouring Poland 80 years after the start of World War II that was met by a renewed demand for reparations by the fellow European Union member’s prime minister. German President Frank-Walter Steinmeier, visiting the town of Wielun, Poland, where Nazi bombers caused the first large-scale civilian casualties of the conflict in ...
Read More »Have we really lost our economic dynamism?
On this Labour Day, the American economy — the source of jobs for almost all of us — is full of promise and peril. It is hard not to be impressed with its job-creation capacity. Since the low point of the 2007-09 Great Recession, payroll employment has increased by 21.7 million jobs, with strong growth under both President Obama and ...
Read More »Sweden should issue green bonds
Sweden is considering selling 100-year bonds to take advantage of the unprecedented decline in global yields. With almost half of the nation’s debt already owned by the central bank, though, there’s skepticism about how much demand the debt office can drum up in what is an already illiquid market. So the country should accelerate plans to issue its first green ...
Read More »Sony’s Olympus sale is boon for activist investors in Japan
Dan Loeb’s team is unlikely to be celebrating over Sony’s decision to sell its stake in Olympus Corp. Investors in Japan have reason to put a few crates of bubbly on ice, though. The sale was a mere side note on the laundry list of changes that Loeb’s Third Point LLC asked for at Sony, in an eight-page letter published ...
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