October, 2019

• 21 October

  ‘Japan must inform public about China threat’

  

  Bloomberg Japan should rethink its rejection of offensive weapons, a senior US military officer said in Tokyo, while the US Coast Guard chief warned of China’s “antagonistic” behaviour in disputed waters. There needs to be a discussion between the government of Japan and the public about the threats that are out there, said the US military officer, who spoke to ...

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• 21 October

  Trudeau poised for weakened mandate as Canada votes

  

  Bloomberg Canadian Prime Minister Justin Trudeau was all set to retain power in a close election on Monday but lose his parliamentary majority, forcing him to rely on a left-leaning party to survive a second term. A Trudeau victory would avert an historic collapse for the Liberal leader who was elected four years ago on a wave of optimism and ...

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• 21 October

  Berlin freezes housing rents in plan to tackle cost spiral

  

  Bloomberg Berlin’s governing parties struck a deal to freeze rents for five years, marking one of the most radical plans to tackle spiraling housing costs in a major city and hitting the shares of major apartment owners. The German capital’s aggressive efforts to clamp down on rent increases have sparked interest in cities from Amsterdam to New York. While renters’ ...

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• 21 October

  Luxury developer Candy may bid for London land

  

  Bloomberg A group led by luxury property developer Nicholas Candy is considering making an offer for Capital & Counties (CapCo) Properties Plc, whose stock has cratered amid London prime real estate’s longest slump in decades. Capco’s shares rose 8% in London on Monday, valuing the firm at $2.8 billion. The stock had lost nearly half its value from its 2015 ...

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• 21 October

  California warned of more blackouts with dry winds raising wildfire threat

  

  Bloomberg Almost two weeks after 2.3 million people in California suffered through forced blackouts, the state’s utilities are warning they may have to cut power again with dry, gusting winds raising the threat of wildfires. At risk is supply to thousands who live and work in the mountains and valleys north of Los Angeles. A handful have already lost power, ...

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• 21 October

  US mints more than half of world’s new millionaires

  Bloomberg The US minted more than than half the world’s new millionaires last year as investments in equities and tech stocks propelled assets higher. The world’s wealthiest country accounted for 675,000 new millionaires, according to Credit Suisse Group AG’s Global Wealth Report. Japan and China contributed the second- and third-most, according to calculations based on US dollars. A significant portion ...

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• 21 October

  UK businesses’ Brexit frustration mounting with costs

  

  Bloomberg In September, Jaguar Land Rover (JLR) unveiled a new development facility near Coventry in central England, equipped with technologies like 3-D printing and dedicated to a futuristic vision dubbed “Destination Zero”: No emissions, accidents or congestion. Early next month, Britain’s biggest auto manufacturer plans to add another goose egg: Zero production. The maker of luxurious Jaguar sedans and rugged ...

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• 21 October

  iPhone display supplier sees OLED smartphone deluge

  

  Bloomberg Japan Display Inc (JDI), the struggling supplier of mobile screens to Apple Inc, says it has about a year before it needs to decide on whether to take a plunge on next-generation organic light-emitting diode displays. While OLED panels are slimmer, more energy-efficient and offer higher contrast, JDI’s liquid crystal displays (LCD) will retain a price advantage that keeps ...

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• 21 October

  South Korean officials to discuss developing nation status with US

  

  Bloomberg South Korean trade officials will discuss the country’s developing-nation status at the World Trade Organization with American counterparts this week, Yonhap News Agency reported. Trade Minister Yoo Myung-hee will reach out to the US, and the issue will be addressed at an economy ministers’ meeting soon, the report said, citing Finance Minister Hong Nam-ki. In July, Trump accused some ...

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• 21 October

  Avoid buying palm oil from Malaysia, says Indian group

  Bloomberg The trade spat between India, the world’s biggest palm buyer, and Malaysia seems to be escalating, with an influential processors’ group in Mumbai asking its members to refrain from buying the tropical oil from the second-largest producer. Malaysian PM Mahathir Mohamad last month told the United Nations that India “invaded and occupied” Kashmir. Since then, many Indian buyers of palm ...

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