Bloomberg SNC-Lavalin Group Inc., the embattled engineering firm at the heart of Canada’s biggest political crisis in years, has been dealt another blow in Chile. Copper producer Codelco said that it cancelled a contract worth $260 million to build two new acid plants in the Chuquicamata mine. Montreal-based SNC has “seriously†and “repeatedly†breached aspects of its contracts, according to ...
Read More »UK reconsidering ban on billion-dollar scooter firms
Bloomberg The banning of e-scooters on British roads is being reconsidered after the UK government said it was opening “the biggest regulatory review in a generation†of current mobility laws, some of which date back to 1835. The government said that it wanted to start the process of modernising existing legislation, which was proving to be a barrier to innovation, ...
Read More »Lyft moves IPO roadshow as drivers protest
Bloomberg Disgruntled drivers showed up at the Omni hotel in San Francisco hoping to make their feelings known to the executives, bankers and potential investors at Lyft Inc.’s IPO roadshow meeting. No one was there. Lyft’s scheduled meeting was held at the Olympic Club instead. It had originally been planned for the Omni, according to a term sheet reviewed by ...
Read More »Israel launches strikes across Gaza after rocket hits house
Bloomberg Israel carried out dozens of airstrikes across the Gaza Strip, following a tense day that began with a rocket attack on a home in central Israel and a counterstrike that reduced the office of Hamas’s leader to ruins. Amid the escalation, both sides made preparations for the possibility of a broader confrontation. Israel moved troops closer to its southern ...
Read More »Syrian Kurds demand autonomy to merge with Assad’s army
Bloomberg Syrian Kurds will merge their forces into President Bashar al-Assad’s military if he agrees to grant them some measure of political autonomy, an envoy in Moscow said. The US-backed Syrian Democratic Forces can incorporate their fighters into Assad’s army “if there is agreement on a new constitution guaranteeing the rights of all peoples in Syria rather than keeping central ...
Read More »May staggers on as parliament seizes control of Brexit
Bloomberg The UK Parliament seized control of the Brexit process from PM Theresa May and will now seek to decide how Britain exits the European Union. In a vote, the House of Commons split 329 to 302 to schedule votes on a series of alternative strategies, potentially including a second referendum, keeping the UK in the bloc’s customs union, leaving ...
Read More »Thai polls mess pits ex-PM against generals
Bloomberg Thailand’s first election since the 2014 coup was always going to be messy. But it’s turning out to be even more chaotic than many observers expected, setting the stage for renewed tumult after five years of military rule. Election authorities have faced calls to resign for repeatedly delaying the full results and failing to account for mounting irregularities, including ...
Read More »Former Pakistan PM gets bail for six weeks
Bloomberg Former PM Nawaz Sharif, who is serving a seven-year jail term in a corruption case, got bail for six weeks to enable him to seek medical treatment for a heart condition. Pakistan’s Supreme Court Chief Justice Asif Saeed Khan Khosa in his verdict in Islamabad on Tuesday barred the ex-premier from seeking his treatment overseas, Khawaja Harris, Sharif’s lawyer ...
Read More »Mueller makes a normal election possible in 2020
Robert Mueller’s report is a gift to the nation, which now knows what was already a reasonable surmise: that its chief executive’s unlovely admiration for a repulsive foreign regime, Vladimir Putin’s, is more a dereliction of taste and judgment than evidence that he is under that regime’s sway. The report is an even larger gift to the nation because it ...
Read More »China’s hydrogen economy is coming
There was little excitement in the air when China’s State Council convened a press conference to announce and explain 83 revisions to the annual Government Work Report. A few equity investors paid attention anyway. Among the revisions was a proposal to promote the development and construction of fueling stations for hydrogen fuel-cell cars. Chinese punters were ready: In the first ...
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