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Markets clearly focused on a British breakaway this week, just not Scotland

The BriefYour world right now

September 19th, 2014 | 3:53 PM

Nicolas Sarkozy is back in action. The former French President announced on his Facebook page that he would return to politics, joining the right-leaning UMP party. Many see this as a step towards a 2017 presidential bid for Sarkozy, who left politics after losing the presidency in 2012.

September 19th, 2014 | 5:46 AM

China fines GlaxoSmithKline nearly half a billion dollars. A court found the British drug company guilty of bribery, fined it a record $491.5 million, and jailed executives including country director Mark Reilly—though Reuters reports he may be deported instead.

September 19th, 2014 | 1:58 PM
Chart of the Moment

Alibaba’s IPO is the biggest in US history by almost $4 billion

September 19th, 2014 | 7:49 AM

Many of the iPhone shoppers in line outside Apple stores in New York and Tokyo are Chinese. With the release of the iPhone 6 and 6 Plus delayed in China because of regulatory hurdles, as many as 5 million iPhones could be smuggled back into China (where they were made) before it’s released there. China is Apple’s second largest market by revenue.

September 19th, 2014 | 2:18 AM

Russia sanctions force Exxon Mobil to hit pause on Arctic oil drilling. Just days after new US and EU sanctions were declared, Exxon halted work on a project that aimed to extract an estimated 9 billion barrels of oil from beneath the Kara Sea, sources told Bloomberg. Exxon has eight more days to cease all arctic exploration work with Russia’s OAO Rosneft—a partnership that aimed to solve Exxon’s falling production rates and modernize Russia’s aging extraction operations.  

September 19th, 2014 | 11:13 AM

The Earth turned up the heat this summer. Globally, it was the hottest summer on record, warmer by 0.71 degrees Celsius than in 1998, previously the hottest summer, according to the US National Climatic Data Center. If the mercury stays high over the next few months, 2014 could replace 2010 as the hottest year on record.

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