November, 2019

• 23 November

  Two Australians plan to export solar power

  Bloomberg Two of Australia’s richest people, Atlassian Corp co-founder Mike Cannon-Brookes and Fortescue Metals Group Chairman Andrew Forrest, are investing in an ambitious project to export solar power from a giant plant in Australia to Singapore via a 4,500 kilometre transmission cable. The project raised tens of millions of Australian dollars, said developer Sun Cable’s CEO David Griffin.

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• 23 November

  Japan and South Korea rescue intelligence pact after US push

  

  Bloomberg Japan and South Korea struck a last-minute deal to rescue their expiring intelligence-sharing pact, after a push from the Trump administration averted a blow to US efforts to strengthen its Asian alliance network. South Korea will suspend its plans to pull out of the General Security of Military Information Agreement (GSOMIA) and temporarily withdraw a complaint it made against ...

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• 23 November

  Nigeria’s Buhari not to seek third term

  

  Bloomberg Nigerian president Muhammadu Buhari ruled out the possibility of changing the constitution to seek a third term in office, Punch newspaper reported. The head of state, 76, was re-elected in March for a second four year mandate, the last he is permitted under the west African country’s constitution. Speculation is already turning to who the ruling All Progressives Congress ...

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• 23 November

  Hong Kong to hold first vote since protests began

  Bloomberg Millions of Hong Kong residents will vote on Sunday in local elections, marking their first chance to weigh in at the polls after five months of increasingly violent protests calling for greater democracy in the former British colony. Ahead of the District Council election, Hong Kong officials warned the vote could be postponed after some candidates came under attack ...

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• 23 November

  Modi’s BJP makes comeback in Indian state

  

  Bloomberg Indian PM Narendra Modi’s Bharatiya Janata Party (BJP) agreed to a surprise alliance with the rival Nationalist Congress Party (NCP) to form the government in the western state of Maharahstra, home to the country’s financial capital, Mumbai. Modi tweeted his congratulations to BJP’s Devendra Fadnavis, who was sworn in as chief minister of the state. Ajit Pawar of the ...

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• 23 November

  ‘Tory manifesto to be released on Sunday’

  

  Bloomberg British PM Boris Johnson tweeted that he’s looking forward to releasing the Tory party’s manifesto on Sunday, less than three weeks before the country goes to the polls. Johnson said the manifesto will respect the Brexit referendum and allow the government to focus on delivering “real benefits” to the nation. The tweet followed an appearance by Johnson and the ...

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• 23 November

  Bogota under curfew as protests spread to Colombia

  

  Bloomberg Bogota was placed under curfew for the first time in decades as Colombia became the latest Andean nation to be convulsed by violent anti-government protests. The mayor’s office instituted a city-wide curfew, as demonstrators clashed with security forces a day after a nationwide strike. Masked youths fought with police, and there were outbreaks of looting and vandalism in many ...

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• 23 November

  Has Donald Trump’s tax ‘reform’ backfired?

  

  The most favourable thing that can be said of President Trump’s 2017 tax cut — whose cost is reckoned at roughly $1.5 trillion over a decade — is that it disappointed. A harsher but perhaps more accurate judgment is that it flopped. It didn’t perform as advertised. This is not just a verdict on the past; it’s also a warning ...

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• 23 November

  UN should give refugees passports

  

  The United Nations’ recent report that 200,000 Syrians have been displaced as a result of the Turkish-led military operation in the country’s northeast highlighted what many of us already knew: Syria is the worst human-rights catastrophe of the 21st century. In just the past two weeks, we have learned about more executions, beatings, and war crimes against civilians committed by ...

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• 23 November

  HSBC’s ‘last man standing’ Assaf is on his way out

  Samir Assaf, the head of HSBC Holdings Plc’s investment bank, referred to himself as the “last man standing” among his generation of peers in London. Last week, it was revealed that he’ll be leaving the post. It won’t be the last big change at the giant Anglo-Asian lender. Slowing global growth, declining interest rates, trade tensions and unrest in Hong ...

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