September Broke the Global Heat Record by a ‘Gobsmackingly Bananas’ Margin
The month blew past a previous record by 0.5C, and scientists are running out of ways to describe the recording-setting year.
Bloomberg Business
Atos Names Accenture’s Bernaert as CEO Ahead of Planned Split
Atos SE named Yves Bernaert as its new chief executive officer to lead the embattled French IT group through its planned split, effective immediately.
German Companies Plan Office Cutbacks as Remote Working Sticks
Almost one in 10 German companies plans to reduce office space in response to remote working habits, adding pressure to a commercial real estate market already creaking from higher interest rates and construction costs.
US Senator Blocks Egypt Military Aid, Citing Rights Record
The new chairman of the Senate Foreign Relations Committee blocked military aid to Egypt, days after Senator Bob Menendez stepped aside from the job as he fights allegations that he took bribes to help the Egyptian government.
Malaysia’s LTAT Weighs Keeping Control of Boustead Palm Unit in KLK Deal, Sources Say
Kuala Lumpur Kepong Bhd. is in talks with Malaysia’s military pension fund to rework a deal announced in August for the oil palm planter to buy a stake in rival Boustead Plantations Bhd., according to people familiar with the matter.
Novartis Spinoff Sandoz to Start Trading as Standalone Drugmaker
Sandoz Group AG, the maker of copycat medicines, was spun off from drugmaker Novartis AG to begin life as a standalone company on Wednesday when its shares started trading on Switzerland’s stock exchange.
Fed, China Imperil Asia Stocks’ Stellar Fourth-Quarter Record
Seasonality shows that Asian equities perform best over the last three months of the year. History may not repeat itself this time around.
Sunak Faces Tough Task to Reset Tory Appeal in Time for UK Election
Barely a year ago, Prime Minister Rishi Sunak took over a government in free-fall, shunned by the markets and riven by internal squabbling. The task facing him may be even harder now.
Hitachi Wins UK Approval for €1.7 Billion Thales Rail Deal
Hitachi’s proposed €1.7 billion ($1.78 billion) purchase of Thales SA’s rail-signal business won regulatory approval from the UK’s competition watchdog after the Japanese firm offered to divest parts of its European unit.
India’s Whisky Takes on Scottish Peers, Boosting Tiny Stock 290%
A small-cap distillery whose shares have nearly quadrupled this year is helping shine a spotlight on India’s growing power in the world of whisky, as a producer as well as a consumer.
