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Bloomberg Indonesia’s state power producer PT Perusahaan Listrik Negara reported a failure in one of its transmission grids, causing massive blackouts in areas on main island of Java. The breakdown has caused disruptions in Greater Jakarta, as well as parts of West and Central Java, the company said in a statement on Sunday. Subway and commuter line operators in Jakarta, ...

Bloomberg South Korean Prime Minister Lee Nak-yon on Sunday urged Japan to correct its “reckless and risky” decision to curb exports to the country, saying that the international community is concerned about security in Northeast Asia after the latest developments. Japan is carrying out an “economic attack” against South Korea after deliberately dismissing diplomatic discussions with the country as well ...

Bloomberg The latest tariff move by the US has “seriously breached” the truce that Presidents Donald Trump and Xi Jinping agreed in Japan in late June and isn’t doing any good to trade talks, according to a People’s Daily commentary. “It deviates from the correct track and is not conducive to solving the problem,” the paper, mouthpiece of the Communist ...

Bloomberg India’s coal ministry is preparing a plan to cut imports of the fuel by at least a third over the next five years, counting on an increase in domestic production and a jump in renewable output, according to people familiar with the plan. Imports are seen falling to below 150 million tons by the year ending March 2024, down ...

Bloomberg Warren Buffett’s distaste for overpaying is winning out over his frustration with sitting on a lot of cash. With stocks at record highs, Berkshire Hathaway Inc. sold $1 billion more worth of stocks than it bought last quarter, its biggest net selling since the end of 2017. Buffett spent last year building a massive stake in Apple Inc. and ...

Bloomberg From his humble beginnings setting up a one-man law firm in Warsaw, Jacek Czabanski has become a crusader for Poland’s struggling mortgage holders, fighting a battle that stands to reshape the country’s powerful banking industry. Since 2015, Czabanski has been busy building a case for several hundred mortgage holders who have sued their banks for what they say are ...

Bloomberg The Trump administration is considering releasing a health care plan next month to counter the push by some 2020 Democratic candidates for a Medicare for All program, Dow Jones reports, citing people familiar with the discussions that it didn’t identify. The plan could include a guarantee to maintain coverage for people with pre-existing conditions, as well as efforts to ...

Bloomberg Uber Technologies Inc. expects to only be given another short-term license to operate in London when its current permit to operate there ends towards the end of next month, Sky News reported. The company has little chance of securing a longer term five-year agreement for the UK capital, according to report. London is one of Uber Technologies’s most successful ...

Bloomberg Ireland’s biggest companies are getting a taste of the pain that could come from the UK crashing out of the European Union without a deal. Amid the deepening impasse over how to deal with the Irish border, the country’s ISEQ All-Share Index has been the worst performing benchmark in Europe, the Middle East and Africa since Boris Johnson became ...

Texas / WAM A man armed with a rifle opened fire at a Walmart store in El Paso, Texas, killing 20 people and wounding 26 others as panicked shoppers and employees scurried for cover before the gunman surrendered to police at the scene, Reuters has reported. Many shoppers in the busy store were buying back-to-school supplies when they found themselves ...