November, 2019

• 13 November

  Netherlands to cut speed limits to reduce missions

  Bloomberg Dutch prime minister Mark Rutte’s coalition government plans to lower daytime speed limits on Dutch highways in response to a court ruling on nitrogen pollution that halted construction projects and led to protests from farmers and builders. Under the plan, the maximum speed will be lowered to 100 kilometres per hour (62 miles per hour) during the day, said ...

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• 13 November

  UK inflation rate hits three-year low

  

  Bloomberg Cheaper gas and electricity pushed UK inflation to its lowest rate in almost three years last month, bringing respite for Prime Minister Boris Johnson after two days of disappointing data. Consumer prices rose 1.5% from a year earlier, the smallest increase since November 2016, after a new energy price cap came into force, the Office for National Statistics said ...

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• 13 November

  Google denies using private health data

  

  Bloomberg Google’s top health and cloud executives said the company isn’t misusing health data from one of the biggest US health-care providers, pushing back against news reports that have triggered criticism from politicians of the search giant. Google employees only have access to patient information in order to build a new internal search tool for the Ascension hospital network, said ...

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• 13 November

  Musk’s Tesla picks Germany for European gigafactory

  

  Bloomberg Elon Musk picked a glitzy event in Germany, a few hours’ drive from the birthplace of the internal combustion engine, to drop the news before some of the world’s biggest car bosses: Tesla Inc plans to set up shop in their backyard. The billionaire chief executive officer announced that Tesla will round out its global manufacturing network with a ...

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• 13 November

  India considers shifting dividend tax to investors from companies

  

  Bloomberg India is considering changes to its dividend distribution tax, according to people with knowledge of the matter, in a bid to goad companies to boost spending and revive foreign fund inflows. The budget statement due in February may include a proposal to tax dividends once they are paid to shareholders, rather than the current system where the company pays ...

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• 13 November

  Rising onion prices fuelling India inflation, not rates

  

  Bloomberg India’s headline inflation probably breached the central bank’s 4% medium-term threshold last month, but that surge — driven by high onion prices — is unlikely to distract monetary policy makers from their focus on growth. Economists pegged the gains in consumer prices at 4.35% in October, according to the median of 33 economists surveyed by Bloomberg. That would be ...

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• 13 November

  Nita Ambani appointed to US museum’s board

  

  Bloomberg Nita Ambani, philanthropist and wife of Asia’s richest person, was named to the board of the largest US art museum after years of supporting exhibitions at the New York City institution. Ambani’s backing “has had an enormous impact on the museum’s ability to study and display art from every corner of the world,” Daniel Brodsky, the Metropolitan Museum of ...

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• 13 November

  Musk’s China challenger to debut electric car next year

  

  Bloomberg China Evergrande Group, the property giant with ambitions to become the world’s biggest maker of electric vehicles, plans to unveil its debut car by June — a year later than first promised. The car, to be sold under the ‘Hengchi’ brand, will debut in the first half of next year, with mass production starting in 2021, the company said ...

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• 13 November

  Xpeng raises $400mn from Xiaomi, others

  

  Bloomberg Chinese electric-car maker Xpeng Motors Technology Ltd has raised $400 million from investors including technology company Xiaomi Corp, as it seeks a spot among China’s more serious contenders in the market. Private-equity firms and individual investors including founder He Xiaopeng also took part in the funding round, the company said in a statement. The startup said in June it ...

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• 13 November

  SoftBank telecom unit mulls first bond sale since listing

  Bloomberg The Japanese telecommunications business of billionaire Masayoshi Son’s conglomerate is planning to sell its first bond since listing, in a test of investor sentiment after recent stumbles by the broader group. SoftBank Corp is considering the sale of five-, seven- and 10-year notes in the current fiscal year ending March 31, with pricing likely to occur in the January-March ...

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