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SoftBank unveils $5.5 billion stock buyback plan with IPO proceeds

Bloomberg SoftBank Group Corp. is buying back as much as 600 billion yen ($5.5 billion) of stock, as founder Masayoshi Son steps up efforts to close the disparity between what he thinks the company is worth versus its market value. Proceeds from the 2.4 trillion yen initial public offering (IPO) of its telecommunications business in December will be used to ...

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Bangkok runs out of air purifiers as toxic smog envelops Thailand

Bloomberg Every time Bangkok fruit seller Veerachai Roopsuwanakul tries to buy an air purifier, he gets the same response: “Out of stock.” “We never imagined the air could get so bad,” said Veerachai, who now wears a face mask to filter out dust. “We can’t find a purifier in shops or online.” The Thai capital is grappling with a second ...

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Draft Green New Deal calls for jobs, omits fossil fuel ban

Bloomberg Guaranteed jobs, health care, and housing are in a draft of the Green New Deal environmental package set to be unveiled by Democrats this week, but the proposal doesn’t explicitly include the ban on fossil fuels called for by some supporters. Instead, the draft of the much anticipated resolution being crafted by Democrats Alexandria Ocasio-Cortez, a New York representative, ...

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