Frontrunning: September 22

  • North Korea Ramps Up International Rancor With H-Bomb Threat (WSJ)
  • A nuclear test over the Pacific? Logical, terrifying (Reuters)
  • What's a 'dotard'? Kim's insult to Trump (Reuters)
  • From Rubble and Ruin, a Mexican Town Wonders How to Rebuild After the Earthquake (WSJ)
  • Bonuses Are Shrinking. Blame Hurricanes and Trump (BBG)
  • OPEC’s ‘Problem Children’ Are Holding Down Oil Prices (WSJ)
  • Trump Backers Cheer Economic Agenda, Blame GOP for Setbacks (WSJ)
  • Turkey to deploy troops inside Syria's Idlib - Erdogan (Reuters)
  • Uber Loses Its License to Operate in London (BBG)
  • Alabama Senate race tests Trump's ability to deliver his voters (Reuters)
  • Puerto Rico: No Power, No Phones and Lots of Damage (WSJ)
  • Mnuchin’s Incomplete Treasury Staff Could Be a Risk in Crisis (BBG)
  • Why Wages Aren’t Growing (BBG)
  • Trump’s Travel Ban Decision Could Set Off New Wave of Turmoil (BBG)
  • Corporate America Has Amassed a Record Amount of Cash (BBG)
  • Hurricane Maria churns toward Turks and Caicos and leaves 32 dead (Reuters)
  • The ‘Wife of the Future’ Designed for Japan's Lonely Men (BBG)
  • Australia Has a Taxing Problem When It Comes to Ghost Homes (BBG)
  • Mortgages Back in Fashion for London’s Priciest Homes (BBG)
  • Electric Cars Can Create the Biggest Disruption Since iPhone (BBG)
  • Defying Trump, Iran says will boost missile capabilities (Reuters)
  • The Trump-Loving Lawyer Who Won’t Stop Suing Fox News (BBG)
  • U.S. Tariffs on Solar Imports May Hinge on Free-Trade Deals (BBG)

Overnight Media Digest


- Standard & Poor's became the last of the three major rating agencies to lower its view on China's creditworthiness, a move that came as China has taken forceful measures to tamp down risks and emphasize stability.

- North Korea's foreign minister Ri Yong Ho said the country could detonate a hydrogen bomb over the Pacific Ocean in response to U.S. President Donald Trump's speech before the United Nations.

- Hewlett Packard Enterprise Co plans to cut its workforce by 10 percent, according to a person familiar with the plans.

- General Motors Co is laying off more than 250 workers from an engine factory in Canada and trimming production at two U.S. facilities, fallout from a strike at a vehicle-assembly plant in Ontario.

- Facebook Inc, under fire for its response to Russian activity on its site before the U.S. presidential election, agreed to hand over detailed information on thousands of Russian-backed ads to congressional investigators and said it would take steps to increase political transparency.

- On the eve of a closely watched speech on Brexit by UK Prime Minister Theresa May, the European Union's chief negotiator said Britain needs to speedily present concrete proposals on all the main sticking points for the talks to advance.



The UK public sector posted its lowest August budget deficit in 10 years, according to figures from the Office for Budget Responsibility, leading economists to predict that finance minister Philip Hammond will have more room for giveaways in his November Budget.

The UK Competition and Markets Authority will probe investment consultancies with a focus on conflicts of interest, barriers to entry and a lack of information for customers, after the industry was referred to the CMA by the Financial Conduct Authority because of “serious concerns” about the way it works.

Prime Minister Theresa May will promise to strengthen legal protections for EU citizens living in the UK in a speech in Florence on Friday in hopes of breaking the stalemate in Brexit negotiations.

UK’s food and drink industry cut back their capital investment last year and are “addicted” to cheap labour, after a second year of falling revenues, according to an annual review by OC&C, a consultancy.



- Facebook Inc said it would turn over 3,000 ads linked to Russia to Congress after growing scrutiny about its role in last November's presidential election.

- With a new executive order, U.S. President Donald Trump is expanding efforts to constrict North Korea's trade with the rest of the world.

- S&P Global Ratings downgraded its rating on China, saying the country's strong economic growth has been fueled by heavy borrowing — and that it expects that borrowing to continue.

- The U.S. Department of Justice is seeking information about a New York law firm's work on behalf of a Russia-aligned former president of Ukraine - Viktor Yanukovych.

- The Trump administration is preparing to relax Obama-era rules on drone strikes and commando raids outside conventional battlefields, according to officials familiar with internal deliberations.



The Times

Dorothy Thompson, one of a handful of female chief executives to run a large UK-listed company, is to step down as chief executive of the power giant Drax Group Plc after 12 years in charge. (

Britain's Co-op Group Ltd has sold its last remaining stake in the struggling Co-op Bank as its food business continues to grow and outperform the market. (

The Guardian

Ryanair Holdings Plc Chief Executive Michael O'Leary, has escalated the airline's dispute with pilots, saying they do not have a "difficult job" and claiming he can force them to defer their time off. (

The UK's first new nuclear power plant for 20 years could be delayed again, after trade unions for construction staff working on the 20 billion pound ($27.14 billion) Hinkley Point C project announced a ballot for strike action in a dispute over pay. (

The Telegraph

Challenger bank Paragon has shaken up its management and restructured itself to accelerate its push into mainstream banking services, including car, business and development finance. (

Richard Cousins, chief executive of FTSE 100 catering giant Compass Group Plc, is to step down after more than a decade in the role during which he brought the firm back from the brink and turned it into one of the most successful constituents of the index. (

Sky News

Uber is bracing itself for regulators‎ to deliver a crucial ruling that could trigger the removal of tens of thousands of private-hire drivers from London's streets. Transport for London‎ could announce as soon as Friday whether it is handing the world's biggest ride-hailing app a new five-year operating licence. (

Paul Kahn, the former boss of Airbus's UK operations‎, is to resurface in a senior role at Cobham Plc, the embattled defence and aerospace group. (

The Independent

Greenpeace campaigners in boats and kayaks have stormed a 23-tonne ship, in an attempt to stop it from delivering diesel cars made by Volkswagen AG to the UK. (




Never One Roach Fri, 09/22/2017 - 10:22 Permalink

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Swedish Journalist Shot in No-Go Zone A former journalist who worked for the Swedish publicly funded broadcaster SVT has been shot in the Stockholm suburb of Tensta, known as one of the country’s most notorious no-go zones.…