Bloomberg Saudi Arabia brokered a new peace agreement between Ethiopia and Eritrea aimed at stabilising the Horn of Africa region, Foreign Minister Adel Al-Jubeir said. Ethiopian Prime Minister Abiy Ahmed and Eritrean President Isaias Afwerki signed the so-called Jeddah Peace Accord on Sunday in the presence of King Salman bin Abdulaziz and United Nations Secretary-General Antonio Guterres. It’s the second ...

Bloomberg US stocks started the week lower, while Asian equities slumped and European shares gained, as investors grappled with the latest American threats to expand tariffs on Chinese goods. The dollar slipped and emerging-market currencies declined. The S&P 500 Index was pulled down on Monday by technology companies including Amazon.com Inc., Apple Inc. and Microsoft Corp. Semiconductor stocks also slumped, ...

Bloomberg China’s benchmark equity gauge fell to its lowest close since 2014, before the market’s boom and subsequent bust, while Hong Kong stocks also declined as the US trade dispute and a severe typhoon hurt sentiment. The Shanghai Composite Index fell 1.1 percent to 2,651.79 points, passing its 2016 post-crash low of 2,655.66. The gauge is one of the worst ...

Bloomberg The cost of delivering world trade is about to go up. A.P. Moller-Maersk A/S, the world’s largest container shipping line, said that customers using its giant box ships will have to pay separately for fuel from 2020, when prices are expected to surge because of tougher environmental standards. The regulations are designed to cut down emissions of sulfur, a ...

Bloomberg Saudi Arabia’s sovereign wealth fund raised an $11 billion loan, marking its first-ever borrowing. The loan was larger than initially planned due to strong interest from banks and establishes a core banking group for the Public Investment Fund to work with on future deals, the fund said. “This is the first step in incorporating loans and debt instruments into ...

Bloomberg New Jersey is taking a step closer to erecting wind turbines off the coast of some of its most storied beaches. State regulators are about to consider Governor Phil Murphy’s proposed solicitation for 1.1 gigawatts of offshore-wind farms. The process was expected to begin on September 17, subject to approval by the state’s Board of Public Utilities, Murphy said ...

Bloomberg More than half of South Africa’s core coal plants are running low on fuel, with at least four holding less than 10 days of supply, and the country’s power utility plans on trucking and railing emergency stocks as far as 400 kilometres (249 miles). State-owned Eskom Holdings SOC Ltd. has 15 around-the-clock baseload coal stations throughout the nation, nine ...

Bloomberg KKR & Co. agreed to sell Singapore hard-drive component maker MMI Holdings Ltd. for about $645 million including debt, people with knowledge of the matter said, exiting the oldest Asian investment listed in its portfolio. KKR signed a deal to sell MMI, which it has owned for 11 years, to a Chinese buyout group led by an affiliate of ...

Bloomberg Dalian Wanda Group Co., the Chinese firm controlled by Wang Jianlin, is scaling back its bet on AMC Entertainment Holdings Inc. as part of a push by the billionaire to shore up finances. The largest US movie-theatre chain will receive a $600 million investment from private equity firm Silver Lake, letting it buy back stock owned by Wanda and ...

Bloomberg The cleanup from Typhoon Mangkhut began in Hong Kong and southern China on Monday after the storm left at least four dead in Guangdong province, damaged buildings and disrupted flights throughout the region. Mangkhut, the world’s most powerful storm this year, was blamed for more than 200 million yuan ($29.1 million) of damage in the southern province of Guangdong, ...