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Typhoon damage may shut Kansai Airport for a week

Bloomberg Regions around Osaka, Japan’s second biggest population centre, struggled to recover from damage left by Typhoon Jebi, which left 10 people dead, hundreds of thousands of buildings without power and the area’s main airport closed. Kansai International Airport, a key transport and cargo hub that lies on an artificial island in Osaka Bay almost directly in the typhoon’s path, ...

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Ford focusses on Mustang as ‘cars’ fade from showrooms

Bloomberg Ford Motor Co. has stopped running national ads for the Fusion and Focus sedans it’s killing and put more marketing muscle behind the Mustang, a decision that paid off with a 35 percent sales jump for the pony car last month. “Those are the kind of things you’re able to do when you narrow the focus of your lineup,” ...

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Bayer CEO has ‘no regrets’ for $63bn Monsanto purchase

Bloomberg Bayer AG’s $63 billion Monsanto purchase has suffered regulatory delays, mounting legal claims and now will yield lower earnings for the year than earlier forecast. Still, the company’s CEO says he has “no regrets.” The German company lost out on revenue from Monsanto’s busy spring season, when farmers in the Northern Hemisphere plant the bulk of their crops, because ...

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JM Holding weighs options including sale

Bloomberg JM Holding GmbH, a German family-owned investment vehicle, is exploring options including a partial sale of the business that controls two plastics companies, according to people with knowledge of the matter. A sale of about half of the firm, which is under consideration by some of the owners, would give buyers an equal proportion of two closely held German ...

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Germany, UK to drop key Brexit ask, easing path to deal

Bloomberg The British and German governments have abandoned key Brexit demands, potentially easing the path for the UK to strike a deal with the European Union, people familiar with the matter said. The pound rose. Germany is ready to accept a less detailed agreement on the UK’s future economic and trade ties with the EU in a bid to get ...

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Asia summits: Trump will do no harm by skipping

Donald Trump’s absence from Asia-Pacific summits will do little harm to America’s long-term standing in the region. It might even help. The president’s decision to skip two international meetings in November was predictably seen as evidence of American neglect of a vital region, underscoring the unilateralist instincts of Trump. The complaints are fair. But let’s not mistake pageantry for trends ...

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Risk of a vicious Funding Circle in fintech

There are fintechs, and then there are fintechs. Cheerleaders point to payments startups like Jack Dorsey’s Square Inc., whose stock has soared 242 percent in a year, as evidence of a Silicon-Valley-style revolution in the making. But there are sob stories, too: loan platforms LendingClub Corp. and On Deck Capital Inc. are still trading well below their IPO prices. Promises ...

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Coca-Cola pays $5.1bn for UK’s Costa Coffee

Coca-Cola Co.’s thirst for an alternative to sugary drinks has proved a boon for Whitbread CEO Alison Brittain. She announced the sale of the Costa Coffee chain to the US beverage giant for 3.9 billion pounds ($5.1 billion). Brittain has been able to capitalise on the fact that coffee is piping hot right now: In May, Nestle SA paid $7.15 ...

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China is outgrowing ‘factory of the world’ tag

President Donald Trump talked tough against Mexico, and then essentially agreed to renew the existing trade deal and called that a victory. If only the China spat could end the same way. It won’t. That’s because the gulf between Beijing and Washington is not just caused by recent rhetoric and tariffs. It also goes beyond national security concerns. The inevitable ...

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Imagine if shareholders didn’t come first at all

US Senator Elizabeth Warren has proposed a bill — the Accountable Capitalism Act — that would require large companies to create corporate charters that take account of the interests of workers, customers and communities in addition to shareholders. To enforce this dictum, it would give each company’s employees the power to elect 40 percent of the corporate directors. Right now, ...

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