September, 2018

• 18 September

  Duke restores power

  Bloomberg Almost 80 percent of the 1.5 million customers who lost power in Hurricane Florence have had their electricity restored by Duke Energy Corp. It’s the remaining few hundred thousand that could be the test. “The first ones are the easiest ones,” Kit Konolige, a New York-based analyst for Bloomberg Intelligence, said.

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• 18 September

  Russia lashes out at Israel after plane downed in Syria attack

  

  Bloomberg Russia warned angrily it may respond to “hostile” actions by Israel after one of its military reconnaissance planes was downed mistakenly by Syrian forces fighting off an attack by Israeli warplanes. The spike in tensions came a day after Russia called off a campaign against the last major opposition-held area in Syria, preventing for now an escalation in the ...

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• 18 September

  Arab nations to aid Palestinian agency as Trump cuts funding

  

  Bloomberg Arab countries will step in to help the UN agency serving Palestinian refugees after the US’s decision to cut off funding, Egypt’s foreign minister said, as President Donald Trump’s allies seek to contain the fallout of his attempt to re-write the rules that have underpinned decades of peace talks. The Trump administration said last month it would not make ...

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• 18 September

  Moon starts Pyongyang bid to save Trump-Kim nuclear talks

  

  Bloomberg North Korean leader Kim Jong-un greeted South Korean President Moon Jae-in in an elaborate welcoming ceremony as he arrived at Pyongyang airport on Tuesday for a landmark visit to salvage stalled nuclear talks between the regime and the US. Thousands of North Korean men and women waved flowers and flags as Kim and Moon shared smiles and handshakes on ...

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• 18 September

  Abe plays down ‘sub drill’ in South China Sea

  

  Bloomberg Japanese Prime Minister Shinzo Abe downplayed the significance of military drills involving a submarine in the South China Sea, saying relations with China are on the right track. Japan held a submarine exercise in the South China Sea, which also involved five aircraft and three destroyers, on September 13, according to a statement from Japan’s Maritime Self-Defense Force. Kyodo ...

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• 18 September

  Trump looking ‘very seriously’ at permanent military base in Poland

  Bloomberg President Donald Trump said the US is looking “very seriously” at establishing a permanent military base in Poland. Trump said at an Oval Office meeting on Tuesday with Polish President Andrzej Duda that the two would discuss the possibility and “we’re looking at it very seriously.” “Poland is willing to make a very major contribution to the United States ...

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• 18 September

  A warning from the almost-depression

  

  A ll during the 2008-09 financial crisis, Americans were told that the government was saving Wall Street not to protect overpaid bankers but to help Main Street avoid a second Great Depression. It was a hard case to make. However valid the logic, it was overwhelmed by infuriating realities — government was pouring tens of billions into the financial system ...

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• 18 September

  Hong Kong should cut stock-trading taxes

  

  The Hong Kong Stock Exchange is poised to lead the world in IPOs. In the past eight months, the city hosted 132 initial offerings to raise a total of $23.8 billion, surpassing the $20.6 billion garnered by the New York Stock Exchange’s (NYSE) 40 sales. That’s an impressive record. Now for a less impressive metric: Hong Kong trails New York ...

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• 18 September

  Bitcoin bigshot forgot one rule for selling shovels

  

  We all know the sage advice that in a gold rush the best thing to do is sell shovels. My caveat would be to ensure you’re paid in cash. And just to be clear for the modern world, this does not mean getting paid in Bitcoin Cash. Yes, I am looking at you, Bitmain Technologies Ltd. The Chinese company is ...

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• 18 September

  The European Union has a problem with dirty money

  After a string of scandals, the European Commission has unveiled new plans to crack down on money laundering. It’s right to take this problem seriously — but its proposals are weak. Instead of setting up a new agency and equipping it to do the job, Europe plans to keep relying on national authorities, some of which aren’t up to the ...

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