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May warns restive Tories she won’t back off her Brexit plan

Bloomberg Prime Minister Theresa May gave a steadfast defense of her plans for Britain’s departure from the European Union ahead of key talks this week, while admitting to feeling “irritated” at speculation building within her Conservative Party about a potential leadership challenge. European leaders gather in Salzburg, Austria, on Wednesday to try to advance Brexit negotiations, which have been stalled ...

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Brazil’s leftists vying to take on Bolsonaro in polarised election

Bloomberg While far-right frontrunner Jair Bolsonaro recovers from an assassination attempt, two leftist contenders are vying to become his biggest challenger in what’s shaping up to be a polarised runoff vote in October. Former Sao Paulo Mayor Fernando Haddad jumped 4 percentage points in the first Datafolha poll published since he officially replaced ex-President Luiz Inacio Lula da Silva as ...

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Macron fails to convince four-fifths of French

Bloomberg Fewer than one-in-five French people approve of Emmanuel Macron’s performance since he became president 16 months ago, according to a poll published on Sunday. The survey of 1,013 adults by Kantar Sofres-onepoint for RTL, LCI and Le Figaro showed that 60 percent have a negative view of his presidency so far, with 19 percent holding a positive opinion. The ...

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Italy’s Salvini, Asselborn spar over migration

Bloomberg Italian Interior Minister Matteo Salvini and Jean Asselborn, Luxembourg’s minister for foreign affairs, are locked in a bitter war of words about European migration. The feud started at a Vienna conference. Salvini posted a video on his Facebook page of an exchange with Asselborn, who interrupted the Italian’s speech with a profanity after Salvini likened African immigrants to slaves. ...

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S&P 500 bends as trade war spectre re-emerges

Bloomberg Markets can ignore Wall Street when they want to. They’ve largely disregarded warnings from equity strategists at some of the biggest banks. Goldman Sachs Group Inc. and JPMorgan Chase & Co. this week cautioned about the dire effect of a full-blown trade war — fears stoked by news that President Donald Trump had instructed aides to impose additional tariffs ...

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Pound ‘volatility’ over euro to persist on Brexit concerns

Bloomberg Buying protection over fluctuations in the pound will remain a relatively costly exercise as Brexit headlines gather momentum and central banks slowly tighten policy. Uncertainty over the endgame of Brexit talks — key disagreements still need to be addressed — and risks that euroskeptic Conservatives may challenge UK Prime Minister Theresa May’s leadership may support gamma demand for sterling. ...

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RWE fears lignite industry collapse in ‘hasty coal exit’

Bloomberg Chancellor Angela Merkel’s plan to phase out coal-fired power plants in Germany should stop short of “prematurely” closing brown coal facilities, or she risks the collapse of the nation’s mining industry as well as persistent blackouts, RWE AG said in a report. Shuttering coal plants may have a “domino” effect on mining, which is regulated by concessions that would ...

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Oil set for gain while uncertain outlook spurs volatility

Bloomberg Oil headed for a weekly gain as threats to supply in Iran and Venezuela overshadowed risks to demand, while an uncertain outlook heightened volatility. Futures in New York are on course for a 1.7 percent advance this week amid signs that looming US sanctions are taking a toll on Iranian crude exports. Volatility headed for the biggest weekly increase ...

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UK tourists died of illness triggered by E. Coli, says Egypt

Bloomberg A British couple vacationing at the Red Sea resort of Hurghada last month died of illness triggered by E. coli bacteria, Egypt’s prosecutor said, citing a forensic report. John and Susan Cooper died on August 21 while staying at the Steigenberger Aqua Magic hotel. The couple had been booked at the hotel through tour operator Thomas Cook Group Plc, ...

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Zamil Offshore, King Abdulaziz University sign cooperation pact

Dubai / Emirates business Under the patronage of HE Prof Abdulrahman Obaid AI-Youbi, an agreement was signed between King Abudlaziz University and Zamil Offshore. The agreement was signed by the Dean of the Faculty of Maritime Studies Dr. Hattan Timraz and Mr. Mazen S Al Harbi Chief of Human Resources of Zamil Offshore. The cooperation agreement signed between the two ...

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