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Bloomberg Hurricane Dorian menaced the US East Coast with devastating flooding and winds, lashing Florida after laying waste to the Bahamas in a brutal two-day battering that caused damage that may cost the islands billions of dollars. The centre of the Category 2 hurricane was located about 90 miles (145 kilometres) east of Daytona Beach, Florida, with maximum sustained winds ...

Bloomberg Electrolux AB has revamped its marketing message, stealing a page from fellow Swedish brands Volvo Cars and Ikea that highlight progressive Nordic values like sustainability, safety and simplicity. The fresh approach coincides with a renewal of Electrolux’s lineup of stoves, refrigerators and other appliances, as well as trade and tariff turmoil that’s forced the 100-year-old company to raise prices. ...

Bloomberg The UK may be on course for its first recession since the financial crisis after Brexit uncertainty pushed down the nation’s dominant services industries more than expected. Growth in the sector almost stalled last month, IHS Markit said as it published its Purchasing Managers Index on Wednesday. With similar surveys indicating the nation’s manufacturing and construction industries are in ...

Bloomberg Angela Merkel’s government aims to phase out herbicides containing glyphosate by the end of 2023, a move that could generate further headwinds for German drug and chemical giant Bayer AG. As part of the proposal approved by her cabinet on Wednesday, the government intends to oppose any request for the EU to renew the license to produce the weedkiller, ...

Bloomberg Hong Kong’s embattled leader, Carrie Lam, formally withdrew legislation to allow extraditions to China, a political retreat that may help ease — but not end — months of unrest in the Asian financial hub. Lam announced the move in a televised address on Wednesday, after a meeting with pro-establishment politicians including local legislators and the city’s representatives to national ...

Bloomberg Kelly Craft is expected to leave bombast to Donald Trump, swagger to Michael Pompeo and hard-line strategy to John Bolton when she takes her seat as US ambassador at the UN next week. In an administration known for its confrontations with both allies and adversaries, Craft, a wealthy Trump campaign contributor who previously served as envoy to Canada, has ...

Bloomberg Iran said it was unlikely to reach a much-anticipated agreement with Europe in time to avert another Iranian retreat from the limping nuclear deal, but gave European powers two more months to try to keep the accord alive. While president Hassan Rouhani said his country would unveil on Thursday further plans to ramp up its atomic activities, the extension ...

Bloomberg Contractors who run US detention centres for migrant children employed people who hadn’t completed background checks or didn’t meet educational requirements, potentially putting kids “at risk,” the health department’s internal watchdog said. More than half of shelters supervised by the Department of Health and Human Services allowed new employees to begin work without completing an FBI background check, a ...

Bloomberg UK Prime Minister Boris Johnson began moves to trigger a snap general election after suffering a humiliating defeat for his Brexit strategy that left his ruling party in tatters. A fresh poll to choose a new government would mark the climax of the political chaos that has engulfed Britain for the past three years since the country voted narrowly ...

A 15% tariff that went into effect September 1 on about $112 billion of goods imported from China will start pushing up prices of clothing, shoes and other consumer goods arriving at US ports this week. That should start taking a serious toll on shopping in the US. While 82% of intermediate inputs are already affected by tariffs, just 29% ...