November, 2017

• 22 November

  Indonesia tells Singapore to avoid Bali as volcano erupts

  Bloomberg Indonesia said Singapore’s travel advisory to avoid parts of the vacation island of Bali following a minor eruption at Mount Agung volcano was “excessive”. The eruption spouted ash clouds reaching up to 700 metres above Mount Agung’s crater, Indonesia’s Energy and Mineral Resources Ministry’s volcanology agency said on its website. Neighbouring Singapore said its citizens should refrain from non-essential ...

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• 22 November

  UK curbs home-buying taxes, unveils land-banking review

  

  Bloomberg UK Chancellor of the Exchequer Philip Hammond’s measures to help young people into the housing market underwhelmed investors and sent home-builder stocks tumbling. In his budget speech on Wednesday, Hammond abolished stamp duty for first-time buyers of homes worth up to $398,000 as the Conservative government sought to regain support among the younger voters who abandoned them at the ...

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• 22 November

  Goldman to get $180 million fees with Toshiba deal

  

  Bloomberg Goldman Sachs Group Inc. is poised to receive $180 million in fees for managing Toshiba Corp.’s emergency share sale, according to a person with knowledge of the matter. The US firm is arranging the 600 billion yen private placement of new shares for loss-making Toshiba, which faces a March deadline from Tokyo’s exchange to reverse its negative equity or ...

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• 22 November

  Uber’s hacking mess another setback to turnaround effort

  

  Bloomberg The appointment of Dara Khosrowshahi as head of Uber Technologies Inc. this summer was supposed to mark the beginning of a new chapter. The company had been racing from one disaster to the next, leading to boycotts, lawsuits, criminal probes, an executive exodus and an investor-led mutiny against the co-founder. Somehow, the new chief executive officer keeps finding more ...

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• 22 November

  Black Friday sales gain importance in UK

  

  Bloomberg As UK consumers start to suffer from Brexit jitters, British retailers have extended the Black Friday discounts they borrowed from America over as much as two weeks to lure wary shoppers online and in stores. They need a push. The slide in the pound after the UK’s vote to leave the European Union has driven up the cost of ...

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• 22 November

  Uber faces another irate UK regulator

  

  Bloomberg The UK regulator in charge of data privacy is looking into the major hack of Uber Technologies Inc.’s user data, opening up yet another front in the ride-hailing firm’s battle to manage one of its most successful markets. “Uber’s announcement about a concealed data breach last October raises huge concerns around its data protection policies and ethics,” James Dipple-Johnstone, ...

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• 22 November

  Germany urges SPD to bow to call for Merkel pact

  

  Bloomberg Pressure is mounting on Germany’s Social Democrats to join Chancellor Angela Merkel in a revived alliance and end the impasse threatening political stability in Europe’s largest economy. While Merkel has publicly stated she’s open to another election, her backers are betting that the SPD will abandon its aversion to a rerun of the “grand coalition,” according to people familiar ...

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• 22 November

  Terror state title spurs faith in nukes: N Korea

  

  Bloomberg US President Donald Trump’s designation of North Korea as a state sponsor of terrorism is a severe provocation that reminds the country it should keep hold of its “precious nuclear sword,” the nation’s foreign ministry said through its official Korean Central News Agency. In the Korean language statement on Wednesday, Pyongyang said it opposed any form of support for ...

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• 22 November

  Mosque attack kills 50 in Northeast Nigeria

  Bloomberg At least 50 people were killed in a suicide blast in a northeastern Nigerian town, the deadliest mosque bombing in three years by suspected Boko Haram militants. The teenage male assailant entered a mosque in the town of Mubi strapped with improvised explosives and detonated them as people gathered at dawn for prayers, Adam-awa state police spokesman Othman Abubakar ...

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• 22 November

  Key ally to S Africa’s ANC seeks to limit president’s powers to reshuffle cabinet

  

  Bloomberg The Congress of South African Trade Unions is seeking to alter the balance of power in its alliance with the ruling African National Congress and wants the party to change its constitution to limit the president’s power to reshuffle the nation’s cabinet. “The ANC constitution must be amended to tell the president of the ANC what he can do,” ...

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