Bloomberg Australia expects to soon announce more specifics of a plan to acquire nuclear-powered submarines under a security partnership with the US and UK, Defense Minister Peter Dutton said. Prime Minister Scott Morrison in September announced the new defense alliance and moved to scrap a deal struck in 2016 with French shipbuilder Naval Group to build as many as ...

  Bloomberg President Joe Biden’s administration will soon start a review of the first group of tariffs on more than $300 billion in Chinese imports needed to prevent their expiration, a process likely to bring new scrutiny of their effectiveness as inflation runs at a four-decade high. The evaluation, officially known as a “review of necessity,” so far has attracted ...

  Bloomberg Ukraine’s President Volodymyr Zelenskiy said Elon Musk promised the country another batch of Starlink satellite terminals to help keep internet communication working as the country fights Russia’s invasion. In a Twitter post, Zelenskiy said he spoke with Musk, the CEO of Tesla Inc. and SpaceX, and another delivery of Starlink systems will arrive next week “for destroyed cities.” ...

  Bloomberg Visa Inc. and Mastercard Inc. are suspending their operations in Russia, a coordinated attempt that threatens to further isolate the economy from the international community following President Vladimir Putin’s decision to invade Ukraine. In separate statements that arrived within minutes of each other, Visa cited “Russia’s unprovoked invasion of Ukraine, and the unacceptable events that we have witnessed,” ...

  Bloomberg Argentina’s government published the detailed plan for reducing its fiscal deficit and central bank financing as part of its pending $45 billion deal with the International Monetary Fund. The agreement with IMF staff has now been submitted to Argentina’s congress and will go before a vote sometime in the coming weeks. The country will receive 7 billion ($9.8 ...

  Bloomberg WeWork Inc is in discussions to raise new equity, according to people with knowledge of the matter, after the co-working company’s shares fell by more than half since its October public debut. The stock plunged to a record low on the news. The talks were kick-started by investor interest, said one of the people, who like the others ...

Bloomberg On a freezing winter morning, Europe woke up to a shock. Russia had cut off gas to Ukraine. Companies started reporting drops in supplies via the transit country. Calls to reduce energy dependence on Moscow resonated across the continent. That was in January 2006. Sixteen years on, through another supply crisis and then Russia’s annexation of Crimea, the European ...

Bloomberg Samsung Electronics Co has suspended product shipments to Russia due to current geopolitical developments, joining a growing list of companies from Apple Inc to Microsoft Corp that are halting sales and services in the country following its invasion of Ukraine. The South Korean tech giant is actively monitoring the complex situation, the company said in an emailed statement to ...

  Bloomberg Panasonic Corp plans to build a US factory to supply Tesla with lithium-ion batteries, Japanese national broadcaster NHK reported, seeking to ramp up production to meet anticipated demand for electric vehicles. The Japanese electronics conglomerate is looking at sites in Oklahoma and Kansas to build the plant, NHK reported, citing a person it didn’t identify source. Tesla is ...

Bloomberg Apple Inc shareholders approved outside proposals recommending audits of the company’s civil-rights impact and a public report on its use of concealment clauses in employment agreements, marking a rare instance of investors defying the tech giant. The votes were part of Apple’s annual shareholder meeting, held virtually for the second year in a row. Investors also reelected the company’s ...