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UK group starts legal bid to ensure PM follows law

Bloomberg A British human-rights group is bringing a legal challenge to ensure that Prime Minister Boris Johnson abides by a government bill after one of his ministers criticised the legislation that requires an extension to the Brexit deadline. Liberty has applied for a judicial review, though it said it would withdraw the application if the prime minister confirmed that he ...

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Failed Afghan talks bring out Trump foreign policy setbacks

Bloomberg Donald Trump took the presidency vowing to bring his deal-making savvy to American foreign policy, yet his love for grand gestures and personal diplomacy has fallen short with North Korea, China and the Mideast. Now Afghanistan can be added to the list. In a series of tweets, the president dispatched with a secret plan to host Taliban and Afghan ...

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Slew of anti-immigrant attacks spur security crackdown in South Africa

Bloomberg South African authorities are cracking down on the perpetrators of a series of xenophobic attacks that left at least 12 people dead, Police Minister Bheki Cele said. The police arrested 639 people so far, Cele told reporters in Johannesburg, the nation’s economic hub where unrest flared again a day earlier. He conceded there was “anti-foreign sentiment” within the country. ...

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South Sudan rebel chief brings ally for peace talks

Bloomberg South Sudan’s main rebel leader arrived in the capital, Juba, for talks about a peace deal that was signed last year but whose implementation has been slow. He was accompanied by one of neighbouring Sudan’s most powerful military men. The visit, only the second since rebel chief Riek Machar fled Juba on foot three years ago, is meant to ...

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Ready to resign once successor is found, says Nissan’s Saikawa

Bloomberg Nissan Motor Co Chief Executive Officer Hiroto Saikawa said he won’t resign for being at the centre of turmoil over excess compensation, but is ready to take responsibility for scandals involving former chairman Carlos Ghosn and will exit as soon as a successor is found. Following reports that he and other Nissan executives were paid more than they were ...

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China auto sales drop for 14th time in 15 months

Bloomberg Chinese auto sales fell for the 14th time in 15 months, extending what’s already been a historically prolonged slump in the world’s largest car market. Sales of sedans, sport utility vehicles, minivans and multipurpose vehicles in August fell 9.9 percent from a year earlier to 1.59 million units, the China Passenger Car Association said. Automakers reeling from the industry’s ...

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Yoga guru firm gets court nod to buy out India’s Ruchi Soya

Bloomberg India’s company court approved a bid by a group of firms controlled by yoga guru Baba Ramdev to take over cooking oil and soya-products maker Ruchi Soya Industries Ltd for 43.5 billion rupees ($606 million). Patanjali Consortium Adhigrahan Pvt — a venture by Patanjali Ayurved Ltd and three other companies — will merge with Ruchi Soya, according to a ...

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Hong Kong’s tourism drops 40%, most since SARS crisis

Bloomberg The ongoing protests in Hong Kong, now in their 15th week, have delivered a blow to the city’s tourism industry not seen since the 2003 SARS epidemic. Tourist arrivals in the city declined almost 40 percent in August from a year earlier, Financial Secretary Paul Chan wrote in a blog post. That’s the biggest year-on-year decrease in visitor numbers ...

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Investors in India rush to gold ETFs

Bloomberg Gold exchange-traded funds in India saw the highest inflows in more than six years as investors poured in money seeking safe havens amid record high domestic prices and a slowdown in the economy. Net inflows in August rose to $20 million, the highest since December 2012, according to data from the Association of Mutual Funds in India. It was ...

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UK’s Dalton Capital shuts Japan office

Bloomberg Dalton Capital Japan, a subsidiary of Dalton Strategic Partnership LLP, said it will shut its Tokyo office, citing Brexit and shrinking demand from European investors. “As we expect the business environment to toughen due to Brexit and given dwindling appetite in Japanese equities from European investors, operations will be consolidated with Dalton Strategic Partnership in London,” the asset manager ...

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