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‘Singapore sees one of the highest occurrences of lightning activity’

Bloomberg Singapore’s beleaguered rail system can’t catch a break. Days after a software glitch caused a train collision that injured more than 30 people, lightning struck a train on the same line. Literally. A mass rapid transit train on the East-West Line was struck by lightning on Monday afternoon, causing delays in journey times, The Straits Times reported. The lightning ...

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Brexit may shock UK firms in ‘productivity’

Bloomberg Britain’s productivity malaise may find a solution from the unlikeliest of places—Brexit. Poor productivity has long been the bane of the UK, with output per worker far below the Group-of-Seven average and successive predictions for a recovery since the financial crisis failing to materialise. Still, according to UBS Wealth Management economist Dean Turner, Britain’s exit from the European Union ...

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Qualcomm investors want at least $10 more per share from Broadcom

Bloomberg Qualcomm Inc. investors want at least $10 more than the $70-a-share Broadcom Ltd. is offering. If history is any guide, they might get partway there. “We would be very interested in evaluating an offer that begins with an 8,” said Daniel O’Keefe, a fund manager of the $3.1 billion Artisan Global Value Fund, which owns Qualcomm stock. The board ...

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