Bloomberg Poland blocked a push endorsed by German Chancellor Angela Merkel for the European Union to end greenhouse gas emissions by 2050, setting a sour tone for a summit that ended with a failure to decide who’s going to lead the bloc’s key institutions. Before the gathering, Merkel allied with the heads of several mostly western EU states to support ...
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PG&E set to float $31bn bankruptcy restructuring plan
Bloomberg PG&E Corp. has been shopping a new plan that would see the bankrupt California utility em-erge from bankruptcy in March with a $14 billion fund established to address past wildfire claims and another $20 billion statewide fund for future fires. The proposal, the first one that PG&E has made, is expected to be filed in August, according to a ...
Read More »Two US coal giants sign joint venture deal as market wanes
Bloomberg The two biggest US coal miners are joining forces as the industry’s fortunes continue to wither. Arch Coal Inc. and Peabody Energy Corp. are combining mines in Wyoming and Colorado through a joint venture, the companies said in a statement. The move, which analysts said was long-expected, will create about $820 million in savings, the miners said. The deal ...
Read More »UnitedHealth wins approval to acquire DaVita medical unit
Bloomberg UnitedHealth Group Inc. won US antitrust approval for its $4.3 billion acquisition of DaVita Inc.’s physician practice group, letting the health conglomerate close a deal it struck 19 months ago to expand its business of taking care of patients directly. The Federal Trade Commission said that it had signed off on the tie-up after UnitedHealth agreed to sell assets ...
Read More »Michigan auto parts plant workers end strike
Bloomberg Workers at a major auto parts plant in Michigan are poised to return to work after a brief strike, alleviating the threat of a supply disruption for carmakers Ford Motor Co., Tesla Inc. and Fiat Chrysler Automobiles NV. The United Auto Workers called the strike after failing to reach a tentative contract agreement with Faurecia SA. A tentative deal ...
Read More »Trump leaves Iran, allies uneasy even after stopping airstrike
Bloomberg President Donald Trump said he called off retaliatory strikes on three Iranian sites following the downing of a US Navy drone because the action wouldn’t have been “proportionate.†“We were cocked & loaded to retaliate last night on 3 different sights when I asked, how many will die. 150 people, sir, was the answer from a General,†Trump tweeted. ...
Read More »Protests erupt in Caracas during UN rights chief’s visit
Bloomberg United Nations High Commissioner for Human Rights Michelle Bachelet called on the Venezuelan government to release political prisoners. “I call on the authorities to free all those who are detained for peacefully exercising their civil and political rights,†Bachelet said via webcast before departing Venezuela after a three-day visit. The UN will leave two officials in Caracas to provide ...
Read More »As Johnson aims for power, Tories plot against no-deal Brexit
Bloomberg In the coffee shops of Britain’s parliament, the political conversation has already turned to the question that will define the country’s immediate future: Can Boris Johnson be stopped from pursuing a no-deal Brexit? The options under discussion for Conservative politicians who want to avoid a no-deal split from the European Union are dramatic. They include quitting the party and ...
Read More »Malaysia calls for justice for Rohingyas
Bloomberg Malaysia’s Minister of Foreign Affairs Saifuddin bin Abdullah has called for justice to be brought to the perpetrators of the Rohingya crisis in Myanmar, the ministry wrote in a tweet. The social media post was sent during a regional summit in Bangkok. Southeast Asian leaders have faced pressure to take a tougher stance on Myanmar ahead of the annual ...
Read More »HK protesters disperse after police HQ blockade
Bloomberg Thousands of demonstrators who surrounded Hong Kong police headquarters dispersed peacefully after they had blocked all entrances to the building for 15 hours as part of ongoing protests over a proposed China-backed extradition bill. Protesters began converging on the police complex in the Wan Chai district after moving over from the nearby central government building, which Chief Executive Carrie ...
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