Bloomberg Shares in Tencent Holdings Ltd. jumped 4.5 percent after Chinese media reported that regulators have resumed approving games, signaling a potential end to a hiatus that’s chilled the world’s biggest gaming industry. Tencent and peers from South Korea to Japan spiked after the official China Securities Journal reported that regulators had reviewed and passed an initial batch of online ...

Bloomberg After years of wildfires linked to power lines, a deadly explosion and accusations of falsified safety records, California utility owner PG&E Corp is facing a deterioration of trust among state leaders. The California Public Utilities Commission has begun a formal process to evaluate whether PG&E’s Pacific Gas and Electric utility should be split into separate electric and gas companies, ...

Bloomberg T-Mobile US Inc is delaying the debut of its much-anticipated video service after the project proved more complex than expected, according to people familiar with the situation. The move would push back the rollout until 2019, though plans could still change, according to the people, who asked not to be identified because the situation is private. Chief Executive Officer ...

Bloomberg Facebook Inc faces growing pressure over its privacy protections as the District of Columbia sued over its handling of user data, exemplified by the privacy breach in which personal information of millions of Americans was transferred to Cambridge Analytica, a political consulting firm hired by President Donald Trump’s 2016 campaign. The suit alleges Facebook violated the district’s Consumer Protection ...

Bloomberg Bang & Olufsen A/S lost more than a quarter of its market value after the Danish maker of luxury TVs and stereos warned sales won’t grow this year because of distribution snafus. The shares sank as much as 28 percent, shrinking the company’s value to 4.4 billion Danish kroner ($674 million) and heaping pressure on Chief Executive Officer Henrik ...

Bloomberg Two of the world’s biggest drugmakers agreed to create a giant seller of over-the-counter medicines, in yet another sign that pharmaceutical giants are slowly turning away from the grocery store and back towards the laboratory. GlaxoSmithKline Plc and Pfizer Inc said that they plan to combine their sprawling consumer-health businesses into a single company selling everything from Advil pain ...

Bloomberg The death toll from a tsunami triggered by suspected volcanic activity near the Sunda Strait in Indonesia has topped 200 as rescuers continue to search for dozens missing in the tourist region. More than 220 people, mostly tourists, are confirmed dead, at least 843 injured and dozens are missing in the two provinces hit by waves late on Saturday, ...

Bloomberg The US government shutdown has entered a second day. It’s likely to last at least until late in the week, and maybe into January, as the White House and Democrats remain at an impasse over President Donald Trump’s demand for billions of dollars in border wall funding. Senate Majority Leader Mitch McConnell said the Senate would adjourn for regular ...

Bloomberg UK Prime Minister Theresa May’s allies are plotting to keep her in Downing Street for at least another two years, the Sunday Times reported, citing a senior cabinet minister it didn’t name. The plans being floated would see May hang on to power until the autumn of 2021 when she would hand over to a new Conservative leader, according ...

Bloomberg Protests led by the grassroots Yellow Vest movement abated across France on December 22, a signal that a call to mobilise for a sixth straight weekend failed to maintain the momentum. An estimated 23,800 protested nationwide, down from 33,500 at the same time a week ago, Agence France Presse (AFP) reported, citing the interior ministry. Authorities stopped 109 people ...