March, 2019

• 26 March

  SNC dealt another blow with Chile copper mine project cancellation

  

  Bloomberg SNC-Lavalin Group Inc., the embattled engineering firm at the heart of Canada’s biggest political crisis in years, has been dealt another blow in Chile. Copper producer Codelco said that it cancelled a contract worth $260 million to build two new acid plants in the Chuquicamata mine. Montreal-based SNC has “seriously” and “repeatedly” breached aspects of its contracts, according to ...

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• 26 March

  UK reconsidering ban on billion-dollar scooter firms

  

  Bloomberg The banning of e-scooters on British roads is being reconsidered after the UK government said it was opening “the biggest regulatory review in a generation” of current mobility laws, some of which date back to 1835. The government said that it wanted to start the process of modernising existing legislation, which was proving to be a barrier to innovation, ...

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• 26 March

  Lyft moves IPO roadshow as drivers protest

  

  Bloomberg Disgruntled drivers showed up at the Omni hotel in San Francisco hoping to make their feelings known to the executives, bankers and potential investors at Lyft Inc.’s IPO roadshow meeting. No one was there. Lyft’s scheduled meeting was held at the Olympic Club instead. It had originally been planned for the Omni, according to a term sheet reviewed by ...

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• 26 March

  Israel launches strikes across Gaza after rocket hits house

  

  Bloomberg Israel carried out dozens of airstrikes across the Gaza Strip, following a tense day that began with a rocket attack on a home in central Israel and a counterstrike that reduced the office of Hamas’s leader to ruins. Amid the escalation, both sides made preparations for the possibility of a broader confrontation. Israel moved troops closer to its southern ...

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• 26 March

  Syrian Kurds demand autonomy to merge with Assad’s army

  

  Bloomberg Syrian Kurds will merge their forces into President Bashar al-Assad’s military if he agrees to grant them some measure of political autonomy, an envoy in Moscow said. The US-backed Syrian Democratic Forces can incorporate their fighters into Assad’s army “if there is agreement on a new constitution guaranteeing the rights of all peoples in Syria rather than keeping central ...

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• 26 March

  May staggers on as parliament seizes control of Brexit

  

  Bloomberg The UK Parliament seized control of the Brexit process from PM Theresa May and will now seek to decide how Britain exits the European Union. In a vote, the House of Commons split 329 to 302 to schedule votes on a series of alternative strategies, potentially including a second referendum, keeping the UK in the bloc’s customs union, leaving ...

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• 26 March

  Thai polls mess pits ex-PM against generals

  

  Bloomberg Thailand’s first election since the 2014 coup was always going to be messy. But it’s turning out to be even more chaotic than many observers expected, setting the stage for renewed tumult after five years of military rule. Election authorities have faced calls to resign for repeatedly delaying the full results and failing to account for mounting irregularities, including ...

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• 26 March

  Former Pakistan PM gets bail for six weeks

  

  Bloomberg Former PM Nawaz Sharif, who is serving a seven-year jail term in a corruption case, got bail for six weeks to enable him to seek medical treatment for a heart condition. Pakistan’s Supreme Court Chief Justice Asif Saeed Khan Khosa in his verdict in Islamabad on Tuesday barred the ex-premier from seeking his treatment overseas, Khawaja Harris, Sharif’s lawyer ...

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• 26 March

  Mueller makes a normal election possible in 2020

  

  Robert Mueller’s report is a gift to the nation, which now knows what was already a reasonable surmise: that its chief executive’s unlovely admiration for a repulsive foreign regime, Vladimir Putin’s, is more a dereliction of taste and judgment than evidence that he is under that regime’s sway. The report is an even larger gift to the nation because it ...

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• 26 March

  China’s hydrogen economy is coming

  

  There was little excitement in the air when China’s State Council convened a press conference to announce and explain 83 revisions to the annual Government Work Report. A few equity investors paid attention anyway. Among the revisions was a proposal to promote the development and construction of fueling stations for hydrogen fuel-cell cars. Chinese punters were ready: In the first ...

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