A shelved attempt to merge the world's two biggest beer companies, Anheuser-Busch InBev and SABMiller, was back in the cards after confirmation that they are exploring a deal. AB InBev counts Stella Artois, Budweiser and Corona among its brands, and SAB numbers Peroni and Grolsch among its, as well as holding a stake in MillerCoors. If they were to combine — and overcome antitrust concerns — it would be one of the biggest corporate mergers on record.
Altice, a French media and telecoms company, agreed to buy Cablevision, the fourth-biggest U.S. cable TV operator, in a $17.7 billion deal. The Israeli-French founder of Altice, Patrick Drahi, has mighty ambitions for his firm, buying up telecom assets in France as well as Portugal Telecom. This is his first big deal in the U.S.; Altice had expressed an interest in Time Warner Cable before it was snapped up by Charter Communications in May.
Hewlett-Packard announced another 30,000 job cuts. It has already shed around 50,000 workers in a restructuring that will soon see the company split in two: HP, which will house the computer and printer businesses, and Hewlett-Packard Enterprise, which will handle software and business services, and which is where the latest job cuts will fall.
The OECD shaved its forecasts for the world economy, which it now expects to expand by 3 percent this year and 3.6 percent next. The organization is anxious that "stagnating world trade and deteriorating conditions in financial markets are curbing growth prospects in many of the major emerging economies," particularly China and Brazil. The OECD published its report before the Federal Reserve's meeting on Sept. 16 and 17.
Nearly 150 economists, including Thomas Piketty, the author of "Capital in the Twenty-First Century," wrote an open letter of protest against the French government's nomination of François Villeroy de Galhau as the new head of the Banque de France. Villeroy de Galhau stepped down as a senior executive at BNP Paribas, a global bank based in Paris, in May. The economists argue that it is "unrealistic" to think he could lead the central bank with "impartiality."
The row over the refusal by Congress to renew the mandate for the U.S. Export-Import Bank intensified, when General Electric said it would move some manufacturing jobs abroad as a result.
Tony Abbott was defenestrated as leader of Australia's Liberal Party, and thus as prime minister, in an unexpected leadership election that was called following months of gaffes by Abbott and falling poll numbers for the governing party. The new prime minister, Australia's fourth in two years, is Malcolm Turnbull, who says there is no need to call a general election ahead of next year's scheduled contest.
The People's Action Party in Singapore, which has ruled the city-state since 1959, won a resounding victory in a general election. It took 83 out of 89 seats in parliament, smashing an opposition which had been thought to be on the rise.
North Korea said its main nuclear reactor, in Yongbyon, has resumed normal operations. It was shut down in 2007 in return for a promise of foreign aid, but that deal broke down in 2013.
The U.S. confirmed it will give China's president, Xi Jinping, a state welcome when he visits Washington on Sept. 25, his first visit to the White House since taking office three years ago. Xi will also travel to Seattle and New York.
The U.S. Census Bureau reported that the number of Americans without health insurance fell to 33 million in 2014, or 10.4 percent of the population, from 41.8 million in 2013.
Saudi Arabia temporarily stopped the Binladin Group, one of the world's biggest construction companies, from taking on any more work after a crane collapsed and killed 107 people and injured hundreds more at Mecca's Grand Mosque.