July, 2019

• 3 July

  Japan rains: 700,000 ordered to evacuate

  

  Bloomberg Authorities ordered more than 700,000 people in Kagoshima in Japan’s southern island of Kyushu to evacuate from record rains that are forecast to last for the next several days. The Japan Meteorological Agency has called for “severe caution” toward potential landslides and flooding. The agency said that it may issue an “emergency warning,” used for weather events that occur ...

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• 3 July

  US slaps import duties of more than 400% on Vietnam steel

  

  Bloomberg The US Commerce Department imposed duties of more than 400 percent on steel imports from Vietnam, accusing some businesses of shipping products from the Southeast Asian nation to evade the levies in a further escalation of tension between the two trading partners. In three preliminary circumvention rulings on Vietnamese steel, the Commerce Department said certain products produced in South ...

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• 3 July

  China mulls buying ‘US farm products’ to show goodwill

  

  Bloomberg China is considering buying some US agricultural products as a gesture of goodwill amid the resumption of trade talks between Beijing and Washington, though the volume is likely to be smaller than before, according to people familiar with the situation. Purchases could include soybeans, corn and meat , according to the people, who asked not to be identified as ...

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• 3 July

  10% sales tax is enough for 10 years: Abe

  

  Bloomberg Japanese Prime Minister Shinzo Abe said he doesn’t see a need to raise the nation’s sales tax beyond 10 percent over the next 10 years, a stance that could hamper the government’s efforts to put the nation’s finances in order. “I don’t think there’s a need to raise it for the foreseeable future, for example, the next 10 years ...

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• 3 July

  Coal to dominate India power output to 2030

  

  Bloomberg Coal may account for half of India’s power generation in 2030 despite a boom in solar and wind energy projects, according to analysis by the country’s power-planning body. The assessment, released by the nation’s Central Electricity Authority (CEA), highlights that the nation has a large existing fleet of coal plants and that there’s a mismatch between peak periods of ...

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• 3 July

  Vijay Mallya says he’s lightning rod for public anger

  

  Bloomberg Indian businessman Vijay Mallya won the right to challenge extradition to his home country, at a hearing where he said he’s been turned into “the personification of all of India’s financial ills” and risks being held in a rat-infested, overcrowded jail cell. Mallya, the former billionaire who was known as the “King of Good Times” in India, is fighting ...

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• 3 July

  HP, Dell to shift up to 30% of laptop outout from China

  

  Bloomberg HP Inc and Dell Technologies Inc plan to move as much as 30 percent of their notebook production away from China, the Nikkei cited anonymous sources as saying, as global technology giants scramble out of the way of escalating tariffs on US-bound goods. Microsoft Corp, Amazon.com Inc, Sony Corp and Nintendo Co are also looking to move some of ...

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• 3 July

  Tesla soars as Model 3 paces record quarter for deliveries

  

  Bloomberg Tesla Inc shares surged as a record quarter of deliveries alleviated the worst fears about demand for the Elon Musk-led company’s electric vehicles. The Model 3 maker handed over 95,200 cars to customers in the three months that ended in June, exceeding the previous best mark set in the last quarter of 2018. Tesla’s delivery count exceeded all but ...

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• 3 July

  French police raid Renault HQ as part of Ghosn’s probe

  

  Bloomberg French police raided Renault SA’s headquarters outside Paris to gather evidence for an investigation related to spending by former Chairman Carlos Ghosn. A spokesman for Renault confirmed the police presence following a report by L’Express, while an official at the prosecutor’s office didn’t immediately respond to requests for comment. French investigators opened a probe earlier this year into whether ...

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• 3 July

  Unite buys UK’s Liberty Living for $1.8b

  Bloomberg Unite Group Plc agreed to buy fellow UK student-housing provider Liberty Living Group Plc for $1.8 billion in cash and shares. Unite is buying the assets from the Canada Pension Plan Investment Board, which will have a 20 percent stake in the group when the deal is completed in the third quarter, according to a company statement. Unite proposed ...

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