Bloomberg Consumer spending in Miami and Fort Lauderdale plunged more than 57 percent from a year earlier as Hurricane Irma caused residents to evacuate or take shelter, according to a report from First Data Corp. Information released by the Atlanta-based company, which tracks shopping activity through the transactions it processes, shows consumption peaked September 5 and then cratered September 8, ...
Read More »Welsh company IQE up 300% on Apple speculation
Bloomberg Could a Cardiff, Wales-based wafer company be the next big thing for UK technology investors? Investors trying to sniff out hidden Apple Inc. suppliers are betting on it, sending the shares of IQE Plc up more than 300 percent this year. The company is the second-best performer in the FTSE AIM 100 Index year-to-date and has also beaten every ...
Read More »Johnson faces backlash for his ‘Brexit article’
Bloomberg ÂÂÂÂÂÂÂÂÂÂÂÂÂÂÂ UK lawmakers called for Foreign Secretary Boris Johnson to be fired after he threw himself back into the Brexit debate with a newspaper article that was seen as undercutting Prime Minister Theresa May days before she is set to refresh her own strategy for the split. Writing in the Daily Telegraph a day after a failed bomb attack ...
Read More »Hamas says ready to work with Palestinian authority on Gaza
Bloomberg The Gaza Strip’s militant Hamas rulers said they were ready to take key steps meant to allow the reunification of the rival Palestinian governments. The group said it agreed to dismantle the administrative committee that runs Gaza and hold nationwide elections. It asked the West Bank-based government of Palestinian Authority President Mahmoud Abbas to return to Gaza, which Hamas ...
Read More »Hurricane Jose churns towards US Northeast
Bloomberg Hurricane Jose churned towards the US Northeast and could cause swells along the coast by midweek, according to the National Hurricane Center, while Norma is aiming for Mexico’s Baja California and a new system is gathering strength in the Caribbean as a busy tropical weather season grinds on. Jose was about 675 kilometres south-southeast of Cape Hatteras, North Carolina. ...
Read More »UK police arrest second suspect in train blast as probe widens
Bloomberg The UK arrested a second suspect in connection with the blast on a commuter train as London’s counter-terrorism police widened their investigation into the attack that injured at least 30 people. The UK threat level remained at critical. Police arrested a 21-year-old man in Hounslow, southwest London, late Saturday, the Metropolitan Police said in a statement. He was being ...
Read More »Abe seen poised to call snap general election
Bloomberg Japanese Prime Minister Shinzo Abe may hold a snap general election next month, local media reported, a move that would allow him to seize on opposition disarray and growing support for his handling of the North Korea crisis. Abe appears increasingly inclined to call an election amid a recovery in public support following a spate of scandals, public broadcaster ...
Read More »Ex minister returns to support Najib’s govt
Bloomberg A former Malaysia government minister who shifted allegiance to the opposition has returned to the ruling party, according to Prime Minister Najib Razak. Muhammad Muhammad Taib, known as Mat Taib, is rejoining the United Malays National Organisation from the People’s Justice Party, or PKR, Najib told. Local reports earlier in the day said a “major announcement†would be made, ...
Read More »Down $20bn, Boeing stuffs pension fund with its shares
Bloomberg Like so many companies in America, Boeing Co. has largely neglected the gaping deficit in its employee pension as it doled out lavish rewards to shareholders. What’s raising eyebrows is how it plans to shore up the retirement plan. Last month, Boeing made its largest pension contribution in over a decade. But rather than put up cash and lock ...
Read More »Ryanair cancels 82 flights, seeks to clear pending ‘crew vacation’
Bloomberg Ryanair Holdings Plc scrapped 82 flights on Sunday, the start of a six-week programme of cancellations it’s making as it seeks to reduce a backlog of crew vacation required by Irish regulators before the end of the year. “We have messed up in the planning of pilot holidays and we’re working hard to fix that,†Kenny Jacobs, Ryanair’s chief ...
Read More »