August, 2017

• 26 August

  Infosys chairman Nilekani seeks to calm tumult

  

  Bloomberg Infosys Ltd. Chairman Nandan Nilekani moved to reassure investors and employees after a dramatic coup by the firm’s founders this week in which they ousted four directors and took back control of the troubled Indian IT company. “I want to put this company on the right stable path,” Nilekani, 62, said. “I plan to be here as long as ...

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• 26 August

  ‘Lee’s sister to head Samsung’

  Bloomberg Speculators thinking Lee Jae-yong’s sister, Lee Boo-jin, could take the family mantle, are making a bet Samsung will stray from the tradition of male-dominated succession at the country’s chaebol. But Samsung has broken away from tradition to better the business before and Boo-jin already advises and owns 5.5 percent of holding company Samsung C&T Corp. She’s also proven her ...

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• 26 August

  Harvey hits US oil hub with strong winds, torrential rain

  

  Bloomberg Harvey became the strongest hurricane to hit Texas in more than 50 years, making landfall in the heart of the US energy sector and bringing the danger of a life-threatening storm surge. Harvey came ashore as a Category 4 storm between Port Aransas and Port O’Connor, Texas, packing gusts strong enough to strip the roof off houses and menacing ...

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• 26 August

  Maduro calls for bondholders meet after US sanctions

  

  Bloomberg President Nicolas Maduro summoned holders of Venezuelan bonds to a meeting with Economy Minister Ramon Lobo next week to discuss the effects of US sanctions aimed at sovereign and state oil company debt. US-based holders of Venezuela bonds will be hurt the most by the sanctions, Maduro said. President Donald Trump “burned the bonds in their hands” by trying ...

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• 26 August

  Schulz says Merkel has ‘unsettled’ Europe

  Bloomberg German Social Democratic challenger Martin Schulz returned to his European Union roots in a speech to several thousand supporters in Frankfurt, accusing Angela Merkel of souring relations with EU allies and being unacceptably vague on plans for euro-area integration. Speaking on the German financial capital’s Roemerberg square in the shadow of the financial capital’s medieval city hall, the former ...

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• 26 August

  N Korea launches 3 short-range ballistic missiles

  

  Bloomberg North Korea fired three short-range ballistic missiles on Saturday morning, a move that came after Kim Jong Un’s regime strongly criticized US-South Korea joint military drills. US Pacific Command said afternoon that two of the missiles flew 250 kilometers (155 miles), clarifying an earlier statement that an initial assessment had indicated they failed in flight. The other appeared to ...

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• 26 August

  Iraqi forces capture Tal Afar centre from IS

  

  TAL AFAR / Reuters Iraqi forces have dislodged IS from 70 percent of Tal Afar, a stronghold of the militants in northwestern Iraq, including its central citadel neighborhood, officials and military commanders said on Saturday. “Seventy percent of the city has been liberated…. God willing, the remaining part will be liberated soon,” Iraqi Foreign Minister Ibrahim al-Jaafari said at a ...

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• 26 August

  ‘N-inspectors should have access to Iran military bases’

  

  UNITED NATIONS / Reuters US Ambassador to the United Nations Nikki Haley pressed the International Atomic Energy Agency to seek access to Iranian military bases to ensure that they are not concealing activities banned by the 2015 nuclear deal. “I have good confidence in the IAEA, but they are dealing with a country that has a clear history of lying ...

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• 26 August

  Yemen air raid kills 12

  DUBAI / Reuters An air raid struck a building in Yemen’s capital, killing at least 12 people, six of them children, when an adjacent apartment block collapsed, residents said. The International Committee of the Red Cross (ICRC) denounced the loss of life as outrageous and put the death toll in the early morning attack on the Faj Attan area of ...

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• 26 August

  Apple cuts Iran-made apps from store over sanctions

  

  Bloomberg On a Saturday in mid-August, Iranian entrepreneur Mehdi Nayebi received an email from Apple Inc.’s App Store Review stating that his application, AloPeyk, a delivery service in Tehran, had been removed due to sanctions put in place by the US government. He wasn’t the only one. About a dozen other Iran-focused apps, including Delion Foods, a meals delivery startup, ...

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