US factory job losses send new warning to Trump on trade war

Bloomberg President Donald Trump lauded a tight labour market as the unemployment rate hit a 50-year low. He didn’t mention job losses appearing in manufacturing, a key industry for his base of supporters. Total payrolls at factories contracted by about 2,000 in September, when economists had expected a 3,000 gain. The data was released as part of the monthly jobs ...

Read More »

Google joins Ivanka Trump vow to train workers

Bloomberg Google Chief Executive Officer Sundar Pichai announced that the internet-search giant is signing on to presidential daughter and senior adviser Ivanka Trump’s pledge to train American workers. At an event in Dallas, Pichai said Google planned to provide training for 250,000 workers over the next year and provide a $3.5 million education grant. The Alphabet Inc unit will offer ...

Read More »

Chevrolet sends convertible Corvette into market headwinds

Bloomberg The 2020 Chevrolet Corvette Convertible, which debuted at the Kennedy Space Center in Florida, is the first Vette in history to have a hard, retractable roof, rather than one made of canvas. The hardtop on the new mid-engine Corvette Stingray Convertible folds seamlessly into the body, maintaining the fighter jet-inspired lines of the coupe version, providing a quieter cabin, ...

Read More »

North Korea says nuclear talks broke down, but US disagrees

Bloomberg North Korea said it’s not keen to hold more talks with the US until measures are taken to withdraw Washington’s “hostile policy” towards Pyongyang, South Korea’s Yonhap News Agency reported. The US was using the latest talks in Stockholm for the benefit of its domestic politics, the Yonhap report said, citing a statement from the North Korean foreign ministry. ...

Read More »

Australia rejects US plea for Iranian student extradition

Bloomberg Australia has rejected a US extradition request for an Iranian student who had been accused of conspiring to smuggle electronic military devices to his homeland. “I considered that, in all the circumstances of this particular case, Mr Dehbashi Kivi should not ultimately be extradited to the United States,” Attorney-General Christian Porter said in a statement, the same day Iran ...

Read More »

Tunisia’s parties seek rebound in parliamentary vote

Bloomberg Tunisians went to the polls on Sunday with the major political parties looking to rebound from their defeat by outsiders in last month’s presidential vote by securing a strong position in the powerful parliament. Choosing the 217-member assembly has traditionally been the principal election in the North African country since its 2011 uprising ushered in democracy. But the shock ...

Read More »

Trump impeachment fight lurks

Bloomberg Even before the prospect of impeaching Donald Trump arose, the US Supreme Court term that opens on Monday was going to thrust the justices into the nation’s political wars in the run-up to next year’s election. In its first full term with two Trump appointees, the court is planning to hear fights over deportation protections and gun regulations. The ...

Read More »

France to step up intel screening after attack

Bloomberg France will take steps to improve screening after a suspected terrorist attack in Paris in which a police employee knifed four colleagues to death and hurt two more, raising questions about national security. The government will set up two task forces to make proposals by the end of the year to improve screening at the Paris police department intelligence ...

Read More »

IndusInd, hit by India’s shadow bank stress, says worst is over

Bloomberg IndusInd Bank, which saw a fifth of its market value wiped out over the past week on concern about its creditors, says the crisis of confidence engulfing India’s financial system is fading away. Outstanding loans to overstretched borrowers dipped at the Mumbai-based bank last quarter, lenders including IndusInd are working to resolve defaults at Dewan Housing Finance Ltd, and ...

Read More »

RBA tells banks not to be strict after rates cut

Bloomberg Australia’s central bank joined the government in warning lenders not to be too strict when assessing borrowers, fearing such caution could dent an already slowing economy. “It is important that banks are not overly cautious in the implementation of current lending policies,” the Reserve Bank of Australia said in its Financial Stability Review. “Lending always entails a degree of ...

Read More »
Send this to a friend