September, 2018

• 3 September

  Macron says Putin’s dream is ‘dismantling’ of Europe

  Bloomberg French President Emmanuel Macron said Russian leader Vladimir Putin’s vision for the future is to dismantle Europe, and that the giant eastern neighbour doesn’t share the same human rights values as the Old Continent. “I do respect Vladimir Putin and I am one of the leaders who says we need to construct a new security and defense architecture with ...

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• 3 September

  US sounds Abbas out on Palestinian-Jordan confederation

  

  Bloomberg Palestinian Authority President Mahmoud Abbas told a group of Israeli lawmakers and activists that President Donald Trump’s negotiating team had asked whether he would agree to a confederation with neighboring Jordan. Peace Now’s executive director Shaqued Morag, who attended the meeting, said Abbas told the US that he would agree to a trilateral confederation that includes Israel. Decades ago, ...

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• 3 September

  Eritrea may alter army draft to stem ‘exodus’

  Bloomberg Eritrea says it will cut the size of its army as part of changes to a system of mandatory national service that the United Nations blames for propelling tens of thousands of people to flee to Europe and neighbouring countries. The official end to a two-decade war with neighbouring Ethiopia means the country that sits on a key shipping ...

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• 3 September

  Lula meets successor in jail after court bans his presidential bid

  Bloomberg Brazil’s imprisoned ex-leader Luiz Inacio Lula da Silva is meeting with his aides on Monday to map out his party’s next moves after the country’s top electoral court banned him from running for president in October. Former Sao Paulo Mayor Fernando Haddad, Lula’s running mate and likely successor in the race, is in the southern city of Curitiba, where ...

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• 3 September

  WPP’s new CEO steps out of Sorrell’s shadow ‘for change’

  

  Bloomberg Mark Read is stepping out from the shadow of WPP Plc founder Martin Sorrell as the advertising giant’s new chief executive, and he has a clear message: change is coming. “There are no sacred cows,” Read said in a phone interview, shortly after WPP confirmed his appointment on Monday. In an unusually lengthy statement, Read promised renewal and a ...

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• 3 September

  Ford plans to upgrade its Mondeo family car

  

  Bloomberg Ford Motor Co. said it’s standing by its Mondeo family car, adding it will move forward with plans for an upgrade of the 25-year-old model and denying a Sunday Times report that it plans to halt production. The Mondeo remains a “core part” of its product line-up in Europe, and there will be improvements introduced later this year, the ...

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• 3 September

  Manufacturing growth in UK slows to 2-year low as exports falter

  

  Bloomberg UK manufacturing growth unexpectedly slowed to the weakest in two years last month as export orders contracted amid a weakening of the global economy. IHS Markit’s Purchasing Managers’ Index fell to 52.8 in August, the firm said, down from 53.8 a month earlier, and below the 53.9 forecast by economists. A gauge of new orders for exports fell below ...

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• 3 September

  European firms dominate Uganda’s $1bn toll road bids

  Bloomberg Uganda pre-qualified eight groups of companies for a public-private partnership to build and operate a 95-kilometre (59-mile) toll road worth more than $1 billion. France-based Vinci SA, Strabag SE Austria and Tecnasol Luisa Goncal of Portugal are leading groups in bids for the road linking the capital, Kampala, to Jinja town in the east, Uganda Roads Authority Executive Director ...

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• 3 September

  Google, Mastercard cut a secret ad deal to track retail sales

  

  Bloomberg For the past year, select Google advertisers have had access to a potent new tool to track whether the ads they ran online led to a sale at a physical store in the US. That insight came thanks in part to a stockpile of Mastercard transactions that Google paid for. But most of the two billion Mastercard holders aren’t ...

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• 3 September

  UK’s biggest energy suppliers losing customers to startups

  

  Bloomberg The latest threat to the dominance of Britain’s six biggest energy suppliers is coming from small technology companies that automatically switch consumers to the cheapest deal. Their emergence couldn’t come at a worse time for the industry, which is already beset by lawmakers capping rates and suffering from perennial mistrust by consumers. On top of that, utilities are getting ...

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