September, 2019

• 9 September

  VW to unveil affordable e-cars

  

  Bloomberg Volkswagen AG is unwrapping not just new models at the Frankfurt car show, but also a tweaked logo as the world’s biggest carmaker ushers in the electric era. Little-changed since World War II, the new VW emblem will be uncovered atop its headquarters in Wolfsburg on Monday. Then later in Frankfurt, the manufacturer will unveil the VW brand’s electric-powered ...

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• 9 September

  Apple, Foxconn break China labour law to build ‘iPhones’

  

  Bloomberg Apple Inc and manufacturing partner Foxconn violated a Chinese labor rule by using too many temporary staff in the world’s largest iPhone factory, the companies confirmed following a report that also alleged harsh working conditions. The claims came from China Labor Watch (CLW), which issued the report ahead of an Apple event on Tuesday to announce new iPhones. The ...

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• 9 September

  Recession threat recedes as Britain posts solid growth

  

  Bloomberg The UK economy grew at its fastest pace in six months in July, an unexpectedly strong performance that will allay fears Britain is facing a possible pre-Brexit recession. The economy recorded growth across the board, with the dominant services sector enjoying its best month this year. All else being equal, it will expand 0.4 percent in the third quarter ...

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• 9 September

  Google may ‘stonewall’ antitrust probes, state AGs are warned

  

  Bloomberg Republican Senator Josh Hawley warned state attorneys general (AG) expected to announce an antitrust probe of Alphabet Inc’s Google on Monday that they should expect formidable defensive tactics, no matter how cooperative the company has promised to be. “They will probably stall, stonewall, deflect, deny, threaten,” Hawley, a Missouri freshman who investigated the company when serving as his state’s ...

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• 9 September

  German trade surplus widens as exports rise

  Bloomberg Germany posted its biggest trade surplus in four months as exports showed a surprise gain. The foreign trade balance stood at 21.4 billion euros ($23.6 billion) in July, up from 16.6 billion euros the previous month, according to the Federal Statistics Office. Shipments abroad rose 0.7 percent from June, defying economist estimates for a decline. The data provide some ...

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• 9 September

  Ferrari unveils two new spider models

  

  Bloomberg Ferrari NV unveiled two new cars in a record year in terms of model range renewal, a move that will likely allow the Italian supercar maker to boost sales and increase average prices. On Monday, the Maranello-based company in Northern Italy revealed a sports car equipped with its most popular mid-rear-mounted 720-horsepower V8 engine, called F8 Spider, and a ...

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• 9 September

  Ken Griffin spends $99mn for Florida beachfront house

  Bloomberg Ken Griffin’s splurge on luxury real estate properties shows no signs of abating. The hedge fund titan spent $99.1 million for a beachfront house adjacent to his existing Palm Beach estate, according to the Palm Beach Post, citing sources with knowledge of the transaction and a deed filing. A Palm Beach County document confirmed the purchase price, but didn’t ...

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• 9 September

  Putin’s system survives local polls as some cracks appear

  

  Bloomberg Simmering popular anger led to setbacks for Russia’s ruling party in closely watched races in Moscow, even as the Kremlin used its tight control of the electoral system to ensure wins for its handpicked candidates in gubernatorial votes elsewhere. After weeks of the biggest anti-Kremlin demonstrations in seven years in the capital this summer, the United Russia party lost ...

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• 9 September

  Taiwan woos Solomon Islands amid China tilt

  

  Bloomberg Taiwan and the Solomon Islands put on a display of friendship on Monday, pledging to deepen ties, even as rumors persist the Pacific nation is close to severing relations in favour of China. President Tsai Ing-wen said Taiwan and the Solomon Islands would work together to strengthen bilateral ties as she met its foreign minister Jeremiah Manele. “Taiwan and ...

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• 9 September

  UK group starts legal bid to ensure PM follows law

  Bloomberg A British human-rights group is bringing a legal challenge to ensure that Prime Minister Boris Johnson abides by a government bill after one of his ministers criticised the legislation that requires an extension to the Brexit deadline. Liberty has applied for a judicial review, though it said it would withdraw the application if the prime minister confirmed that he ...

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