September, 2018

• 9 September

  Japan restores power to nearly all of Hokkaido following earthquake

  Bloomberg Japan had restored power to nearly all of the northern island of Hokkaido as of September 8 morning after a historic earthquake knocked out electricity to the entire prefecture, home to more than 5 million people. The local government said that 18 people were killed, and 19 were still missing, the Nikkei reported. Hokkaido Electric Power Co., the region’s ...

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• 9 September

  Suzuki readies electric vehicles for India after China retreat

  

  Bloomberg Suzuki Motor Corp. will start road tests of electric vehicles in India starting next month as part of a plan to bring a battery-powered model as early as 2020, signalling undivided focus on its biggest market after announcing its exit from China this month. The company will test 50 EV prototypes to help develop easy-to-use cars that can withstand ...

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• 9 September

  Apple says proposed China tariffs to boost product prices

  

  Bloomberg Apple Inc. said proposed US tariffs on $200 billion worth of products imported from China will raise prices for some of its popular consumer goods such as the Apple Watch and AirPods headphones. The Mac mini desktop computer, Apple Pencil stylus accessory for iPads, various chargers and adapters and tooling equipment used to manufacturer and design some products in ...

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• 9 September

  ‘Europe is in no rush to regulate crypto market’

  

  Bloomberg Crypto traders reeling from a week of losses are getting a soothing message from the European Union. Finance ministers gathering in Vienna agreed that they won’t rush with steps to further regulate the market, and that they’ll wait for the outcome of a thorough analysis by European authorities before deciding on any steps, according to officials involved in the ...

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• 9 September

  VW diesel-scandal cost could top $35bn

  

  Bloomberg Volkswagen AG’s bill for cheating on diesel emissions could potentially top $35 billion as a legal battle with thousands of investors heats up in the German carmaker’s own backyard. A court in the town of Braunschweig, just over 20 miles from VW’s Wolfsburg headquarters, has scheduled a series of hearings starting on September 10 in a case combining claims ...

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• 9 September

  Musk rebuilds Tesla team from within amid chaotic exits

  

  Bloomberg Elon Musk made a series of internal promotions to rebuild Tesla Inc.’s senior management team and downplayed media coverage of the electric-car maker, assuring employees that production and deliveries are surging. The chief executive officer filled the voids left by departing heads of human resources and communications and elevated Jerome Guillen to president of automotive operations. While Musk stopped ...

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• 9 September

  Why we don’t prepare for the country’s future

  

  Does America adapt by crisis or consensus? Do we spontaneously change because we see we must, or must we be coerced by events that leave us no choice? — “The Good Life and Its Discontents: The American Dream in the Age of Entitlement” That’s what I wrote more than 20 years ago. Americans would solve their most pressing problems through ...

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• 9 September

  Carney’s nuclear option for no-deal Brexit

  

  For a staunch supporter of central bank “forward guidance,” Mark Carney changes his mind a tad too often. From when he will leave his job running the Bank of England (BOE), to when the BOE’s Monetary Policy Committee will next raise interest rates, there are plenty of examples. Yet on one crucial subject for the British economy, Carney has been ...

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• 9 September

  Deutsche Bank would be better off without HNA

  Another day, another negative headline about Deutsche Bank AG. First came the warning that the battered German lender is being evicted from the index of the top 50 stocks in the euro zone. Then came the another news that China’s HNA Group Co., one of the bank’s top shareholders, is selling its entire stake. The shares fell as much as ...

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• 9 September

  China’s 5G bonanza may leave investors on hold

  State technological, geopolitical and social objectives are the driving force behind what could be China’s biggest-ever telecom merger. Shareholders celebrating the deal might do well to remember that. Shares of China Unicom (Hong Kong) Ltd. and China Telecom Corp. surged after Bloomberg News reported that top leaders were reviewing a proposal to merge their state-controlled parents. The Hong Kong-traded units ...

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