A takeover battle is brewing for Heineken. Dutch brewer Heineken has dismissed a buyout offer from SAB Miller, the world’s second-largest beer-maker, amid speculation that Anheuser-Busch InBev, the world’s biggest brewer, is also preparing a bid. Heineken said that its eponymous controlling family intends to keep the company independent.
David Cameron is having a tough week. The UK prime minister vowed to confront the Islamic State extremist group with “iron determination” after it murdered British aid worker David Haines, while also trying to avoid presiding over the breakup of the United Kingdom. Queen Elizabeth made a rare foray into politics by urging Scots to “think very carefully about the future.”
Weak China econ data puts the government’s GDP target in danger. Factory output in August rose by a lower-than-expected 6.9% from a year ago, spurring Barclays to cut its 2014 GDP growth forecast to 7.2%, from 7.4%. Premier Li Keqiang now has two choices: ramp up the stimulus or miss the government’s GDP target of 7.5%.
ISIL’s ranks are growing—but so are its opponents The CIA now says the Islamic State “can muster between 20,000 and 31,500 fighters across Iraq and Syria,” eclipsing previous estimates that put the number at 10,000. But “several” Arab countries have also signed up to the US-led military campaign against IS, as the Obama administration attempts to a coalition.
An anti-immigrant party makes big gains in Sweden. The Nordic region’s largest economy backed a Social Democrat-led coalition that won 43.7% of the votes, compared to 39.9% for the outgoing right-wing coalition, but the far-right Sweden Democrats won 12.9% of votes, more than double the backing they received in the previous election. “It’s hard to see who is a winner other than that we now have a very large xenophobic party,” said outgoing prime minster Fredrik Reinfeldt.
Russia continues “humanitarian aid” deliveries into Ukraine. Russia sent 220 trucks across the border, saying they contained 1,800 tons of aid. Only 40 were checked by Russian’s border guard before being waved through, and none were inspected by the Red Cross or Ukrainian officials. The week-long ceasefire looks increasingly shaky, with Kyiv saying its forces repelled an attack by Russian-backed separatists on Donetsk’s airport.
Liberia pleads for US help with its Ebola outbreak. Liberian president Ellen Johnson Sirleaf called for new hospital beds and help setting a military hospital as the virus threatens to overwhelm the country’s healthcare system. Meanwhile, an illicit trade for a serum derived from the blood of Ebola survivors is making the rounds in West Africa, according to the World Health Organization.
We’re from the hedge fund industry, and we’re here to help. As the government in Puerto Rico tries to stabilize the island’s economy, more than two dozen hedge funds with a financial stake in the outcome are offering their advice, the New York Times reports. The coaching has included tips on the best economic indicators and suggestions for tightening investor presentations.
Indiana Jones was not an archeologist. Real archeologists grimace when people ask them about Indy, the cinematic hero who behaved more much like a looter than a scientist. “That first scene, where he’s in the temple and he’s replacing that statue with a bag of sand—that’s what looters do,” Tulane’s Marcello Canuto told the blog The Last Word On Nothing. “[The temple builders] are using these amazing mechanisms of engineering and all he wants to do is steal the stupid gold statue.” (via kottke)