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China stirs up patriotism by sending tourists to Mao’s old haunts

Bloomberg Dressed in a red guard uniform, Gao Hongli and a group of fellow kindergarten principals are laughing and whooping like they’re on a Marxist hen night. They’ve travelled to Jinggang Mountain in Jiangxi province as part of a 100-strong delegation of preschool heads to learn how members of the Communist Party’s first rural “soviet base” lived in the late ...

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‘Rain’ helps lower Indonesia hotspots

Bloomberg Artificial rain created to deal with Indonesia’s massive wildfires has helped significantly lower the number of hotspots across the archipelago, authorities said. The number was down to 136, compared with 1,374 last week, according to the country’s Environment and Forestry Ministry. Since last week, Indonesian agencies have scattered more than 200,000 kilograms of salt for cloud seeding and 317 ...

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Court foils Trump’s removal of migrants

Bloomberg The White House denounced a federal judge’s decision to halt President Donald Trump’s administration from expediting deportations of people who entered the US illegally. “Once again, a single district judge has suspended application of Federal law nationwide — removing whole classes of illegal aliens from legal accountability,” the White House said in a statement. US District Judge Ketanji Brown ...

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Ivory Coast leader wants ‘next gen’ to take over

Bloomberg Ivory Coast President Alassane Ouattara is in favor of “handing over to the new generation” in next year’s presidential polls, but did not rule out running in the election. The 78-year-old, who has just over a year left of his second term in office, was addressing reporters in his hometown of Dimbokro after a four-day visit to the surrounding ...

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HK clashes intensify with petrol bombs, fires

Bloomberg Hong Kong police used a water cannon, rubber bullets and tear gas on protesters who set a train station entrance on fire and hurled petrol bombs as they tried to march on the government offices in the city center. Demonstrators marched without permission on Sunday after an approved rally the day before. Chief Executive Carrie Lam took responsibility for ...

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Macri promises to turn around presidential race

Bloomberg Chanting “Yes, we can!” along with thousands of supporters, Argentine President Mauricio Macri pledged to lift salaries and economic growth as he began a final bid to come back in the polls ahead of a presidential vote next month where his chances of victory have been largely written off. “This election can be turned around,” Macri told the crowd ...

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Boris Johnson says won’t quit if exit day is delayed

Bloomberg UK Prime Minister Boris Johnson suggested he won’t quit if he fails in his defining mission to deliver Brexit by the end of October. In an interview with the BBC, he refused to back down over his use of military terms to describe the opposition to his Brexit strategy, while facing questions over his alleged links to a businesswoman ...

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Credit Suisse saga exposes banker-surveillance state

Bloomberg The scene: a street in Zurich. The mark: a wealthy Swiss banker. His pursuers: hired goons looking for intel. It sounds like something ripped from John Le Carre. In fact, it’s real-life — and not all that unusual in the world of high finance. News that Credit Suisse Group AG had hired private investigators to tail a star banker ...

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Bad loans prompt India to sanction bank that’s seeking merger

Bloomberg India’s central bank placed lending restrictions on Lakshmi Vilas Bank Ltd, adding to the company’s troubles after its chief executive officer abruptly quit last month and police registered a case of alleged fraud. Lakshmi Vilas Bank, which is seeking a merger with financier Indiabulls Housing Finance Ltd to reduce its delinquent debt, was informed it would be brought under ...

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