September, 2020

• 21 September

  Thailand removes plaque critical of monarchy

  

  Bloomberg Thai authorities removed a plaque proclaiming Thailand “belongs to the people, not the monarchy” a day after protesters installed it during a rally that drew tens of thousands of people seeking greater democracy. The Fine Arts Department and the Bangkok Metropolitan Administration removed the plaque, and the cultural heritage agency also filed a complaint against the protesters for breaking ...

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• 21 September

  Myanmar locks down biggest city over virus

  Bloomberg Myanmar locked down most of Yangon province, home to its largest city, for two weeks to contain a record surge in coronavirus infections ahead of the general elections scheduled for November. The strict stay-at-home order from Monday bars more than one member of a family venturing out for shopping and curbs travel from Yangon township to other cities except ...

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• 21 September

  Europe set for biggest shift yet in financing cleaner growth

  

  Bloomberg The European Union (EU) will unleash as many green bonds as the world issued last year, testing the level of investor interest in financing a shift towards cleaner economies. The bloc plans to create up to 225 billion euros ($266 billion) of green debt, which will propel it from a debut issuer to the largest player in the nascent ...

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• 21 September

  ByteDance asserts control of TikTok and contests $5 billion fee

  

  Bloomberg ByteDance Ltd. emphasised it will remain in control of a hived-off TikTok Global business, appearing to contradict President Donald Trump’s statements about how the new entity will be directed by Americans and pay an unusual $5 billion fee to the US government. The world’s most valuable startup sought to play down speculation it’s giving up control of valuable Chinese ...

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• 21 September

  Iliad to buy Poland’s Play in $2.6bn deal

  Bloomberg Iliad SA has agreed to buy Polish telecommunications company Play Communications SA for $2.6 billion as it expands across Europe. French billionaire Xavier Niel’s Iliad has offered 39 zloty per share for Play, and has received binding commitments from two controlling shareholders for their 40% stake, the companies said in a statement on Monday. The cash-and-debt deal shows Niel’s ...

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• 21 September

  Musk says Tesla has ‘a shot at record quarter’

  

  Bloomberg Tesla Inc. Chief Executive Officer (CEO) Elon Musk is rallying the troops as the end of the third quarter nears, urging employees in an email to make and sell as many electric cars as possible before September 30. “We have a shot at a record quarter for vehicle deliveries, but will have to rally hard to achieve it,” said ...

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• 21 September

  Storm Beta to drench Texas, Louisiana

  Bloomberg Beta, a slow-moving tropical storm, will bring flooding rains to Texas and Louisiana as well as raking offshore energy fields with high winds, but may not reach hurricane strength. Beta’s winds will likely hold at 50 miles (80 km) per hour as it approaches the Texas coast, where it could drop between 5 to 10 inches of rain, including ...

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• 21 September

  America lags behind world in protecting meat workers

  

  Bloomberg The US government is falling behind global rivals when it comes to protecting meatpacking workers from Covid-19 infections, even though the nation’s plants were among the first to confront rampant cases across factories. In Germany, the government is ready to upend a labour contracting system that left poorly paid immigrant workers vulnerable. In Brazil, the federal government has set ...

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• 21 September

  European stocks fall most since July; US futures slide

  

  Bloomberg European stocks fall the most since July after a report on bank allegations and signs that London is heading for a second lockdown. US equity futures sank and Treasuries rise. Airlines and travel companies led losses in the Europe Stoxx 600 Index. With virus cases climbing across Europe, there’s growing speculation that officials will be forced to apply tougher ...

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• 21 September

  HSBC shares drop to 25-year low on report of China ‘unreliable list’

  

  Bloomberg HSBC Holdings Plc slumped below its financial crisis low set more than a decade ago as pressures mount on several fronts, including a potential threat to its China expansion plans and increased scrutiny of money laundering controls. The London-based bank’s Hong Kong shares on Monday slid below their closing low for March 2009, hitting as low as HK$29.60. They ...

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