Bloomberg President Donald Trump said the US “should never have been” in the Middle East and it was “the worst decision ever made” amid reports that Turkey has begun its operation to force back US wartime allies in Syria. In a series of tweets defending his decision that the US would stand aside and allow a Turkish incursion in an ...

Bloomberg China is flexing its economic muscle for political ends, with more local sponsors of the National Basketball Association’s (NBA) mainland events suspending their ties with the league over a tweet that backed Hong Kong’s protesters. Following the decision by China’s state television and tech giant Tencent Holdings Ltd to not show pre-season NBA games, the country’s largest sportswear maker ...

Bloomberg The worst crisis to hit Japan’s nuclear industry since the 2011 Fukushima disaster threatened to entangle PM Shinzo Abe’s ruling party amid scrutiny of donations to lawmakers. Hiroshige Seko of the Liberal Democratic Party received 6 million yen ($56,000) of donations from the president of a company linked to the furor surrounding Kansai Electric Power Co’s nuclear operations, Kyodo ...

Bloomberg China is still open to reaching a partial trade deal with the US, an official with direct knowledge of the talks said, signalling that Beijing is focussed on limiting the damage to the world’s second-largest economy. Negotiators heading to Washington for talks starting on Thursday aren’t optimistic about securing a broad agreement that would end the trade war between ...

Bloomberg A draft amendment to China’s Statistics Law will make officials and their bosses directly accountable for data accuracy and also increase the ceiling on fines for companies that report false information. The draft amendment was published by the National Bureau of Statistics on its website, with the bureau calling for feedback until November 9, according to a statement. If ...

Bloomberg Exxon Mobil Corp. is considering a sale of its oil-producing offshore assets in Malaysia as part of the US energy giant’s global divestiture program. The company is working with an adviser on the potential sale, which could raise about $2 billion to $3 billion, according to people familiar with the matter. The focus is on selling upstream assets operated ...

Bloomberg Johnson & Johnson’s Janssen unit was hit with an $8 billion punitive-damages verdict — the largest jury award in the US this year — over its alleged mishandling of an anti-psychotic drug blamed for disfiguring the physique of adolescent boys. A state court jury in Philadelphia concluded the Janssen’s wrongful marketing of its Risperdal drug to teens warranted the ...

Bloomberg Panasonic Corp has hired a former Tesla Inc battery guru to a senior role at the so-called gigafactory the two companies share in the US. Celina Mikolajczak, who left Tesla in early 2018 for short stint at Uber Technologies Inc, joined Panasonic this month as vice president of battery technology. She’ll be based in Reno, Nevada, where Tesla and ...

Bloomberg US farmers and agribusinesses face a rising threat of long-term losses in export sales as President Donald Trump’s trade war with China continues, Boston Consulting Group (BCG) warned in a report. The finding by a blue-chip management consulting firm could feed mounting fears among major US agricultural players that the damage done from a tariff war that has already ...

Bloomberg The US dropped from the top spot in the World Economic Forum’s (WEF) annual competitiveness report, losing out to Singapore. Hong Kong, the Netherlands and Switzerland made up the rest of the top five, according to the WEF survey published on Wednesday. On the US, it noted growing uncertainty among business leaders. The forum focussed its report on continued ...