Bloomberg The United Nations International Court of Justice granted Kenya’s request to postpone a hearing of a territorial dispute with Somalia, less than a week before it was scheduled to begin. The hearing will now start on November 4. Kenya had requested that it be delayed for a year as it recruits a new defense team. The neighbours claim ownership …

Bloomberg Home prices in Australia’s mining towns are leading the recovery in the property market, accounting for nine out of the 10 suburbs with the strongest growth in median prices. The gains were led by a suburb close to the home to one of the world’s largest lead smelters, as well as a once-struggling steel city, as record-low interest rates …

Bloomberg Nobody knew it then, but this time last year, the rallying US stock market was about to begin a plunge that would erase $5 trillion from share values and convince a lot of people a recession was at hand. Then, as now, a trade war was raging, earnings in doubt and manufacturing losing steam. In the stock market, swings …

Bloomberg Stablecoins, a fast-growing subset of cryptocurrencies designed to avoid the large fluctuations of Bitcoin and Ether, could fail to function properly in periods of stress, according to JPMorgan Chase & Co. While the total value of all stablecoins is less than $5 billion, the low-volatility tokens are poised for rapid growth, and none more so than the Libra coin …

Bloomberg Aviation executives are increasingly worried that a widening split between regulators in the US and Europe will extend the grounding of Boeing Co’s 737 Max, sowing confusion and fear as officials work to approve the resumption of commercial flights after two deadly crashes. Sounding the alarm over the increasingly tenuous alliance were Aengus Kelly, who heads the largest global …

Bloomberg The ground staff of Air France-KLM’s Dutch arm cancelled their plan to strike work on Sunday at Amsterdam’s Schiphol Airport, one of Europe’s busiest travel hubs, after KLM indicated willingness to redress their grievances, FNV union said in a statement on its website. “KLM has until the end of next week to come to an agreement on the most …

Bloomberg Walmart Inc’s new policy discouraging patrons from openly carrying guns will rely heavily on signage and won’t require employees to confront every person carrying a firearm, according to a person familiar with the matter. The nuanced approach is designed to let people who are armed go about their business in a Walmart store, as long as they’re not making …

Bloomberg Lululemon Athletica Inc shares rose as much as 6.7 percent to a record high after again issuing a beat and raise quarterly report. “Lulu continued to show that it is in a league of its own,” Telsey Advisory’s Dana Telsey wrote. The retailer surprised the Street with a 500-basis point total comparable sales beat, even better than the 460-basis …

Bloomberg Julio Gomez has flown the MD-80 for his entire 20-year career at American Airlines. But he can’t bring himself to make that final trip into the New Mexico desert. “I just cannot take that airplane to its grave,” Gomez, 52, said of the iconic jets’ retirement flights. “It’s just too heartbreaking.” The retirements mark the end of an era …

Bloomberg Federal Reserve Chairman Jerome Powell pushed back against perceptions that the US economy was tilting into a recession, while leaving the door open to further interest-rate cuts to keep the country’s record economic expansion on track. Speaking in Zurich, Powell said consumer spending and support from monetary policy should help deliver economic growth between 2 percent and 2.5 percent …