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Nigeria’s Buhari vows to end insurgency as he seeks second term

Bloomberg Nigerian President Muhammadu Buhari promised to end a deadly insurgency by Boko Haram militants, renewing a pledge he made ahead of his 2015 election as he seeks a second term. “There has been a steady improvement in the security situation in the northeast,” Buhari said Monday in a TV broadcast marking Nigeria’s 58th anniversary of independence from British rule. ...

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Abe loses Okinawa poll over US base

Bloomberg An opponent of the construction of a new US Marine base on the southern Japanese island of Okinawa won election as governor, beating a candidate backed by Japanese Prime Minister Shinzo Abe’s ruling coalition. Denny Tamaki—the son of a US serviceman and a Japanese mother—claimed victory over Atsushi Sakima in the closely watched race. Tamaki opposes a government plan ...

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Protesters target rail, roads on Catalan vote anniversary

Bloomberg Separatist campaigners targeted Catalonia’s transportation networks in protests held to mark the anniversary of an illegal independence referendum held a year ago. Protesters blocked the AP-7 highway at Vandellos, a town 140 kilometers (87 miles) south of the regional capital Barcelona, the Catalan Traffic Service said on its Twitter account Monday. The high speed train service from Figueres to ...

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Brexit: May faces Tory fire as Hammond blasts Boris Johnson

Bloomberg Prime Minister Theresa May faces the battle of her political life to retain control of the governing Conservative Party as top Tory politicians undermined her leadership. After arch rival Boris Johnson went for the jugular, Chancellor Philip Hammond swept in to defend her in an increasingly chaotic political scene. May arrived at her party’s annual conference in Birmingham needing ...

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Singapore home prices rise despite curbs

Bloomberg Singapore private home prices are still inching higher —albeit at the slowest pace in five quarters — even after the government imposed additional property curbs to avoid the risk of a sharp correction that could be destabilising to the city-state’s economy. An index tracking private residential prices increased 0.5 percent in the three months ended September 30 compared to ...

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Nafta deal could be a relief for Canada exports of Toyota, Honda

Bloomberg The US and Canada’s trade deal could spell relief for car manufacturers thousands of miles across the ocean. Toyota Motor Corp. and Honda Motor Co. are among the automakers that would have the most to lose by any additional tariffs, as the Japanese giants build vehicles in Canada for the US market. Those include the RAV4, Toyota’s best-selling sport ...

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China prepares unprecedented online tourism regulation

Bloomberg China has drafted sweeping regulations targeting online travel agencies and platforms based in the country after a deadly boating accident involving Chinese tourists in Thailand fueled claims of lax oversight, according to a person familiar with the matter. The regulation by China’s Ministry of Culture and Tourism would mandate that online travel providers improve rescue and emergency plans, better ...

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GE’s $500bn market ‘loss’ is like erasing Facebook

Bloomberg On August 28, 2000, Apple’s hottest product was a candy-coloured computer, Donald Trump was a New York real estate mogul and General Electric was worth some $600 billion. Apple and Trump have gone on to greater things. GE? It’s on the verge of a staggering milestone: a half-trillion dollars in market value wiped out since that all-time high 18 ...

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Tesla shares rise as SEC lets Musk stay in CEO role

Bloomberg Tesla Inc. jumped in pre-market trading after founder Elon Musk settled a lawsuit brought by regulators over his August tweet storm, reassuring investors he’ll still be calling the shots at the electric-car maker struggling to meet production goals. Under the agreement with the US Securities and Exchange Commission, Musk and the company each will pay a $20 million penalty, ...

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