September, 2022

• 3 September

  Biden urges voters to reject Trump, warning democracy at risk

  

  Bloomberg President Joe Biden accused Donald Trump and Republicans who back him of endangering US democracy and urged Americans to reject any candidate backed by his predecessor in the November midterm election. “Donald Trump and MAGA Republicans represent an extremism that threatens the very foundation of our republic,” Biden said Thursday in a prime-time speech from Philadelphia’s Independence National Historical ...

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• 3 September

  Argentina VP survives assassination attempt

  

    Bloomberg A man was arrested in Argentina after pointing a gun at Vice President Cristina Fernandez de Kirchner as she greeted supporters outside her residence in Buenos Aires, a rare case of political violence that shocked the South American nation. Video footage circulating on social media Thursday night showed a man coming within inches of the vice president and ...

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• 3 September

  Myanmar sentences Suu Kyi to more jail time for election fraud

    Bloomberg A military-controlled court in Myanmar sentenced deposed civilian leader Aung San Suu Kyi to three more years in prison for alleged election fraud in the 2020 general elections, according to a person familiar with the matter. The conviction on Friday was the fifth verdict against the Nobel peace laureate since the military topped her civilian government in a ...

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• 2 September

  Microsoft’s $69 billion Activision deal faces in-depth probe in UK

  

    Bloomberg Microsoft Corp.’s planned $69 billion purchase of Activision Blizzard Inc. will be sent for an in-depth review unless the tech giant offers remedies to address the UK watchdog’s concerns. The Competition and Markets Authority (CMA) said it was concerned about a substantial lessening of competition in the gaming consoles, multi-game subscription services and cloud gaming markets. It gave ...

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• 2 September

  Canada’s economy posts 3.3% growth in Q2 2022

  

    Bloomberg The Canadian economy accelerated in the second quarter as the nation benefited from surging commodity prices and got a boost from the lifting of Covid-19 lockdowns, though signs are emerging the momentum is waning. Gross domestic product rises at a 3.3% annualised rate after a 3.1% increase in the first three months of the year, Statistics Canada reported. ...

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• 2 September

  Spain’s inflation slows but any retreat is likely to be gradual

  

    Bloomberg Spanish inflation eased for the first time in four months, though surging energy prices as Russia limits supplies before the winter mean the retreat from record highs will probably be slow. European Union-harmonised consumer prices rise as much as 10.3% from a year ago in August, down from July’s 10.7% increase, Spain’s statistics service said in a statement. ...

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• 2 September

  US pending home sales decline in July

    Bloomberg US pending home sales fall in July for the sixth time this year to the lowest level since the start of the pandemic, extending the housing market’s sharp downturn as high borrowing costs sideline prospective buyers. The National Association of Realtors’ index of contract signings to purchase previously owned homes decreased 1% from a month earlier to 89.8, ...

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• 2 September

  Argentina seeks to shift all-cash workers into payroll jobs

  

    Bloomberg Argentina etched out a job market program aimed at addressing informal labour as it seeks to lower government spending. A government decree created the “puente” or bridge program by which social welfare recipients can continue to receive their handouts for a year after starting a formal, payroll job. The government will also cover all employer contributions during that ...

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• 2 September

  Buffet’s Berkshire offloads more shares in Chinese EV giant BYD

  

    Bloomberg Warren Buffett’s Berkshire Hathaway Inc. trimmed its stake in BYD Co. even further, offloading another 1.72 million shares as of September 1, according to an exchange filing on Friday, just days after the legendary US investor began reducing his holding in China’s biggest maker of electric vehicles. Berkshire’s interest in BYD’s Hong Kong-listed shares has now fallen to ...

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• 2 September

  Futures dip ahead of US jobs report

  

    Bloomberg Stocks are set for a third straight week of declines ahead of key US jobs data that could stir expectations for another sharp Federal Reserve interest-rate hike. A dollar gauge slipped from a record high and the euro strengthened. US futures fluctuated on Friday, while European stocks rose and Asian shares fell. The jobs update is expected to ...

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