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Kansai to reveal details of payoff scandal

Bloomberg Kansai Electric Power Co is set to disclose more details of a nuclear payoff scandal as investor scrutiny intensifies and the government orders an independent investigation. The utility plans to identify the 20 company officials who accepted gifts, including details about the cash and goods they received, at a press conference at 2 pm in Osaka, according to Kyodo ...

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Citing smog, Hanoi warns people to avoid outdoors

Bloomberg A blanket of smog covering Vietnam’s capital of Hanoi is causing officials to warn residents to avoid going outside and wear protective masks. Hanoi was listed as having the worst air globally for pollution in major cities at 2 pm local time, data from monitoring firm Impair Air Visual showed. The Vietnam Environment Administration attributed the increase in smog ...

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Indian Motorcycles taps into roots with Japan relaunch

Bloomberg A century ago, Indian Motorcycles were the brand of choice for Japan’s police. They were called “aka-bai” — or red bikes — because of their color. Now, the maker of big American two-wheelers is seeking to recapture some of that glory with a brand relaunch. Recreational vehicle maker Polaris Inc, which makes and sells Indian bikes, is betting that ...

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Japan curbing export of vital chipmaking material, says S Korea

Bloomberg Japan is delaying export approval of a material vital to South Korea’s semiconductor manufacturing industry, Korea’s trade ministry said in a statement, as the trade fight between the neighboring countries shows no signs of abating. The trade ministry issued a statement saying Japan has not approved the export of liquid hydrogen fluoride — a highly purified chemical used to ...

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Amazon, Facebook, Google to face another House inquiry

Bloomberg Big tech firms are about to face yet another congressional headache. House Small Business Committee Chairwoman Nydia Velazquez plans to invite Amazon.com Inc, Alphabet Inc’s Google and Facebook Inc to face questions from her committee on how the companies may be damaging the competitive landscape for small businesses. The hearing, which the committee hopes to hold in late October ...

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UK’s Greggs devises recipes for possible Brexit food shortage

Bloomberg Greggs PLC has defied the decline of the UK’s retail districts with a popular range of cheap pastry products. Now it’s facing a new threat from a possible no-deal Brexit. The largest bakery chain in the UK is preparing to alter its recipes if its supply of perishable ingredients such as lettuce and tomatoes is delayed by a disorderly ...

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Airbnb is planning for direct listing instead of traditional IPO

Bloomberg Airbnb Inc’s long-awaited Wall Street debut is officially earmarked for 2020, but the home-share startup is charting an unconventional path to the public markets. San Francisco-based Airbnb is laying the groundwork for a direct listing rather than an initial public offering, according to people familiar with the matter who asked not to be named discussing private information. Airbnb declined ...

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Online users must consent to cookies: EU

Bloomberg European Union rules require people to actively choose to allow companies to install tracking cookies, judges said in another key ruling on privacy from the EU’s top court. The EU Court of Justice said in a judgment that the placement of cookies requires the active consent of internet users and that “a box checked by default is therefore insufficient.” ...

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Nissan mulls moving UK SUV production overseas on Brexit

Bloomberg Nissan Motor Co will consider moving production of its SUVs outside the UK if the country leaves the European Union without a deal, people familiar with the matter said. Manufacturing of the Qashqai SUV could be moved to Spain, while the compact Juke may move to another overseas plant, said the people, who asked not to be identified as ...

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UAE affirms support for UN chief, special envoy for Yemen

GENEVA / WAM The UAE affirmed its support for the efforts of the UN Secretary-General and UN Special Envoy for Yemen to encourage conflicting Yemeni parties to implement all relevant Security Council resolutions, particularly Resolution 2216/2015, without conditions. The UAE’s statement was delivered by Ambassador Obaid Salem Al Zaabi, UAE Permanent Representative to the UN and Other International Organisations in ...

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