September, 2019

• 11 September

  Without 5G, new iPhones risk falling behind in China

  

  Bloomberg Apple Inc’s decision to skip support for the latest wireless standard on its new iPhones may cost the company a chance at capturing China’s biggest smartphone replacement wave in years. The iPhone maker, which is the only foreign brand to hold a top-five position in China, is struggling to fight off local competitors Huawei Technologies Co, Oppo and Xiaomi, ...

  Read More »
• 11 September

  UK launches $247mn database to treat life-threatening diseases

  

  Bloomberg The UK is launching a 200 million-pound ($247 million) DNA database to boost the prevention and treatment of life-threatening diseases from cancer to Alzheimer’s. Backed by 100 million pounds from pharma giants GlaxoSmithKline Plc, Johnson & Johnson, AstraZeneca Plc and Amgen Inc, the initiative will analyse and sequence the genetic codes of 500,000 volunteers at the UK Biobank. “This ...

  Read More »
• 11 September

  Charles Schwab to cut 600 jobs

  

  Bloomberg Charles Schwab Corp said it is cutting 600 jobs, or about 3 percent of the workforce, as the San Francisco-based broker-dealer and wealth-advisory firm faces “an increasingly challenging economic environment.” “These actions are a prudent step to ensure we manage our expense growth while continuing to invest in initiatives that allow us to achieve greater scale and efficiency,” the ...

  Read More »
• 11 September

  US core producer prices accelerate

  Bloomberg A measure of underlying US producer prices that excludes food and fuel picked up in August after posting its smallest gain in two years, indicating inflation may be starting to stabilise. So-called core producer prices increased 2.3 percent in August from a year earlier, topping the Bloomberg survey median forecast, following a 2.1 percent gain, a Labor Department report ...

  Read More »
• 11 September

  Google hit with demand from states over ad business

  

  Bloomberg State attorneys general investigating Google are ordering it to turn over a wide range of information about its advertising business, according to an investigative demand that takes direct aim at the biggest source of the company’s revenue. Texas Attorney General Ken Paxton’s office, which is leading the nationwide probe, issued a 29-page civil investigative demand obtained by Bloomberg. In ...

  Read More »
• 11 September

  Russia warns of ‘Pandora’s box’ in Crimea atrocities court clash

  

  Bloomberg Russia warned Europe’s human rights tribunal it risks opening a “Pandora’s box” of politically motivated cases if it accepts Ukraine’s claims that Moscow-led forces committed atrocities in the Crimea. The legal gambit by Russia’s Deputy Justice Minister Mikhail Galperin came as both sides faced off at the first public hearing at the European Court of Human Rights in the ...

  Read More »
• 11 September

  John Bolton’s departure unleashes inner Trump

  

  Bloomberg John Bolton’s departure as the president’s national security adviser removes one source of American tension with the world. But it means that Donald Trump may increasingly shape US foreign policy himself. Longtime hawk Bolton — fired by Trump citing disagreements on policy — was a key enabler for the president to take a hard line on Iran and North ...

  Read More »
• 11 September

  Pompeo ‘last man standing’ after Bolton exits White House

  Bloomberg The end of John Bolton’s fractious tenure as national security adviser leaves one man at the helm of the Trump administration’s foreign policy as it manages crises from Iran to North Korea: Secretary of State Michael Pompeo. From the moment Bolton arrived at the White House in April 2018, he brought a hawkish foreign policy vision honed over decades ...

  Read More »
• 11 September

  Trump faces dozens of investigations by House Democrats

  

  Bloomberg Heading into his re-election campaign, President Donald Trump faces months of inquiries by House Democrats beyond a potential impeachment probe. The scrutiny extends from Trump’s personal finances to decisions made by the White House on issues such as health care and immigration, his alleged direct involvement in payments to silence two women claiming to have had affairs with him ...

  Read More »
• 11 September

  ‘Johnson’s UK parliament suspension is unlawful’

  

  Bloomberg Prime Minister Boris Johnson lost a Scottish court ruling on the suspension of parliament, throwing the deadlocked British political system into even greater confusion ahead of the October 31 Brexit date. The court, in a short ruling, said that the purpose of the Prime Minister’s move was to unlawfully “stymie” parliament. The unanimous decision on Wednesday by a panel ...

  Read More »