News Headlines - 11 October 2018

BMW to raise stake in China joint venture to 75% in €3.6bn deal | Financial Times

BMW will pay €3.6bn to increase its stake in a Chinese joint venture to 75 per cent by 2022, following Beijing’s relaxation of investment restrictions in the automotive sector, which will hand foreign companies more control in the world’s largest car market. In April, Beijing announced it would ease decades-old restrictions — requiring foreign vehicle manufacturers to form joint ventures with Chinese partners and capping ownership at 50 per cent — by the year-end for electric vehicles, and by 2022 for others.

Peru Opposition Leader Keiko Fujimori Held on Graft Charges - Bloomberg

Peruvian opposition leader Keiko Fujimori was arrested by police Wednesday on allegations she received illicit campaign financing, marking an unexpected turn in a year-long probe of the two-time presidential candidate... The decision marks the second high-profile judicial move against Peru’s influential Fujimori family in a week, and yet another twist to a tumultuous year for the country. Last Wednesday, a court ordered the imprisonment of autocrat Alberto Fujimori, Keiko’s father, after overturning a political pardon.

First tuna auction at Japan's 'new Tsukiji' market in Toyosu - The Straits Times

The cries of the raucous pre-dawn tuna auction rang out for the first time at Tokyo's new fish market on Thursday (Oct 11), just days after the world-famous Tsukiji site closed the door on its 83-year history.
The location may have changed but the ritual remained the same: Huge frozen whole tuna laid out on the ground, bells tolling to sound the start of the auction and a loud and bewildering system of bidding understood only by those taking part.

Rare White Tiger Kills Zookeeper in Japan - The New York Times

A zookeeper in Japan died after being mauled by a rare white tiger, his supervisor said on Tuesday.
The zookeeper, Akira Furusho, was found bleeding from the neck in a cage at the Hirakawa Zoological Park in the southern city of Kagoshima on Monday evening... No one was around at the time of the episode, “and we cannot imagine what happened,” Akinori Ishido, the zoo’s director, told reporters on Tuesday.

Michael is the strongest hurricane to hit the continental US since Andrew - CNN

Hurricane Michael hit the Florida Panhandle with frightening fury. The Category 4 storm was packing maximum sustained winds of 155 mph as it made landfall near Mexico Beach.
In terms of wind intensity, that made it much stronger than Hurricane Florence, which had winds of 90 mph when it blew ashore in North Carolina last month.








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