August, 2018

• 26 August

  Trump’s China hawks to swoop as trade talks yield no results

  

  Bloomberg The trade war between the US and China is about to get uglier. After a long, hot summer spent weighing risks and firing warning shots, the hawks in President Donald Trump’s administration have gained the upper hand — and they’re set to unleash a fall offensive. Talks in Washington this week yielded little visible progress towards a ceasefire between ...

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• 26 August

  New 488 Pista Spider is Ferrari’s most powerful convertible

  

  Bloomberg Today on the Pebble Beach Golf Course in California, Ferrari unveiled the 50th convertible model it has ever made, the Ferrari 488 Pista Spider. This 488 Pista Spider is the continuation of Ferrari’s top-selling 488 line. It has the most powerful Ferrari V8 engine ever—720 horsepower on twin-turbos—and a unique barking rev sound thanks to the fact that it ...

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• 26 August

  Careless directors to face fines under new UK rules

  

  Bloomberg The UK government said it will move forward with plans to punish directors who fail to safeguard their workers from the effects of a company’s bankruptcy. New powers announced Sunday will be given to the UK Insolvency Service, including the ability to issue fines or even disqualifications to company bosses if they are found to have tried to avoid ...

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• 26 August

  Communications chief of Tesla O’Brien to depart next month

  Bloomberg Sarah O’Brien, Tesla Inc.’s vice president of communications, is leaving the company after nearly two years, the company confirmed. Her departure has been planned for a few months and precedes the recent drama surrounding Chief Executive Officer Elon Musk’s aborted attempt to take the electric carmaker private. Her last day will be September 7. “We’d like to thank Sarah ...

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• 26 August

  Shrinking workforce adds strain to Polish labour market

  

  Bloomberg Poland’s jobs conundrum is worse than it looks. A labour shortage has increasingly emerged as one of the biggest hurdles for the European Union’s biggest eastern economy. Now the remaining pool of available workers is drying up fast. Data showed Poland’s registered jobless rate unchanged in July at a record low, with the number of newly unemployed down by ...

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• 26 August

  Democrats cut leaders’ power to pick presidential nominee

  

  Bloomberg Democrats voted to dramatically reduce the influence of superdelegates on the party’s presidential nomination process as part of an effort to move past the fissures of the 2016 election as candidates gear up for the next one. The measure passed by a voice vote at the party’s summer conference in Chicago, with a small fraction voting against it. “Today ...

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• 26 August

  John McCain, Arizona senator and Vietnam war hero, dies at 81

  

  Bloomberg John McCain, the 2008 Republican presidential nominee and Vietnam War hero who was a senior voice on defense and foreign policy in the US Senate, has died. He was 81. McCain died at 4:28 pm on August 25, his office said in an emailed statement. His wife Cindy and his family were with the senator when he passed away ...

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• 26 August

  Japan’s Abe seeks third term after fighting back from scandal

  

  Bloomberg Prime Minister Shinzo Abe launched his bid for a historic third-straight term as ruling party president, attempting to put months of scandal behind him and become Japan’s longest-serving premier. The widely anticipated announcement kicked off what was expected to be an easy campaign for leadership of the Liberal Democratic Party. Media surveys of lawmakers and party members who will ...

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• 26 August

  Australia’s Bishop resigns amid fallout

  

  Bloomberg Australia’s Julie Bishop has resigned as foreign minister and will return to the backbench as the fallout from Friday’s dumping of Malcolm Turnbull as prime minister continues. The 62-year-old stood in the three-way contest to become Liberal Party leader and prime minister after the ousting of Turnbull, but was knocked-out in the first round, gaining just 11 of 85 ...

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• 26 August

  Former Kano governor Kwankwaso to run for Nigeria’s presidency

  Bloomberg Rabiu Kwankwaso, a former governor of Nigeria’s northern state of Kano, will seek to oust President Muhammadu Buhari in elections scheduled for February. Kwankwaso, who’s now a senator, will announce on August 29 that he will compete to become the presidential candidate for the main opposition People’s Democratic Party, which will hold primaries later this year, his spokeswoman, Binta ...

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