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Bloomberg Renewable-power contracts fr-om Boralex Inc and Invenergy LLC are among those targeted for cancellation by Ontario Premier Doug Ford, who’s working to terminate or wind down more than 750 contracts in a revamp of the province’s energy policies. The list of contracts in Ford’s crosshairs includes one with the 50-megawatt Otter Creek Wind Farm in western Ontario, which is ...
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July, 2018
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16 July
Trump trade wars can lead to ‘hot conflicts’, warns Tusk
Bloomberg European Union (EU) President Donald Tusk called on Donald Trump to reform the world order rather than bring it down, warning that trade wars can lead to “hot conflicts.†Tusk issued his appeal in opening remarks to an annual EU-China summit on Monday, as he made an explicit link between the European delegation visiting Beijing and the US president’s ...
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16 July
UK house prices fall for first time in seven months
Bloomberg UK house prices fell for the first time in seven months as sellers adapted to the reality of the weaker market. Asking prices slipped 0.1 percent in July from a month earlier, property website Rightmove said on Monday. In London, prices slipped 0.5 percent, with smaller apartments falling faster than bigger homes. The reduction in asking prices can “be ...
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16 July
Tesla gets sales bump in Russia
Bloomberg Tesla Inc. may nearly double the number of cars it’s selling in Russia after a mobile-phone retailer backed by billionaire Alisher Usmanov unexpectedly added electric vehicles to the line of gadgets it offers. Svyaznoy, co-owned by Usmanov’s wireless carrier MegaFon PJSC, said it received orders for 236 vehicles in June, the first month it started sales jointly with importer ...
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16 July
Papa John’s evicts founder from offices
Bloomberg Papa John’s International Inc.’s board put further distance between the pizza chain and its outspoken founder John Schnatter for using a racial slur, agreeing to review all ties to him, evict him from the headquarters, and remove him from all marketing materials. A special committee of independent directors ordered the termination of a so-called founder’s agreement that designated Schnatter ...
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16 July
Airbnb faces regulatory crackdown in Europe
Bloomberg Airbnb Inc. was warned by the European Union (EU) to expect a regulatory clampdown unless its terms and conditions and the way it presents holiday-home prices comply with EU standards by the end of August. The online platform must present pricing information in a more transparent way and make the distinction between private and professional hosts clearer to consumers, ...
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16 July
Emerging global markets brace for a trade-war blow-out
Bloomberg It may be starting to sound like a broken record for emerging markets, with the twists and turns of US-China trade tensions likely to dominate investor concerns this week. That’s not to say Federal Reserve Chairman Jerome Powell’s two-day Congressional testimony and even the outcome of Monday’s meeting between Donald Trump and Vladimir Putin in Finland won’t have a ...
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16 July
Trump tells Putin world wants them to ‘get along’
Bloomberg President Donald Trump began his meeting with Vladimir Putin in Helsinki on Monday, testing his campaign pledge to revive ties with Russia amid pressure to confront the Kremlin leader over election meddling and growing concern that the US is abandoning the current international order. The highly anticipated event started with a one-on-one session between the former property developer and ...
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16 July
Italy’s Salvini hints at EU vetoes if sanctions on Russia not eased
Bloomberg Italy’s deputy prime minister, Matteo Salvini, said he will push the European Union to ease sanctions on Russia and threatened to block the EU’s agenda if he doesn’t get his way. At a press conference in Moscow, Salvini, who is also interior minister, said Russia should be brought back into the “European family†and that Monday’s meeting between US ...
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16 July
Tunisia president asks PM to improve economy or quit
Bloomberg Tunisia’s PM should either urgently address the country’s political and economic crisis or step aside, the president said. The intervention by Beji Caid Essebsi during a television interview comes as international investors signal deepening concerns about the economy, and ordinary Tunisians turn on politicians they see as more interested in jockeying ahead of presidential elections next year. Prime Minister ...
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