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Bloomberg Hong Kong tycoon Victor Li’s CK Infrastructure Holdings Ltd., which owns energy and water utilities globally, is considering listing some UK assets through a London initial public offering, according to people with knowledge of the matter. CK Infrastructure (CKI) is speaking with investment banks about the listing of certain UK holdings through a potential multibillion-dollar fund, said the people, ...
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September, 2018
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16 September
Coal ash, sewage spill over in the Carolinas
Bloomberg A Duke Energy Corp. landfill near Wilmington, North Carolina, failed under the assault of Tropical Storm Florence, spilling about 2,000 cubic yards of coal ash that can carry toxic mercury, arsenic and lead. Authorities said they would investigate whether the pollutant had reached the Cape Fear River, but said it was not yet safe to inspect the site. As ...
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16 September
Aston Martin says ‘Brexit risk to industry’
Bloomberg Aston Martin Chief Executive Officer Andy Palmer said that Brexit is “a disaster for the industry on both sides of the Channel if there is no negotiated exit.†Palmer, a former executive at Japan’s Nissan Motor Co., spoke in an interview with the Mail on Sunday. He joins Jaguar Land Rover CEO Ralf Speth in calling out the risks ...
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16 September
BMW morphs electric flagship from car to SUV ahead of ‘21 debut
Bloomberg BMW AG unveiled the latest iteration of its planned electric-car flagship, morphing what started out as low-slung cruiser into a sporty SUV, as the German luxury-car maker scrambles to keep pace with rivals. The iNext concept — revealed inside a cargo plane — is close to the production version, which is set to be released in 2021, according to ...
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16 September
Estonian startup undercuts billion-dollar ‘gaming stores’
Bloomberg The world’s biggest app stores are facing increasing pushback by developers over the high costs they charge for connecting their games with users — and new gaming platforms are looking to swoop in. Tallinn-based Ultra will take 15 percent from sales it generates through its digital store, in a bid to challenge companies such as Alphabet Inc.’s Google, Apple ...
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16 September
Theresa May could try a leisurely Brexit stroll
The Brexit-battered pound jumped for joy when European Union (EU) trade negotiator Michel Barnier told an audience in Slovenia that a finalized divorce agreement between the UK and the EU is ‘realistic’ in six to eight weeks. That doesn’t mean that we can all exhale by November. The divorce deal – which dictates the amount the UK will pay into ...
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16 September
BA isn’t anybody’s favourite airline
It’s lucky for airline executives that they’re a well-paid bunch, because when things go wrong the job’s a living nightmare. Besides the ever-present, low-level risk of a tragic accident, the complexity and customer-facing nature of aviation means that any operational snafu can become a crisis that dominates news coverage for days. Alex Cruz knows this only too well. Since being ...
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16 September
Fear of another Lehman made banking too boring
As bad as the 2008 crisis was, the cure could be worse. After Lehman Brothers fell and the US government stepped in to rescue finance from its worst instincts, many demanded that banking become “boring†again. Stolid lending, it was argued, was what banking should be all about. It’s time to recognize that this was a mistake. Finance is indeed ...
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16 September
It’s not a Trump boom, it’s an oil and gas boom
President Donald Trump has gone so far as to suggest that he possesses “a magic wand†capable of producing unexpectedly robust economic growth. I don’t know about a magic wand. But Trump is right about the strong economy: This is a genuine boom. And the greatest threat to it is the president’s policy agenda. First, give credit where it is ...
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16 September
Why India should let its citizens’ data roam free
India has a long history of drafting laws to protect its companies. In the process, Indians themselves often suffer. That’s precisely what will happen if the government proceeds with plans to force companies doing business in India to store all customer data locally. The first salvo in this campaign was fired in April, when the Reserve Bank of India (RBI) ...
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