November, 2018

• 13 November

  Billion-dollar wildfires in California threaten utilities

  

  Bloomberg California utilities are facing the very real possibility that billion-dollar blazes could become an annual occurrence, and they don’t know how to pay for them. Shares of the state’s two largest utilities plummeted after both PG&E Corp. and Edison International released reports suggesting their equipment may have started the deadly fires now burning at both ends of the state. ...

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• 13 November

  GE rout deepens as CEO flops in bid to soothe shareholders

  

  Bloomberg General Electric Co.’s new chief executive officer tried to reassure investors but the effort failed as a deep rout worsened and Wall Street’s confidence in the beleaguered company’s future continued to collapse. The shares tumbled as much as 10 percent as Larry Culp expressed a “sense of urgency” in cutting debt and selling assets. Speaking publicly for the first ...

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• 13 November

  Vodafone jumps as dividend remains stable

  

  Bloomberg Vodafone Group Plc shares jumped 7.1 percent after the mobile phone company’s new chief executive unveiled stro-nger than expected results in a fiercely competitive market and kept the dividend stable while he tries to rein in debt. Investors were already bracing for CEO Nick Read to end Vodafone’s policy of constant dividend growth after the $22 billion takeover over ...

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• 13 November

  UK wages hit 10-year high amid tight labour market

  Bloomberg UK wage growth accelerated to a near 10-year high, backing the Bank of England’s view that there is now no spare capacity in the labour market. Average earnings excluding bonuses rose 3.2 percent in the three months through September from a year earlier, the most since December 2008, the Office for National Statistics said on Tuesday. Unemployment unexpectedly rose ...

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• 13 November

  Apple has plan B as iPhone demand peaks; suppliers don’t

  

  Bloomberg In a world where iPhone demand is on the wane, Apple Inc. has a Plan B. As customers wait longer between upgrades and the smartphone market saturates, Apple can fall back on charging higher prices for each handset and raking in more money from services such as streaming music, digital videos and data storage. But there’s no back-up for ...

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• 13 November

  N Korea missile bases outed in report undermines Trump

  

  Bloomberg Thirteen undeclared North Korean missile operating bases were identified in a new report, undermining the Trump administration’s claims that its outreach to Pyongyang is making progress in getting Kim Jong-un’s regime to give up its nuclear weapons programme. The 13 sites are among an estimated 20 bases, small and dispersed across the country, that are believed to have underground ...

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• 13 November

  Trump blames secret service for cancelled trip to French cemetery

  

  Bloomberg President Donald Trump said he suggested driving to a French cemetery for a World War I commemoration that he skipped over the weekend but he blamed the Secret Service for blocking that idea after his helicopter was unable to fly due to weather conditions. “By the way, when the helicopter couldn’t fly to the first cemetery in France because ...

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• 13 November

  As Brexit enters endgame, Romania takes EU presidency

  

  Bloomberg No stranger to gaffes, Romania’s prime minister is perhaps best known for one particularly glaring slip of the tongue not long into her tenure. Addressing colleagues at a government meeting in May — as well as a live online audience — Viorica Dancila proudly declared that “we’re reducing democracy.” Despite quickly correcting that last word to “bureaucracy,” the Internet ...

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• 13 November

  Trump-Pelosi feud over immigration deepens

  

  Bloomberg President Donald Trump’s hardening line on immigration sets him on a collision course with House Democrats that is likely to shape the next presidential campaign. Trump’s first move following midterm elections in which he stoked fears of undocumented immigrants was to restrict asylum claims by people who illegally cross the US-Mexico border. He has also promised to try to ...

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• 13 November

  Convicted Macedonian ex-premier’s asylum plea puts Orban on spot

  Bloomberg The convicted former prime minister of the Republic of Macedonia said he has fled to Hungary and applied for political asylum there, challenging Prime Minister Viktor Orban’s balancing act between mainstream European politics and its nationalist fringe. Orban faces a tough decision. He can grant asylum to Nikola Gruevski, the Macedonian leader who escaped to Hungary to avoid starting ...

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