Band-aid fix | The U.S. Senate is nearing a deal to allow the government to keep borrowing in the short term that would pull America from the brink of default. But the agreement would run out in December, threatening to exacerbate year-end clashes over trillions in spending. Slow going | Olaf Scholz's Social Democrats start exploratory talks today on forming a German coalition with the Greens and the liberal Free Democrats. Click here to read more as Iain Rogers and Birgit Jennen lay out some of the policy hurdles to forging a common platform for government. South Africa's state-owned utility Eskom, the world's top emitter of sulfur dioxide, says retrofitting about half of its coal-fired plants with pollution-cutting equipment would cost more than $20 billion and boost electricity costs. As Antony Sguazzin reports, it's asking for exemptions from national emission limits for some plants and higher ceilings for others.
Own interests | French President Emmanuel Macron failed to convince his EU counterparts of the pressing need for a more assertive common foreign policy during this week's summit, sources say. The impression among some delegations was that Macron was really only concerned about French interests. Best of Bloomberg OpinionUnder cover | North Korea has put coverings over the expansion of a plant where it enriches uranium for bombs in order to keep spy satellites away, according to the 38 North group that monitors weapons developments in the isolated state. The work at the Yongbyon nuclear site could help the plant increase its production of fissile material by 25%, one estimate shows. Moderate surprise | Peru's President Pedro Castillo, whose contentious ministerial appointments have buffeted his ten-week-old administration, replaced his prime minister with a moderate and brought in a slew of new cabinet members, saying it was time to put the country's interests above ideology. While the move is likely to be cheered by investors, it angered radical members of his Peru Libre party. Bloomberg TV and Radio air Balance of Power with David Westin weekdays from 12 to 1pm ET, with a second hour on Bloomberg Radio from 1 to 2pm ET. You can watch and listen on Bloomberg channels and online here or check out prior episodes and guest clips here. Today's guests include the Senate's number two Democrat, Majority Whip Dick Durbin. And finally ... A small, mostly volunteer research group known as the World Weather Attribution in the U.K. seeks to answer an increasingly common question when weather disasters strike: Is this the result of climate change? It has run more than 40 analyses over the past six years and, as Eric Roston explains, its conclusions can have powerful implications for governments, citizens, first responders and the media. Homes destroyed and submerged in water after Hurricane Ida near Chauvin, Louisiana, on Sept. 1. Photographer: Mark Felix/Bloomberg |
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