And restaurants say their compostin bills jumped 100 after they switched to Waste Management. Amber lee has the details after a special meeting to address the issues. Reporter we just moved from Jack London Square to city hall. The Restaurant Owners tell us its just not fair. City officials tell us they want to do something about it. They didnt take action today and the question is when. Reporter for three years, chefs carefully prepped food. They made sure any organic waste went to the compost bin. Not anymore. After the contract with Waste Management kicked in his first bill arrived. The first bill came in where we were paying 500. The bill was for like 1,500. Reporter his other restaurant chop bar had a similar increase. I was prepared for a rate increase. But a three time increase was shocking. Reporter it was hurting his bottom line, so he stopped composting. They are higher than trash rates. It goes against the intention of the contract. Certainly we knew rates were going to go u
Years auction, raising money for homeless in san francisco. This is Bloomberg Markets asia. We are live from bloombergs u. S. And asian headquarters. It is just after 7 00 a. M. In hong kong. Some breaking news crossing the bloomberg. South korea current account balance coming in, shrinking for dollars, a9 billion dramatic drawdown from may, close to 6 billion, also revised down to 5. 7 billion. That surplus is widening as well , close to 11. 9 billion. There are signs the south korean economy is doing well. Exports rising coming inflation picking up, so we will see how korea reacts in about one hour. Those meantime, devastating attacks in london over the weekend, days away from the u. K. Election, so we will see how this will impact the outcome. Will terror dominate what happens on thursday. Bull in thed to be a market knowing so much uncertainty lies ahead. Check out equities futures, how they are trading right now, this is the market close on friday. The futures right now are , adin
Miner and one of its top Power Generators talking about a 267r the could be worth billion. Rishaad noble facing another difficult day after its new york listed shares tumbled, it singapore listed stock at a 17 year low. Indeed, noble sure starting trading again, but lets start off with the big stories of the day. Sterling, the at election in the u. K. Taking place on thursday. What we have been seeing is that these terrorist attacks have not had that much impact when it comes to the polls, and indeed by influence, what is going on with sterling. Sterling has been beholding to the polls in a different sense. Show how as the labour party has been doing better in recent weeks, recent days even, we have seen of oars weakness for sterling. True when we had of course the pound weekend for the tories, so an inverse relationship if you will. It seems these terrorist attacks do not have a huge political implication running into that thursday poll. Side i suppose the other you could look at in t
And online banking. It is now easier to conduct payment and management of funds online, resulting in a drastic change in lifestyle. Smartphones have replaced wallets, and personal information can be registered on apps and used as i. D. S. Consumers can now benefit from a whole range of services. The internet is convenient for individual consumers and also brings new Business Opportunities to companies. Chinas mobile Payment Market has exceeded 6 trillion since the introduction of Internet Plus. 50 times the size of the u. S. Market. Chinas Online Industries continue to develop rapidly. And on this episode of asia insight, we follow innovators who are trying to stay ahead of the game. Smartphones have changed the face of a typical chinese morning. And people set off to work, you can hear digital deeps all around the station. A dedicated app gives you the code to unlock these bike share bicycles. Once you punch in the code, you are ready to go. The fee is roughly ten cents for every 30 m
Day, al news 24 hours a powered by more than 2,00 journalist and analysts in 27 countries. This is bloomberg. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org emily i am emily chang, and this is Bloomberg Technology. Coming up, tech mobilizes against hate with new game plans in the wake of the charlottesville tragedy. How Companies Plan to draw a harder line without compromising core values. Us cloud flair the c. E. O. Joins us with why the time was now to make a stand. And ali bulbas massive growth fueled bite cloud. The rift on Online Shopping and the monster First Quarter that beat across the board. First to our lead. It has been a chaotic couple of days following the tragic attack in charlottesville, virginia, and Tech Companies of coming together, committed to fight off who use hate speech. Newer startups like uber and air b and b are facing a newer challenge. For more, i want to bring in our b