September, 2018

• 8 September

  S’pore to monitor risks of cybersecurity breaches

  Bloomberg Singapore will continue monitoring risks of cybersecurity breaches and data hacks as those threats won’t go away, a senior government official said. Risks need to be managed but won’t prevent the government from building the city state into a technology-advanced one under its “Smart Nation” plan, Janil Puthucheary, senior minister of state for communications and information, said at Bloomberg’s ...

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• 8 September

  Thai carrier True slides on $3bn legal spat

  

  Bloomberg True Corp. slid the most in about two years after a tribunal said it must pay more than 94 billion baht ($3 billion) in a breach of contract case dating back to 2005, an order the firm said it will dispute. The China Mobile Ltd.-backed carrier said in a filing this case isn’t final and it intends to take ...

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• 8 September

  Toyota is betting big on hybrid cars, just ask its battery maker

  

  Bloomberg For evidence of just how big Toyota Motor Corp.’s bet is that hybrid cars will dominate new-energy vehicles until at least the end of the next decade, look no further than its battery supplier. Primearth EV Energy Co., despite the name, doesn’t make batteries for the pure electric vehicles that are emerging as a newer rival to gasoline-electric hybrids, ...

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• 8 September

  Trade unions open to back new referendum on ‘Brexit’

  

  Bloomberg Britain’s trade unions will demand that a second referendum on Brexit be kept on the table as the campaign to give the public a final say on Prime Minister Theresa May’s divorce deal gathers pace. The call will be made in an agreed statement by the Trades Union Congress umbrella group on Sunday, according to three people familiar with ...

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• 8 September

  T-Mobile’s Sprint deal gets tailwind from ‘Chinese M&A’

  

  Bloomberg A potential megadeal between Chinese wireless carriers could give a boost to two companies half a world away: T-Mobile US Inc. and Sprint Corp. China United Network Communications Group Co. is said to be exploring a merger with China Telecommunications Corp., a transaction that would unite the country’s second- and third-largest carriers. The Chinese deal would be part of ...

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• 8 September

  US workers win bigger pay gains by being productive

  

  Bloomberg US workers may be finally getting a pay raise — and perhaps more importantly, they’re earning it by becoming more efficient. Average hourly earnings for private workers increased 2.9 percent in August from a year earlier, the most since the recession ended in mid-2009, the Labor Department said. The gains were broad-based, ranging from manufacturing to retail. The fatter ...

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• 8 September

  VW keeps options open for luxury-car IPO

  

  Bloomberg Volkswagen AG Chief Financial Officer Frank Witter was asked this week whether the world’s largest carmaker would be open to selling shares in the luxury-car unit that includes Porsche and Lamborghini. He didn’t say no to the option, which could potentially unlock billions of dollars in value for Volkswagen investors. “It is a legitimate question, without a doubt,” Witter ...

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• 8 September

  Facebook accuses BlackBerry of stealing its ‘tech’

  Bloomberg Facebook Inc. is suing BlackBerry Ltd. for patent infringement, escalating the legal battle between the two companies over protected technology. In a 118-page complaint filed filed in San Francisco federal court, Facebook accused BlackBerry of stealing its voice messaging technology, among other patented processes. Facebook is seeking unspecified damages for infringement of six patents. BlackBerry didn’t immediately respond to ...

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• 8 September

  The truth about Trump’s record on regulation

  

  Is US  President Donald J Trump dismantling the regulatory state? Not close. To be sure, recent headlines give the impression that he is. On one day, the Department of Transportation proposes to scale back fuel-economy requirements for motor vehicles. On another, the Department of Education proposes to eliminate regulations on for-profit colleges, designed to protect against exploitation and abuse of students. ...

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• 8 September

  Welcome to Italian bond-market circus

  

  Italy’s new government has clearly learned that saying the right sort of thing works. Yields have raced in this week on a barrage of press reports that the populist government is going to respect European Union rules in the 2019 budget. Ten-year BTP yields have fallen nearly 40 basis points this week, driving the spread to German debt down to ...

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