June, 2016

• 13 June

  Renewables will top gas as America’s biggest power producer in 2031

  

    Bloomberg Renewables will overtake natural gas as the dominant source of electricity generation in the U.S. in 2031, even without subsidies as wind and solar costs plunge, a Bloomberg New Energy Finance analysis showed. This U.S. shift will be driven by $745 billion in investments in renewables through 2040, outstripping the projected $95 billion that will be spent on ...

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• 13 June

  Oil extends losses as US rigs drilling for crude rise

  

    Bloomberg Crude fell a third day after the number of rigs drilling for oil in the U.S. rose for a second week. Futures fell as much as 1.8 percent in New York after dropping 4.2 percent in the previous two sessions. Rigs targeting crude in the U.S. rose by 3 to 328 last week, capping the longest run of ...

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• 13 June

  Sweetened offer to help avert strike: Colombia miners

  Bloomberg The main union at South32 Ltd.’s Cerro Matoso mine in Colombia, the world’s second-biggest source of ferro-nickel production, said there’s a greater chance of reaching a three-year wage agreement and avoiding a strike after management sweetened its offer. Cerro Matoso is offering workers a 7 percent raise this year, plus inflation-linked increases in 2017 and 2018. The proposal is ...

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• 13 June

  Canada unemployment hits lowest since July on full-time jobs

  

    Bloomberg Canada’s jobless rate unexpectedly fell in June to the lowest in a year as full-time work increased and people left the workforce. The unemployment rate fell to 6.9 percent in May from 7.1 percent in April, Statistics Canada said from Ottawa. Economists surveyed by Bloomberg predicted the rate would rise to 7.2 percent. Employers added 60,500 full-time jobs, ...

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• 13 June

  Orlando massacre shows chinks in USA anti-terrorism strategy

  

    Bloomberg The FBI let the Orlando mass-shooting suspect slip through its grasp despite interviewing him twice since 2013 due to a lack of evidence to hold him, a troubling fact that will pressure officials struggling to detect lone terrorists without eroding basic civil liberties. The FBI is investigating Sunday’s killing spree at a nightclub in Orlando, Florida, as an ...

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• 13 June

  US Muslim leader condemns attack, slams extremists

  

    Washington / AFP The head of a prominent US Muslim advocacy group strongly condemned the nightclub massacre in Florida, calling members of the IS group an “aberration” amid allegations the gunman was inspired by the extremists. Nihad Awad, executive director of the Council on American-Islamic Relations, also called for unity and urged politicians not to “exploit” the slaughter in ...

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• 13 June

  Massacre thrusts terror threat into American presidential race

  

    Bloomberg White House hopeful Donald Trump appeared bent on exploiting massacre in Orlando to boost the argument that he can be trusted to tackle terrorism over rival Hillary Clinton. With many victims of the carnage yet to be identified, and police still probing the suspected extremist’s ties of the slain gunman, Trump wasted no time in harnessing the assault ...

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• 13 June

  Cameron relies on Labour to avert Brexit

  

    Bloomberg Prime Minister David Cameron turned to his traditional rivals in the opposition Labour Party to win over undecided voters with just 10 days to stop Britain from voting to leave the European Union. Gordon Brown, who was ousted by Cameron in 2010, was to make the case to stay in the 28-nation bloc, and other media interventions have ...

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• 13 June

  Gunmen kill 2, wound 6 at Mexico baseball game

    Puebla / AFP Two people were killed and at least six others seriously wounded in Mexico when armed men opened fire on players and spectators at an amateur baseball game, authorities said. The attorney general’s office in the state of Puebla said the attack occurred on Sunday in the town of Acatzingo, 170 kilometers (105 miles) from Mexico City. ...

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• 13 June

  Swiss National Bank braces for Brexit tsunami

  

    Bloomberg If Thomas Jordan finds himself in the midst of a foreign-exchange tsunami this month, it won’t be of his own making. In January 2015, the Swiss National Bank shook markets when it gave up its cap on the franc. Now central bankers the world over are casting a nervous eye toward London amid fear the UK’s departure from ...

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