September, 2019

• 24 September

  Google wins EU’s court battle over global ‘right to be forgotten’

  

  Bloomberg Google won a European Union court battle against plans to impose a global “right to be forgotten” in the latest landmark ruling over where to draw the line between privacy and freedom of speech. The EU Court of Justice said search engines should remove results on European versions of its websites and weren’t required to scrub links globally. Five ...

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• 24 September

  German stimulus programme not on cards: Minister

  

  Bloomberg Germany is not on the verge of a recession and old-style stimulus programmes are not in vogue any more, Economy Minister Peter Altmaier said on Tuesday. While Altmaier denied the country was heading into a recession, he said the deteriorating international scenario was beginning to weigh on the export-driven economy. “I think old-style stimulus programs are not in vogue ...

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• 24 September

  Fintech Fundbox raises $176mn to lend to businesses using AI

  

  Bloomberg Fintech Fundbox Inc has raised $176 million in a new funding round from investors including Allianz SE and General Catalyst. The company was expected to announce the funding on Tuesday, along with a new $150 million credit facility. A Fundbox spokesman said the new round valued the company at between $500 million and $1 billion, but would not disclose ...

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• 24 September

  VW chairman, CEO charged with market manipulation

  

  Bloomberg Volkswagen AG’s two top leaders, Chief Executive Officer Herbert Diess and Chairman Hans Dieter Poetsch, were charged with market manipulation in Germany over allegations they failed to inform investors early enough about the diesel-emission scandal. Former CEO Martin Winterkorn was also charged in the case, according to the indictment filed by Braunschweig prosecutors. The shares fell as much as ...

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• 24 September

  Trump ordered delay in $400m military aid to Ukraine before call

  

  Bloomberg President Donald Trump ordered his acting chief of staff to delay sending $400 million in military aid to Ukraine at least a week before he spoke to that country’s president, a person familiar with the matter said. Donald Trump’s July 25 telephone call with the new Ukrainian president, Volodymyr Zelenskiy, is the subject of a congressional investigation and is ...

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• 24 September

  Venezuela’s Maduro to meet Putin in Moscow

  

  Bloomberg Russian President Vladimir Putin will meet his embattled Venezuelan counterpart Nicolas Maduro in Moscow on Wednesday, but the two aren’t planning to sign any documents, Kremlin spokesman Dmitry Peskov said. “Various aspects of bilateral cooperation will be discussed,” Peskov said. The leaders will hold one-on-one talks, as well as a working lunch including other officials. “Of course, opinions will ...

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• 24 September

  Ghana security forces foil plot targeting presidency

  Bloomberg Ghana’s security forces arrested three people and seized arms in connection with activities surveyed over the last 15 months, which were targeted at the presidency. “The joint operation was to neutralise an elaborate plot targeted at the presidency, and with the ultimate aim of destabilising the country,” the Ministry of Information said in an emailed statement. Between June and ...

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• 24 September

  Trump stuck between Khan, Modi on Kashmir crackdown

  

  Bloomberg If Prime Minister Narendra Modi was worried about a frosty reception in the US after his crackdown on India’s Muslim-majority region of Kashmir, President Donald Trump was quick to put those fears to rest. “Border security is vital to India,” Trump said alongside Modi, as the two spoke at a huge gathering of around 50,000 Indian-Americans. “We understand that.” ...

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• 24 September

  UK court: Parliament suspension ‘unlawful’

  

  Bloomberg The UK’s top judges inflicted an unprecedented legal defeat on Prime Minister Boris Johnson, branding his controversial decision to suspend parliament unlawful and calling on lawmakers to return to parliament as soon as possible. The unanimous landmark decision by the 11 judges on Tuesday is a boost for MPs seeking to prevent Johnson pulling the country out of the ...

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• 24 September

  Pompeo sowing discord with Xinjiang’s remarks

  

  Bloomberg China said US Secretary of State Michael Pompeo was attempting to “sow discord” with recent comments about its policy toward Muslim Uighurs in its far west region of Xinjiang, treatment that has been widely criticised by foreign governments and rights groups. Pompeo said Beijing’s campaign against the Uighurs was an “attempt to erase its own citizens” and urged countries ...

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