September, 2016

• 24 September

  Leung vows more land for low-income housing

  

    Bloomberg Hong Kong Chief Executive Leung Chun-Ying pledged to provide more land to build apartments for low-income people in a bid to lower housing prices in the world’s least-affordable city. Only a small portion of Hong Kong’s 11 million square kilometers (6.8 million square miles) of land has been developed, and is the reason housing is expensive and land ...

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• 24 September

  China’s Li calls for ‘win-win’ cooperation with Canada

  

    Montreal / AFP Chinese Premier Li Keqiang called for strong relations with Canada as he wrapped up a three-day visit to the important trading partner. “We have no excuses,” Li told a Canadian-Chinese business council in Montreal. “China and Canada must have win-win cooperation.” Canadian Prime Minister Justin Trudeau and Li announced on Thursday an agreement to begin talks ...

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• 24 September

  Hundreds of recalled Takata airbag parts ruptured in testing

  

    Bloomberg Hundreds of Takata Corp. airbag inflators pulled from cars in the auto industry’s biggest recall later ruptured in testing, showing the potential risks to drivers. Documents released Friday by the National Highway Traffic Safety Administration (NHTSA) reveal that of 245,000 recalled airbag inflators pulled from cars and tested, 660 ruptured. As many as 15 deaths worldwide have been ...

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• 24 September

  Indian court issues arrest warrant for Malaysian billionaire

  

    Bloomberg An Indian court issued arrest warrants for Malaysian billionaire T. Ananda Krishnan and Ralph Marshall, deputy chairman at Krishnan-controlled Astro All Asia Networks Plc, in connection with an investigation into alleged phone-license corruption. Krishnan controls Malaysia’s Maxis Group. A court in New Delhi said on Saturday it will split the matters into separate cases for allegations against Krishnan ...

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• 24 September

  Indian IPOs’ finance fetish will keep investors seduced

  

    Bloomberg Six years ago, India’s biggest share sale was in commodities. Now, as the IPO market heats up again, the key to investors’ hearts lies in finance. ICICI Prudential Life Insurance’s float has attracted strong demand, drawing orders of 10.5 times the amount of stock available to raise as much as 60.6 billion rupees ($909 million). It’s the nation’s ...

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• 24 September

  Five killed in US mall shooting, gunman flees

  

    Los Angeles / AFP Police were searching on Saturday for a gunman who killed five people during a shooting at a mall in the US state of Washington, amid a raging national debate over gun control. Four women and one man were killed, police said in an updated toll. The man had been taken to hospital with life-threatening injuries, ...

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• 24 September

  7 face death for killing officer in Egypt

    Cairo / AFP An Egyptian court on Saturday sentenced seven men to hang for killing a police general in the unrest following the 2013 military overthrow of president Mohamed Morsi. It was the defendants’ second trial, after having won an appeal against an initial sentencing. They can appeal one last time. General Nabil Farag was shot dead in September 2013 ...

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• 24 September

  North Korea air show thumbs nose at sanctions

  

    Wonsan / AFP Just weeks after carrying out its fifth nuclear test, North Korea put on an unprecedented civilian and military air force display on Saturday at the country’s first ever public aviation show. The two-day Wonsan International Friendship Air Festival was held at the newly refurbished Kalma Airport — previously a military airfield — completed last year to boost ...

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• 24 September

  Obama vetoes 9/11 lawsuit bill

  

    Washington / AFP President Barack Obama vetoed a bill allowing 9/11 families to sue Saudi Arabia, risking a fierce public backlash and rare congressional rebuke. While expressing “deep sympathy” for the families of the victims, Obama said the law would be “detrimental to US national interests.” The White House tried and failed to have the legislation — which was unanimously ...

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• 24 September

  Wounded Merkel meets Balkan leaders over migrants

  

    Vienna / AFP German Chancellor Angela Merkel, stung by several setbacks at the ballot box over her refugees policy, was due in Vienna on Saturday for potentially tense talks with the leaders of countries along the Balkan migrant route. They include Prime Minister Victor Orban of Hungary who has been sharply critical of Merkel’s “open-door” policy, Prime Minister Alexis Tsipras ...

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