Bloomberg India deployed airforce helicopters and teams from its navy to rescue passengers stranded aboard a train stalled by heavy rainfall and floods about 60 kilometers east of Mumbai. The Mumbai-Kolhapur Mahalaxmi Express was held up since 3 a.m. local time with 700 passengers on board, India Today reported. “Following the incessant rains over the last 24 hours in Mumbai ...
Read More »T-Mobile’s Sprint agreement faces trial with dubious states
Bloomberg States that sued to block T-Mobile US Inc’s acquisition of Sprint Corp signalled they aren’t giving up, even after the US antitrust regulator blessed the $26.5 billion deal. New York Attorney General Letitia James, who’s co-leading the lawsuit filed in June, cast doubt on the centerpiece of the companies’ settlement with the government: the sale of assets to Dish ...
Read More »Uber plans to start grocery delivery service in Europe
Bloomberg Uber Technologies Inc said it’s in discussions with European supermarkets to roll out a grocery delivery service as rivals Deliveroo and Just Eat Plc move to compete with the likes of Amazon.com Inc in the field. The ride-hailing company has spoken with the UK’s second-biggest grocer, J Sainsbury Plc, according to people familiar with the situation. The supermarket operator ...
Read More »Vodafone surges on possible tower IPO
Bloomberg Vodafone Group Plc shares gained the most in more than a decade on the phone carrier’s plan to carve out its towers business and consider an initial public offering or minority stake sale of the new unit. The stock rose as much as 10.4 percent, the biggest intraday jump since November 2008, after the carrier announced plans to separate ...
Read More »UK households get $500 boost in real incomes
Bloomberg British households received a $497 boost in the last financial year as a booming labour market lifted real incomes to a record high. The median income after inflation rose by 1.4 percent in the year through March to 29,400 pounds, the Office for National Statistics said. It followed a year in which living standards failed to grow for the ...
Read More »Aluminum giant sees trade war impact on use
Bloomberg The trade war between the US and China that’s clouded the global growth outlook will have a lasting negative effect on aluminum demand, Norsk Hydro ASA Chief Executive Officer Hilde Merete Aasheim said. The Oslo-based company pared its demand growth forecast for a second time this year, echoing the dimming outlook painted by top US producer Alcoa Corp. Russian ...
Read More »Trump, Guatemala sign deal to limit asylum claims in US
Bloomberg The US reached a deal with Guatemala to stop migrants from other parts of Central America from claiming asylum in the US, President Donald Trump said, and will instead force them to file a claim in Guatemala, a nation that one refugee advocacy group said is neither safe nor able to handle the task. Trump told reporters during a ...
Read More »Russian police detain opposition politician ahead of new protest
Bloomberg Russian authorities detained prominent opposition politician Ilya Yashin overnight and moved him to a Moscow suburb before a planned protest in the capital. Ten masked police officers transported him from his apartment to the city of Troitsk, Yashin said on his Facebook page. The move follows a series of raids on the homes of activists involved in promoting the ...
Read More »US to Russia: Release jailed Ukrainian sailors
Bloomberg The US called on Russia to release jailed Ukrainian sailors and enable a prisoner exchange, US State Department Special Representative Kurt Volker told reporters in Kiev. Russia seized three Ukrainian naval vessels and imprisoned their two dozen crew members in November, accusing them of violating its territorial waters. The incident occurred off the Crimean Peninsula, which Russia annexed from ...
Read More »New clashes in Hong Kong near site of Sunday’s battles
Bloomberg Hong Kong police and protesters fought pitched battles in the northern district of Yuen Long where demonstrators converged for a march after stick-wielding mobs attacked train commuters and demonstrators on Sunday. Riot police fired tear gas and pepper spray as demonstrators hurled projectiles at them and vandalised a vehicle. The protesters, mostly clad in black and some wearing protective ...
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