Yahoo Finance's Oscar Williams-Grut has the latest from London.
Yahoo Finance's Oscar Williams-Grut has the latest from London.
Mitsubishi Heavy Industries Ltd (MHI) <7011.T>, Japan's biggest aerospace manufacturer, said on Friday it would freeze development of its SpaceJet regional jet to bolster other units after posting a 62.5% fall in second quarter operating profit. MHI on Thursday raised its operating profit forecast for the year to March 31 from zero to 30 billion yen (219.8 million pounds). It posted an operating profit of 12.7 billion yen in the quarter ended on Sept. 30, down from 33.9 billion yen a year ago.
In late July, volunteers from a Bangladeshi charity started getting calls seeking support from people from the country’s vast coastal region that had been flooded for months during this year’s monsoon. As the floodwaters started receding, the Bidyanondo Foundation quickly decided to hire a tourist boat to provide basic health care for those seeking aid. The country’s coast guards came forward with a route plan for the boat that was eventually turned into a floating hospital called "Jibon Kheya,” or lifeboat.
(Bloomberg) -- Gold climbed to trim a third monthly drop, the longest run since 2019, as investors awaited next week’s presidential election amid the threat of rising coronavirus cases and lack of agreement on a U.S. stimulus plan.Uncertainty remains high before the pivotal Nov. 3 vote, lifting the dollar’s appeal as a haven asset over bullion. The spread of Covid-19 is intensifying in the U.S. where new cases topped 86,000, setting a fresh daily record, and the pandemic is resurgent right across Europe’s major economies.Since hitting a record around $2,075 an ounce in August, gold’s advance has faltered, with prices losing their upward momentum as investors questioned whether bullion had risen too far, too fast. Still, holdings in exchange-traded funds remain close to an all-time high. The macro backdrop for gold remains favorable, and there could be more upside if Joe Biden wins the presidency and Democrats take control of the Senate, Standard Chartered Bank has said.“From now to the election, we suspect the precious metals will be highly volatile,” James Steel, chief precious metals analyst at HSBC Securities (USA) Inc., said in a note. “Increases in risk-off sentiment tend to buoy USD, which weakens gold and silver. But we think this will only go so far. With Covid-19 concerns rising and the election coming, we think gold and silver will remain volatile, but will garner more support from safe-haven demand.”Spot gold climbed 0.5% to $1,877.23 an ounce at 11:46 a.m. in Singapore, after posting the lowest close since Sept. 25 on Thursday. So far this month, it’s lost 0.5%. Silver rose 1.2%, platinum added 1.2% and palladium advanced 1%. The Bloomberg Dollar Spot Index fell 0.1% from a three-week high.On stimulus, there’s deadlock in the U.S. but the prospect of more action in Europe. Treasury Secretary Steven Mnuchin accused House Speaker Nancy Pelosi of pulling a “political stunt” by refusing to offer compromises. Meanwhile, European Central Bank President Christine Lagarde said there is “little doubt” policy makers will agree on a new package in December.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Individual time trial to kick off Spanish Grand Tour on August 14
The company mistakenly blocked pre-approved ads from both campaigns this week as part of its efforts to stem the spread of misinformation.
Many were Black Americans whose communities were disproportionately devastated by the virus. Omari Barksdale, a Black man, watched with alarm as the toll of the country's racial injustice mounted. Police shot and killed Breonna Taylor inside her Kentucky home, and a Minneapolis police officer pressed a knee into George Floyd's neck for nearly eight minutes as Floyd gasped, “I can't breathe,” in his final moments.
Even in midst of a deadly pandemic, the Viennese seek to look death straight in the eye -- an attitude on display at a morbidly humourous museum devoted to death and burial.
Will Dix became the CEO of Todd River Resources Limited (ASX:TRT) in 2018, and we think it's a good time to look at...
A multi-state coronavirus surge in the countdown to Election Day has exposed a clear split between President Donald Trump’s bullish embrace of a return to normalcy and urgent public warnings from the government’s top health officials. It's the opposite of what usually happens in a public health crisis, because political leaders tend to repeat and amplify the recommendations of their health experts, not short-circuit them. “It's extremely unusual for there to be simultaneous contrary messaging,” said John Auerbach, who heads the nonpartisan Trust for America's Health.
A petition demanding an inquiry into Rupert Murdoch's dominance of Australian news media has garnered a record 420,000 signatures, overtaking a previous appeal focused on climate change.
Two more reasons to go out and vote in New York City: Actor Paul Rudd and cookies.
The Sports Nutrition Market in Europe will grow by USD 1.41 bn during 2020-2024
France headed into a second lockdown on Friday as the resurgent coronavirus pandemic hit new heights in the United States with a daily record of more than 90,000 cases, just five days before the presidential election.
If any element of the military were to get involved, it would likely be the National Guard under state control. Under limited circumstances, Trump could federalize them, but in that case, they would generally be barred from doing law enforcement.
Two lesbian couples tied the knot in a mass wedding held by Taiwan's military on Friday in a historic celebration with their peers. Taiwan is the only place in Asia to have legalized same-sex marriage, with more than 4,000 such couples marrying since the legislation passed in May 2019. The mass wedding with 188 couples was the first time same-sex couples have been wed and celebrated at a military ceremony.
Aunty Donna, SpongeBob Squarepants, Gattaca and more: what's streaming in Australia in November. Plus sporting docos, Luca Guadagnino’s foray into coming-of-age TV, and Harrison Ford heeds the Call of the Wild
Quarterback Trevor Lawrence of top-ranked Clemson tested positive for the coronavirus, which will force him to miss the Tigers' Saturday home game against Boston College. Clemson head coach Dabo Swinney revealed the news Thursday. "Trevor has authorized us this evening to announce that he has tested positive for COVID-19 and is now in isolation," Swinney said in a statement.
(Bloomberg) -- Shares of Apple Inc.’s Asian suppliers dipped after the global tech titan reported iPhone sales that missed analyst estimates and said revenue in China slumped.Apple shares dropped 4% in after-hours trading after the company reported that sales of the iPhone fell 21% in the September-ended quarter on anticipation of the newest models, which arrived later than usual this year. Chief Executive Officer Tim Cook said the response to the new iPhone 12 line, which was launched earlier this month, has been “tremendously positive.”Among Asian suppliers, Lens Technology Co. dropped as much as 6.2% in Shenzhen, while Alps Alpine Co. slumped 5% in Tokyo, Flexium Interconnect Inc. slid 4.1% in Taiwan and ASM Pacific Technology Ltd. fell 3.6% in Hong Kong.Still it wasn’t quite the bloodbath that past reactions in the Asia supply chain would have led investors to expect. Some key names including Murata Manufacturing Co., Taiyo Yuden Co. and LG Innotek Co. only fell by about 2% or 3%.“People, at least in this part of the world, are expecting the iPhone 12, and particularly 5G handset sales, to get a boost in this holiday quarter, which is why supplier shares haven’t moved much,” said Jingyi Pan, a strategist at IG Asie Pte.Apple’s sales in the Greater China region in the latest quarter fell 29% to $7.9 billion, the lowest since 2014. Still, the company is confident of growth in the region between October and December, with the large-screen iPhone 12 Pro Max expected to do “incredibly well,” Luca Maestri, Apple’s chief financial officer, said in an interview with Bloomberg Television.Although the iPhone 12 has gotten off to a strong start, demand could begin to taper, spelling bad news for companies that count on the smartphone for their business, according to Amir Anvarzadeh, a strategist at Asymmetric Advisors in Singapore.“We think that by December we might see Apple pushing out orders -- if we are right about sales proving far less impressive than almost all analysts have been hoping for,” he said. “If so the suppliers will tank.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Polestar, the electric-car maker controlled by Volvo Car AB and its owner Zhejiang Geely Holding Group Co., is in talks with investors to raise at least $500 million, according to people with knowledge of the matter.The automaker is seeking a valuation of about $6 billion, said one of the people, who requested anonymity because the discussions are private. A funding round hasn’t been finalized, and terms could still change.A representative for Geely in China wasn’t immediately able to comment. A China-based Polestar spokesman declined to comment, as did a Volvo China-based representative. Volvo representatives in Europe and the U.S. weren’t immediately responsive outside of regular business hours.Gothenburg, Sweden-based Polestar, led by Chief Executive Officer Thomas Ingenlath, has been touted as a potentially fierce rival to Tesla Inc., currently the world’s No. 1 manufacturer of electric vehicles. Sales of the cleaner, more intelligent cars have been soaring in Europe and recovering in China as consumers opt for vehicles that are better for the environment.Volvo Chief Executive Officer Hakan Samuelsson said last year that Volvo is seeking a valuation for Polestar that’s comparable with peers NIO Inc. of China and Tesla.Polestar’s second vehicle, the Polestar 2, its first all-electric car, started production in March at Zhejiang Geely’s plant in Luqiao, China. In September, the automaker said it would put another car, the Polestar Precept, into production. That vehicle’s interiors will be made out of recycled PET bottles and cork vinyl as well as reclaimed fishing nets.Safety RecallElectric cars release about 40% less carbon dioxide than an average internal combustion engine during operation, according to analysis by BloombergNEF.Separately, Polestar said in a statement dated Oct. 29 on its website that it has initiated a voluntary safety recall for some of its Polestar 2 cars. An official communication will be sent to affected customers from Nov. 2.The recall involves the replacement of faulty inverters, and some 4,586 vehicles are impacted. The inverters transform the stored energy in the battery into the power required by the electric motors.A second service campaign, also outlined in the Oct. 29 notice, relates to the car’s high voltage coolant heater, which needs to be replaced in some early production models. The affected vehicles that involves number 3,150.Volvo Cars and Geely both form part of the stable of Chinese billionaire Li Shufu, who has a net worth of about $20.2 billion, according to the Bloomberg Billionaires Index.Li, who also is also Daimler AG’s largest shareholder, has championed consolidation as a way for automakers to pool resources for initiatives like self-driving cars and electrification. He’s built a global carmaking empire over the past two decades, securing stakes in European legacy brands such as Lotus as well as investing in Malaysian auto company Proton.(Updates with recall statement from 8th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
There are no crowds at Disneyland, still shut down by the coronavirus. Thousands of President Donald Trump's supporters regularly cram together at campaign rallies around the country — masks optional and social distancing frowned upon. Trump rallies are among the nation's biggest events being held in defiance of crowd restrictions designed to stop the virus from spreading.