July, 2019

• 29 July

  Evergrande to build EV-charging tech

  

  Bloomberg China Evergrande Group may be a long way from challenging Tesla Inc, but it’s at least thinking about how customers can charge their electric cars more cheaply. The property developer has established a joint venture with State Grid Corp of China to co-develop smart car-charging technology, according to a statement on Evergrande’s website. In China, electric-vehicle owners pay about ...

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• 29 July

  Cloudiest Tokyo summer in 129 years hits Japan retailers

  

  Bloomberg Japan’s unusually long and cool rainy season dampened demand for apparel, furniture and other goods, with some retailers already reporting steep drops in merchandise sales. Shimamura Co, a chain of affordable clothing shops, reported that same-store sales through July 20 fell 18 percent from a year earlier. Many of Shimamura’s customers reach the company’s 1,433 locations in Japan via ...

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• 29 July

  Deutsche Telekom CEO closes in on US deal after third try

  

  Bloomberg Deutsche Telekom AG is the closest it’s ever been to securing the US wireless mega-merger that Chief Executive Officer Tim Hoettges has attempted to clinch three times. The German phone company rose the most in almost 10 months on Monday after clearing a major hurdle for the $26.5 billion takeover of Sprint Corp by its T-Mobile US Inc unit ...

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• 29 July

  ‘EU, UK not ready for no-deal Brexit’

  

  Bloomberg Neither the European Union nor Britain is ready for a no-deal Brexit on October 31, according to a study of contingency plans by the UK’s biggest business lobby group. “There are no areas of relevance to the economy where the UK, EU and the business community are all prepared well enough for no deal,” the Confederation of British Industry ...

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• 29 July

  Facebook’s ‘Like’ button makes websites liable, says top EU court

  

  Bloomberg Facebook Inc’s “Like” button makes third-party websites responsible for processing people’s data under the European Union’s privacy rules, according to the EU’s top court. The EU Court of Justice weighed in on a dispute after an online fashion retailer was accused of violating EU law by embedding a Like plugin, which a consumer association said allowed the social media ...

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• 29 July

  UK’s ‘Snooper’s Charter’ survives court challenge

  Bloomberg The so-called Snooper’s Charter, which allows the UK government to access data from emails and mobile phones, survived a court challenge from a privacy group. A pair of UK judges dismissed the lawsuit, saying they weren’t persuaded that the legislation is incompatible with European Union rules. Judge Rabinder Singh said the 2016 Investigatory Powers Act included several “safeguards against ...

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• 29 July

  Pfizer chief sharpens cancer focus with Mylan plan

  

  Bloomberg Pharmaceutical behemoth Pfizer Inc has transformed itself under new leadership through a series of spinouts and joint ventures, mitigating risk by placing some units at arm’s length while continuing to reap rewards from them. Chief Executive Officer Albert Bourla, 57, who took the helm in January after serving as the drugmaker’s operations chief, has rapidly transformed the company through ...

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• 29 July

  China warns HK unrest goes ‘far beyond’ peaceful protest

  

  Bloomberg China said violent protests in Hong Kong wouldn’t be tolerated, its most high-profile response to unrest rocking the city after a chaotic weekend of unrest illustrated the government’s struggles in quelling a leaderless, unpredictable and widespread movement. The Hong Kong and Macau Affairs Office, which answers to China’s cabinet, reaffirmed its support for the city’s government and police in ...

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• 29 July

  Russian opposition leader ill after exposure to unknown chemical

  

  Bloomberg Russian opposition leader Alexey Navalny may have been exposed to “an unknown chemical substance” in prison that caused a severe allergic reaction for which he was hospitalised, according to his doctor, Anastasia Vasilieva. Navalny, 43, was taken by ambulance to a Moscow city hospital for what his spokeswoman, Kira Yarmysh, said was a major allergic reaction, something she said ...

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• 29 July

  Second UK warship arrives to protect Hormuz

  

  Bloomberg Efforts to secure safe passage through the Strait of Hormuz are ramping up as the UK said a second warship arrived in the area and South Korea may deploy its own unit as part of a multinational force. Tensions have flared in the strait in recent weeks as Iran pushes back against US sanctions that are crippling its oil ...

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