News Headlines - 15 October 2013

Typhoon Wipha Battering Tokyo, Eastern Japan

Millions of people in Japan are bracing for the approach of Typhoon Wipha and the expected destructive winds, life-threatening flooding and mudslides.

Japan PM to pledge strong economy | Daily Express

Japanese Prime Minister Shinzo Abe is today set to open Parliament with a speech pledging more reforms and economic measures to pull the country out of its long period of deflation.

Japan Shares Gain for Fifth Day Amid U.S. Deal Optimism - Bloomberg

Japanese shares rose, with the Topix index posting its longest winning streak in three months, as paper makers surged and amid optimism U.S. lawmakers will reach a deal to avoid breaching the debt ceiling.

US debt: Truce in sight as Senate leaders work on compromise ahead of Thursday's deadline - The Independent

With the clock ticking down fast, frantic behind-closed-doors efforts were accelerating on Monday in Washington to craft a stop-gap fiscal package temporarily to reopen the government and authorise an increase in America’s debt ceiling before Thursday when the US Treasury expects to run out of cash to meet all its obligations.

Burberry CEO Angela Ahrendts quits to join Apple as VP for retail and online stores | Mail Online

The woman credited with turning fashion house Burberry into a global luxury brand is leaving the firm to join technology giant Apple... She is to join the iPhone and iPad maker as senior vice president for retail and online stores next year.