September, 2017

• 26 September

  US sees ‘four or five’ ways to resolve North Korean crisis

  

  Bloomberg The US has gamed out four or five different scenarios for how the crisis with North Korea will be resolved, and “some are uglier than others,” National Security Adviser H.R. McMaster said as tensions remain high between the two countries. While McMaster said the threat from Pyongyang is “much further advanced” than anticipated and the Pentagon said the president ...

  Read More »
• 26 September

  Corbyn says it’s right to plan for run on pound if Labour wins

  

  Bloomberg UK Labour leader Jeremy Corbyn agrees with finance spokesman, John McDonnell: The main opposition party should prepare for a run on the pound and capital flight from Britain should it take power. “John is right to look at all these scenarios because if we’re going to move into government we need to know what we’re going to do,” Corbyn ...

  Read More »
• 26 September

  Iraq Kurds await backlash after ‘vote’

  

  Bloomberg Millions of Iraq’s Kurds voted in an historic referendum on independence on Monday, defying the dire warnings from neighbors as well as the government in Baghdad—who must now decide how far to retaliate to an expected landslide in favour of secession. Though the ballot was limited to areas under the control of the semi-autonomous Kurdistan Regional Government in northern ...

  Read More »
• 26 September

  Brexit no deterrent as Italians, Greeks still seek jobs in UK

  Bloomberg No matter what Brexit might have in store for foreigners, the UK remains a powerful magnet for youth from Italy and Greece looking for a job and a better future. It’s less so for their peers in Spain and Portugal. That’s according to the latest data on the UK national insurance number from the London-based Office for National Statistics ...

  Read More »
• 26 September

  Merkel’s tainted victory betrays a ‘dark past’ stalking Europe

  

  Bloomberg The surge in support for Germany’s anti-immigrant party in weekend elections is a stark reminder of the fault line that cuts through the European Union. Chancellor Angela Merkel starts a fourth term with her victory tainted by the far-right AfD entering parliament for the first time after a particularly strong showing in former East Germany. Next door, the Czechs ...

  Read More »
• 26 September

  JetBlue to US: Reject Boeing in Bombardier trade dispute

  

  Bloomberg JetBlue Airways Corp. is urging US regulators to reject Boeing Co.’s fair-trade complaints against Bombardier Inc. as the New York-based airline considers adding new planes to its fleet. Boeing’s claim that Bombardier sold its C Series jets in the US at less than fair value thanks to Canadian government subsidies presents “a threat to JetBlue’s ability to continue to ...

  Read More »
• 26 September

  In-flight Wi-Fi to make airlines earn ‘$4 more’

  

  Bloomberg Each airline passenger will be worth $4 more per flight to carriers once they’re able to offer uninterrupted broadband services, according to a study commissioned by satellite-communications provider Inmarsat Plc. In-flight connectivity should generate $30 billion for airlines by 2035 out of an overall market of $130 billion including technology providers and related companies, the report compiled by the ...

  Read More »
• 26 September

  Target to raise hourly wage to $11 in October

  

  Bloomberg Target Corp. is giving thousands of its employees a pay raise next month, hoping to stay ahead of Wal-Mart Stores Inc. and other rivals in the war for talent. The retailer announced plans to boost its minimum hourly wage to $11 an hour in October. Target will later up the rate to $15 by the end of 2020. The ...

  Read More »
• 26 September

  Russian retailer backed by Brooklyn Nets billionaire weighs IP0

  

  Bloomberg Obuv Rossii, a Russian shoe retailer backed by billionaire Brooklyn Nets owner Mikhail Prokhorov, is seeking to raise as much as $120 million in an initial public offering, according to a person familiar with the matter. The company may offer a stake of as much as 40 percent on the Moscow Exchange in October and use the proceeds to ...

  Read More »
• 26 September

  Europe could attract $417 billion with higher wind-power target

  

  Bloomberg Europe’s wind power industry may attract 351 billion euros ($417 billion) of investment by 2030 if countries adopt reforms and targets for their energy systems in the next year, trade association WindEurope said. The European Union may create 716,000 jobs with a target for member states to produce 35 percent of their energy from renewables within 12 years, the ...

  Read More »