Bloomberg North Korea faces a sharp cut in coal exports under a United Nations Security Council resolution that’s aimed at punishing Kim Jong Un’s regime for a September nuclear test by cutting off his government’s few sources of hard currency. The resolution, a copy of which was obtained by Bloomberg News, would deny Pyongyang at least $700 million a ...

  Brussels / AFP The EU unveiled ambitious plans on Wednesday to boost joint defence spending including on shared assets like drones and helicopters, as concerns grow that President-elect Donald Trump may downgrade the US security commitment. Trump shocked longtime NATO allies in Europe when he suggested on the campaign trail be would think twice about coming to their aid ...

  New York / AFP Workers from fast-food chains, airports and other service industries rallied in US cities as part of a nationwide day of disruption to demand union rights and a minimum wage of $15 an hour. In New York, a group of 500 that included airport and taxi workers joined a union-backed “Fight For 15” march in front ...

  Ottawa / AFP Canada approved two new pipelines including one to the Pacific coast that will allow producers to sell into new Asian markets, while rejecting a third project. Prime Minister Justin Trudeau told a press conference his government has agreed to tripling the capacity of Kinder Morgan’s half-century-old Trans Mountain pipeline to move crude from the Alberta oil ...

Bloomberg London Mayor Sadiq Khan pledged to stop buying double-decker buses that run purely on diesel from 2018, as part of his drive to clean up the capital’s toxic air. In addition, all new single-deck buses will be zero-emission, Khan’s office said in an e-mailed statement on Wednesday. The mayor also unveiled the world’s first double-deck hydrogen-fueled bus, manufactured by ...

  Bloomberg Personal spending increased at a more moderate pace in October after the biggest gain in five months, while faster income growth signaled demand will be sustained. Purchases rose 0.3 percent after a 0.7 percent September advance that was stronger than first estimated, Commerce Department figures showed on Wednesday. The median forecast in a Bloomberg survey called for a ...

  Los Angeles / AFP Amazon.com Inc. is developing a premium Echo-like speaker with a screen, a sign the world’s largest online retailer is trying to capitalize on the surprise success of its voice-controlled home gadgets and fend off competition from Google and Apple Inc. The new device will have a touchscreen measuring about seven inches, a major departure from ...

  Bloomberg Time Warner’s CNN said that it has agreed to acquire the staff and technology behind social media app Beme, created by YouTube star Casey Neistat and Matt Hackett. Financial terms weren’t disclosed. The company said its 12 employees will join CNN. Beme was created to offer a social application that allows millennials and others to share short videos ...

  Washington / AP A big rise in drone use is likely to lead to a new wave of “dronejackings” by cybercriminals, security experts warned. A report by Intel’s McAfee Labs said hackers are expected to start targeting drones used for deliveries, law enforcement or camera crews, in addition to hobbyists. “Drones are well on the way to becoming a ...

  AFP Facebook has unveiled “Instant Games” allowing users of the world’s biggest social network to play from its Messenger application or directly on their news feeds. The new games effort could be a step toward eventually monetizing Messenger, which now has more than one billion users. “This new games experience allows people to easily discover, share, and play games ...