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Maui fire is US’s deadliest in 105 years, with 89 killed

BLOOMBERG The death toll from fast-moving wildfires in Maui rose to 89 on Saturday, making them the deadliest in the US in more than 100 years. The number of fatalities, which previously stood at 80, is expected to climb further as authorities continue search and rescue efforts, Hawaii Governor Josh Green said at a press briefing. Just 3% of the ...

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Malaysia’s Anwar wins breathing space in polls

BLOOMBERG Malaysia’s ruling coalition held on to three of six states contested in provincial elections, providing Prime Minister Anwar Ibrahim with breathing space nine months into his mandate. The polls resulted in an even split between parties in Anwar’s unity government and his rival, the pro-Malay Perikatan Nasional, with each bloc winning the three states they controlled before the vote, ...

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UBS to accelerate Credit Suisse integration as $10bn loss protection agreement ends

BLOOMBERG Five months after being pulled into the rescue of Credit Suisse, UBS Group AG’s decision to break free of a government backstop is set to accelerate the historic takeover of its smaller rival. Switzerland’s biggest bank said it will voluntarily end a safety net negotiated as part of its purchase of Credit Suisse, including a 9 billion-franc ($10.3 billion) ...

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