September, 2017

• 23 September

  UK concerned by reports of Iran missile test: Johnson

  

  Bloomberg UK Foreign Secretary Boris Johnson said he is “extremely concerned” by reports that Iran tested a missile, saying the action was inconsistent with United Nations resolutions. He urged the nation to halt “such provocative acts.” Johnson made comments on his Twitter account, after Press TV reported that Iran had successfully test-fired a new ballistic missile. The missile was unveiled ...

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• 23 September

  US mulls replacing travel ban with new restrictions

  

  Bloomberg President Donald Trump is weighing replacing his ban on travellers entering the US from six predominantly Muslim nations with a set of more specific and tailored restrictions based, in part, on how much information countries share with the US. The Department of Homeland Security has sent Trump recommendations for entry restrictions and additional visa requirements based on shortcomings in ...

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• 23 September

  PM May ends impasse in Brexit speech

  

  Bloomberg Britain and the European Union are set to resume Brexit negotiations next week after UK Prime Minister Theresa May broke the stalemate in the hope that the real arguments can now begin. In a major speech that drew guarded praise from Brussels, May signalled for the first time that she’ll be ready to discuss the amount of money the ...

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• 23 September

  Boeing lands $11bn 787 deal from resurgent Turkish Air

  

  Bloomberg Turkish Airlines said it intends to purchase 40 of Boeing Co.’s 787-9 Dreamliners, a long-awaited deal that signals the carrier’s rebound following a terrorist attack on its Istanbul hub last year. When finalised, the order would be valued at almost $11 billion before the customary discounts for large aircraft purchases. The pact, unveiled during a brief signing ceremony in ...

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• 23 September

  Lufthansa, EasyJet to buy Air Berlin assets

  

  Bloomberg Deutsche Lufthansa AG and EasyJet Plc were selected as the preferred bidders for the main assets of insolvent Air Berlin Plc, handing both airlines a rare chance to rapidly expand in Europe’s biggest economy. The creditors’ committee will continue talks with the two carriers until October 12 with the aim of selling Air Berlin’s transport assets, the company said ...

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• 23 September

  UK retail sales rise more than forecast

  

  Bloomberg UK retail sales rose in August at their fastest pace in four months, providing further evidence of a tentative pickup in consumer spending. The quantity of goods sold in stores and online increased 1 percent from July, as did sales excluding auto fuel, the Office for National Statistics said. The increase far exceeded the median forecast of economists and ...

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• 23 September

  Inside Jeff Bezos’ $5 billion bet that Amazon.com can win India

  

  Bloomberg It’s mere weeks to the festival of Diwali, the season of lavish, reckless consumption, and in a cavernous warehouse minutes from the Hyderabad airport, hundreds of workers are furiously sorting mountains of everyday items. There are sunglasses and shaving creams, sewing machines, vegetable slicers and microwave ovens, all lined up by Amazon.com Inc. to sate the shopping frenzy that’s ...

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• 23 September

  Russia remains open to longer OPEC cuts, while mulling exit plan

  

  Bloomberg Russia signaled that it would be willing to prolong the production cuts it agreed with OPEC beyond the first quarter of next year if needed, while also making clear its commitment to the deal wasn’t open ended. It was too early to talk about the specific details of extending the oil-output pact at a meeting with fellow producers in ...

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• 23 September

  India’s coal plants run at 3-year high on hydropower, nuclear

  

  Bloomberg India’s coal-fired power plants in August ran at a three-year high amid shortages created by lower generation from hydropower and nuclear. Plant utilization at coal-fired stations rose to 58% last month, compared with 51.6% a year ago, power ministry data released this week show. That’s the highest rate for August since 2014, according to data compiled by Bloomberg. Lower ...

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• 23 September

  Imposing solar tariffs may cost US taxpayers $1.23bn

  

  Bloomberg Imposing tariffs on solar components imported into the US will drive up prices for solar developers. It could also cost U.S. taxpayers as much as $1.23 billion. The US offers incentives to encourage people to use clean energy, paying owners of solar-power systems a tax credit equal to 30 percent of the total installation costs. More expensive panels leads ...

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