October, 2017

• 15 October

  Tesla fires workers in wake of annual performance evaluations

  

  Bloomberg Tesla Inc. has fired an undetermined number of employees following a series of performance evaluations after the company significantly boosted its workforce with the purchase of solar panel maker SolarCity Corp. The departures are part of an annual review, the Palo Alto, California-based company said in an email, without providing a number of people affected. The maker of the ...

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• 15 October

  N Korea ready for missile test any time as drill approaches

  

  Bloomberg South Korean military officials are readying for another possible missile launch by Pyongyang as they prepare for a joint military drill with the US on the disputed peninsula this week. Multiple South Korean media reports citing unidentified military officials on Saturday and Sunday said North Korean missile vehicles “kept appearing and disappearing” from the map and “transporter erector launchers” ...

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• 15 October

  ‘Lawmakers can stop no-deal Brexit’

  Bloomberg Lawmakers in the UK House of Commons are holding cross-party talks in a bid to stop Prime Minister Theresa May from leaving the European Union without a trade deal, the main opposition Labour Party’s finance spokesman said. “It’s not going to happen,” John McDonnell told BBC Television’s “Andrew Marr Show” on Sunday. “I don’t think there’s a majority in ...

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• 15 October

  Merkel’s party suffers defeat in state ballot

  

  Bloomberg German Chancellor Angela Merkel’s Christian Democratic Union suffered a defeat on Sunday in Volkswagen AG’s home state in a contest that underscored her party’s weakened position as she begins potentially laborious talks to form her next national government. Three weeks after Merkel’s CDU won the federal ballot, her party posted its worst result in Lower Saxony since 1959 and ...

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• 15 October

  Venezuela regional elections look to weaken Maduro

  

  Bloomberg Venezuelans began vote in 23 governors races on Sunday, with opponents of President Nicolas Maduro widely expected to deal a blow to the ruling socialist regime by taking leadership in states long dominated by the government. Maduro, heir to the office held by strongman Hugo Chavez, called elections to release tensions after months of bloody protests, and to dispel ...

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• 15 October

  Austria shifts to right in poll that empowers nationalists

  Bloomberg Austrian voters gave 31-year-old conservative Sebastian Kurz a mandate to form a new government in an election on Sunday, setting up a potential coalition with the nationalist Freedom Party, according to projections based on partial returns. Kurz’s People’s Party took as much as 31 percent of the vote, with the Freedom Party polling as much 27.6 percent, according to ...

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• 15 October

  Syrian town struggles to cope alone after victory over IS

  

  KOBANI / Reuters Almost three years after Kurdish fighters defeated IS in the Syrian town of Kobani, residents still mourn the dead and feel abandoned by their foreign allies as they struggle to rebuild. IS’s defeat in predominately Kurdish Kobani in early 2015 helped turn the tide against the ultra-militant group and marked the start of a more open US ...

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• 15 October

  Trump is turning and turning in a widening gyre

  

  With eyes wide open, Mike Pence eagerly auditioned for the role as Donald Trump’s poodle. Now comfortably leashed, he deserves the degradations that he seems too sycophantic to recognize as such. He did Trump’s adolescent bidding with last Sunday’s pre-planned virtue pageant of scripted indignation — his flight from the predictable sight of players kneeling during the national anthem at ...

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• 15 October

  Economic slowdown reflects an investment in India’s future

  

  India is an emerging market standout. The country was one of only a handful of large economies marked down in forecasts from the International Monetary Fund (IMF) this week. India’s GDP is expected to rise 6.7% this year, compared with a previous projection of 7.2%. Next year’s estimate was also lowered. Midway through their term, Prime Minister Narendra Modi and his ...

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• 15 October

  China prices for perfection with dollar bond awaited

  The state of the union is strong in China. The nation not only holds $1.1 trillion of US debt, it’s also able to issue bonds, in dollars, at the same price as Treasuries. The Ministry of Finance announcement this week that it plans to sell $2 billion of dollar bonds marks China’s first offering in that currency since 2004. The ...

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