August, 2018

• 14 August

  Lula’s party launches all-out push for his Brazil candidacy

  

  Bloomberg His supporters are descending on Brazil’s capital by the busloads, his lawyers wage legal battles, and his party stages hunger strikes, sit-ins, and news conferences in defense of his right to bid for the country’s top job. In public, allies of former President Luiz Inacio Lula da Silva are pulling out all the stops to get the imprisoned leftist ...

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• 14 August

  UK police treating Parliament car crash as terrorist incident

  Bloomberg UK police launched a counter-terrorism inquiry after a car crashed into barriers outside Parliament on Tuesday. Three people were injured in the incident, which bears similarities to a deadly attack last year. The driver, a man in his late 20s, was arrested at the scene on suspicion of terrorist offenses, the Metropolitan Police said. Though he has not yet ...

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• 14 August

  Masked youths burn 80 cars in southern Sweden overnight

  Bloomberg More than 80 cars were set ablaze in cities across southwestern Sweden overnight as groups of masked youths threw stones and started fires in what may have been a coordinated action. In the Frolunda neighbourhood of Gothenburg, Sweden’s second-largest city, 31 cars burned and 35 were damaged as a group of 6-8 masked youths threw stones and started fires, ...

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• 14 August

  20 die as highway bridge collapses in Italy

  

  Bloomberg A bridge on the main highway running down the Italian Mediterranean coast in the port city of Genoa has collapsed, and reports said at least 20 people died with others trapped in the rubble. Shares of Atlantia SpA, which runs the stretch of highway, fell almost 11 percent in Milan, the company’s biggest intraday drop since 2008. Atlantia Chief ...

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• 14 August

  No cheap gasoline for Venezuelans: Maduro

  Bloomberg President Nicolas Maduro took to the airwaves to tell Venezuelan drivers that the days of being able to fill up their tanks with some of the cheapest gasoline in the world were over. From August 15-17, drivers must register to receive subsidies for gasoline purchases, and those who do not will have to pay international prices for fuel. Maduro, ...

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• 14 August

  US parties exploit Russia probe to raise campaign cash

  

  Bloomberg Special Counsel Robert Mueller’s Russia investigation hasn’t yet become a top issue for most voters. But when it comes to fundraising, Democrats and Republicans battling for control of Congress in November are using the probe to cash in. Some Democrats are pitching to donors that they’ll prevent Mueller’s ouster or other interference by President Donald Trump. Republicans are telling ...

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• 14 August

  Ensign Energy goes hostile in $358mn Trinidad drilling bid

  

  Bloomberg Ensign Energy Services Inc. went hostile with a roughly C$470 million ($358 million) cash bid for Trinidad Drilling Ltd. after objecting to the terms of a confidentiality agreement the rival oilfield-service company wanted it to sign to engage in negotiations. Trinidad’s demand for “a lengthy standstill provision” wasn’t in the best interest of shareholders, Calgary-based Ensign said. Standstill agreements ...

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• 14 August

  Saudi Aramco, Air Products team up on gasification project

  Bloomberg Saudi Aramco, Air Products and ACWA Power said that they had signed a deal to form an $8 billion gasification and power joint venture in Saudi Arabia. The new entity, which will be located in the kingdom’s Jazan Economic City, will purchase gasification assets, power block and associated utilities from state-owned Aramco for about $8 billion, the companies said ...

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• 14 August

  Middle East’s Careem to test bus service in Egypt

  Bloomberg Careem Networks FZ, the Middle Eastern ride-hailing provider, is testing a bus-booking service ahead of a possible roll-out out across all 14 countries it operates in. Careem Bus — a division aimed at attracting low-income earners — will initially go live in at least four Egyptian cities, and is expected to be rolled out in September, according to people ...

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• 14 August

  Musk working with Silver Lake, Goldman to take Tesla private

  

  Bloomberg Elon Musk continued to drip feed details of his controversial plan to take Tesla Inc. private, saying that he’s getting advice from Goldman Sachs Group Inc. and private-equity firm Silver Lake. In a tweet, the electric-car maker’s chief executive officer said he’s also lined up legal advisers for the possible transaction. A Tesla spokesman said Musk’s tweet refers to ...

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