November, 2018

• 19 November

  Infighting weakens Nigeria’s ruling party

  Bloomberg Nigerian President Muhammadu Buhari’s chances of winning re-election in February are facing a potentially insurmountable hurdle: widening divisions in his own party. Dissatisfied party heavyweights range from his wife, Aisha Buhari, who called on members to “rise against impunity” after her brother lost a gubernatorial nomination, to three influential state governors whose chosen successors failed to win party primaries. ...

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• 19 November

  Replacing me won’t change parliament math: May

  

  Bloomberg Theresa May said a challenge to her leadership would be a distraction from negotiating with the European Union, and that any new prime minister would face the same issues she does, as she urged Parliament to back her Brexit deal as the only offer available. May is in the midst of the toughest week of her difficult premiership. Her ...

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• 19 November

  Sri Lankan president calls another vote on premier following chaos

  

  Bloomberg Sri Lanka’s President Maithripala Sirisena isn’t giving up on trying to install former strongman Mahinda Rajapaksa as prime minister, a quest that has plunged the country into a weeks-long political crisis. Sirisena called for a third no-confidence vote for Rajapaksa after lawmakers rejected him the first two times. On Monday, the parliament was adjourned until November 23 soon after ...

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• 19 November

  Chad army pushes out ‘enemy forces’ in north

  

  Bloomberg Chad’s army dislodged what it described as enemy fighters from a town near its northern border with Libya after heavy fighting in a conflict the government has so far given few details about. The central African nation’s announcement that the army was successful in fighting insurgents in the town of Miski came a week after President Idriss Deby replaced ...

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• 19 November

  Corporate America’s debt boom looks like a bust for economy

  

  Bloomberg Despite strong incentives in the Republican tax plan for American executives to expand, invest and ultimately boost the US economy’s growth potential, a lot of the debt companies are issuing appears to be motivated by something else. Non-financial corporate debt stands at 45.6 percent of gross domestic product, near the highest in post-war record keeping. Despite that, non-residential investment ...

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• 19 November

  California wildfires: PG&E reports second failure in power-line

  

  Bloomberg PG&E Corp may be poised for further volatility on Monday after disclosing a second power-line failure on the morning that California’s deadliest fire began. A circuit in Concow, Butte County, failed at about 6:45 am on November 8, the utility said in a filing to the state’s Public Utilities Commission. The California Department of Forestry and Fire Protection, known ...

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• 19 November

  Former Intel chief accepts $15mn package to join CDK

  Bloomberg The former chief executive officer of Intel Corp who was ousted over an inappropriate relationship with an employee has accepted a marginal pay cut to join CDK Global Inc, a much smaller company that provides software to the auto industry. Brian Krzanich was named CEO and a member of the board. He’ll succeed Brian MacDonald, who had been leading ...

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• 19 November

  Post-Carillion, UK recasts outsourcing approach

  

  Bloomberg The UK government has drawn up a package of reforms to improve the way public services are outsourced, after construction firm Carillion Plc became one of the biggest corporate casualties in British history this year. Outsourcing firms, including Serco Group Plc and Capita Plc, will issue “living wills” over the coming weeks, Cabinet Office Minister David Lidington plans to ...

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• 19 November

  UK housing woes deepen as asking price tumbles

  

  Bloomberg UK asking prices fell from a year earlier for the first time since 2011, led by declines in London and among the most expensive properties. Asking prices slipped 0.2 percent to 302,023 pounds ($387,000), according to Rightmove. Prices were 1.7 percent lower compared with October, the biggest drop for the month since 2012, the property website said on Monday. ...

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• 19 November

  Telecom Italia’s new boss deepens activist shareholder’s clout

  

  Bloomberg Telecom Italia SpA’s decision to name Luigi Gubitosi as its new chief executive officer marks another victory for Elliott Management Corp in its push for a radical overhaul of the embattled phone company. The board, stacked with directors representing billionaire Paul Singer’s fund, chose the former Merrill Lynch banker at a meeting. Gubitosi succeeds Amos Genish, who was ousted ...

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