No Radical Bankers; Bad Day to Lollygag in Dubai: Sunday Wrap

  • Libertarian Johnson says he has chance if he cracks debates
  • U.K. cabinet to start Brexit planning as Germans keep watch

Here are highlights of Sunday’s top breaking stories from around the world:

The yen opened lower on Bank of Japan Governor Haruhiko Kuroda’s comments at a Federal Reserve conference in Jackson Hole, Wyoming, about the potential for further easing, after Saudi stocks led most Middle East markets higher. Overall, the takeaway from Jackson Hole was that central-bank policymakers are resigned to keep muddling along doing what they’re doing now, even if it’s not working all that well.

U.K. Prime Minister Theresa May scheduled a Cabinet meeting for Wednesday to start working on plans for Brexit. German Vice Chancellor Sigmar Gabriel said the U.K.’s vote to leave the European Union is creating a sense of instability and will lead to “big problems” if policy makers mishandle the process.

After all of this summer’s big-budget flops at the box office, a low-budget horror film from Sony made back its money twice over in its first weekend of release. 

The witness phase of Brazilian President Dilma Rousseff’s impeachment trial wrapped up just before midnight Saturday, setting the stage for the dramatic finale that will include Rousseff’s defiant testimony and the probable vote to remove her from office. A lawyer for former president -- and Rousseff backer -- Luiz Inacio Lula da Silva disputed the criminal charges filed against him as the witness testimony was starting.

Gary Johnson, the U.S. Libertarian presidential candidate, said the election cycle is so kooky he just might win. But he acknowledged he has no chance if he can’t get into the debates with Hillary Clinton and Donald Trump, and he’s still short of the 15 percent polling support required by the debate commission with the first event less than a month away.

The rift between Volkswagen Chairman Ferdinand Piech and his protege, former CEO Martin Winterkorn, that led to the latter’s ouster was directly related to the then-yet-to-emerge emissions cheating scandal, a German newspaper reported, citing statements Piech allegedly made to the law firm investigating the scandal.

Mitsubishi Heavy’s quest to re-enter the commercial airplane market after a 40-year absence sustained a second setback in as many days, when a test flight to the U.S. had to be aborted for the same reason as one on Saturday.

Sunday was not a good day to be a civil servant in Dubai if you thought you could start the work week by getting the kids off to school and rolling in an hour late. Its ruler showed up unannounced at government offices to find numerous desks of supervisors empty, and had his picture taken standing behind some of them.

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