September, 2019

• 8 September

  China mulls goal of 60% of auto sales to be electric by 2035

  

  Bloomberg China is exploring ambitious new plans for the future of its car industry, weighing a target for 60% of all automobiles sold in the country to run on electric motors by 2035, according to people familiar with the matter. China’s Ministry of Industry and Information Technology is spearheading the government’s latest auto industry plans for 2021 through 2035, said …

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• 8 September

  Kenya wins delay in feud with Somalia over oil-rich region

  Bloomberg The United Nations International Court of Justice granted Kenya’s request to postpone a hearing of a territorial dispute with Somalia, less than a week before it was scheduled to begin. The hearing will now start on November 4. Kenya had requested that it be delayed for a year as it recruits a new defense team. The neighbours claim ownership …

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• 8 September

  Australia mining towns leading gains in housing market recovery

  

  Bloomberg Home prices in Australia’s mining towns are leading the recovery in the property market, accounting for nine out of the 10 suburbs with the strongest growth in median prices. The gains were led by a suburb close to the home to one of the world’s largest lead smelters, as well as a once-struggling steel city, as record-low interest rates …

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• 8 September

  Stock traders stare into ‘abyss’ a year after Armageddon

  

  Bloomberg Nobody knew it then, but this time last year, the rallying US stock market was about to begin a plunge that would erase $5 trillion from share values and convince a lot of people a recession was at hand. Then, as now, a trade war was raging, earnings in doubt and manufacturing losing steam. In the stock market, swings …

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• 8 September

  JPMorgan fears new breed of crypto like Libra face ‘gridlock’

  

  Bloomberg Stablecoins, a fast-growing subset of cryptocurrencies designed to avoid the large fluctuations of Bitcoin and Ether, could fail to function properly in periods of stress, according to JPMorgan Chase & Co. While the total value of all stablecoins is less than $5 billion, the low-volatility tokens are poised for rapid growth, and none more so than the Libra coin …

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• 8 September

  Europe-US regulatory split may prolong Max grounding

  

  Bloomberg Aviation executives are increasingly worried that a widening split between regulators in the US and Europe will extend the grounding of Boeing Co’s 737 Max, sowing confusion and fear as officials work to approve the resumption of commercial flights after two deadly crashes. Sounding the alarm over the increasingly tenuous alliance were Aengus Kelly, who heads the largest global …

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• 8 September

  KLM staff call off strike plan, to resume talks

  

  Bloomberg The ground staff of Air France-KLM’s Dutch arm cancelled their plan to strike work on Sunday at Amsterdam’s Schiphol Airport, one of Europe’s busiest travel hubs, after KLM indicated willingness to redress their grievances, FNV union said in a statement on its website. “KLM has until the end of next week to come to an agreement on the most …

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• 8 September

  Walmart plan to keep guns out of stores won’t keep them all out

  

  Bloomberg Walmart Inc’s new policy discouraging patrons from openly carrying guns will rely heavily on signage and won’t require employees to confront every person carrying a firearm, according to a person familiar with the matter. The nuanced approach is designed to let people who are armed go about their business in a Walmart store, as long as they’re not making …

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• 8 September

  Lululemon Athletica shares hit highest ever

  Bloomberg Lululemon Athletica Inc shares rose as much as 6.7 percent to a record high after again issuing a beat and raise quarterly report. “Lulu continued to show that it is in a league of its own,” Telsey Advisory’s Dana Telsey wrote. The retailer surprised the Street with a 500-basis point total comparable sales beat, even better than the 460-basis …

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• 8 September

  American Air says goodbye to MD-80 jetliner after 36 years

  

  Bloomberg Julio Gomez has flown the MD-80 for his entire 20-year career at American Airlines. But he can’t bring himself to make that final trip into the New Mexico desert. “I just cannot take that airplane to its grave,” Gomez, 52, said of the iconic jets’ retirement flights. “It’s just too heartbreaking.” The retirements mark the end of an era …

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