Bloomberg Samsung Electronics Co. unveiled the Galaxy Note 9 in New York, banking on the larger-screen device to rejuvenate sales of a struggling flagship line and fend off Apple Inc.’s upcoming iPhones over the holidays. The 6.4-inch screen Note 9 will start at $999.99 and max out at $1,249.99 — becoming, at about $100 above the iPhone X’s upper limit, ...

Bloomberg Beijing Bytedance Technology Co Ltd., the startup behind hit Chinese news aggregator Jinri Toutiao, is seeking to raise as much as $3 billion in a funding round that is mostly targeting US investors, a person familiar with the matter said. The fast-growing company held meetings with potential investors for a financing that could value Bytedance at as much as ...

Bloomberg Dada-JD Daojia has raised $500 million from existing backers JD.com Inc.and Walmart Inc. to quicken the growth of its delivery network across China. The logistics company said it intends to use the funds to invest in supply chain technology and serve merchants on its platform, which connects scooter-riding drivers in about 400 cities with about 1.2 million online merchants ...

Bloomberg More than 54,000 people were moved to safer ground in the Philippine capital and nearby provinces, while calls for help swamped social media as monsoon rain triggered floods reminiscent of Typhoon Ketsana, which killed hundreds of people in Metro Manila in 2009. Marikina City implemented forced evacuations affecting at least 21,000 people after its river, the catch basin of ...

Bloomberg A panel of Indian ministers will meet to consider objections by several departments against an Asian trade pact spearheaded by Beijing citing fears of a flood of Chinese imports, people with knowledge of the matter said. The group headed by Commerce Minister Suresh Prabhu will meet on August 10 to discuss concerns flagged by the ministries of steel, pharmaceuticals, ...

Bloomberg Generic drugmakers are being crushed by the very forces that the Trump administration is counting on to drive down prescription costs. While policy makers are betting that opening the market to a deluge of new medicines and reforming the drug supply chain will help contain rising prices, many widely used copycat medications are already seeing their prices fall at ...

Bloomberg Europe’s wheat loss is a win for Canadian farmers. After a scorching summer fried wheat crops across the European Union, the bloc is set to lose its position as the world’s third-largest exporter as Canada usurps the title, according to the US Department of Agriculture. The agency cut its outlook for EU wheat exports by 16 percent to a ...

Bloomberg President Donald Trump has presided over an accelerating economy and the lowest unemployment in years, but American workers still aren’t seeing it in their wallets. US average hourly earnings adjusted for inflation fell 0.2 percent in July from a year earlier, data showed, notching the lowest reading since 2012. While inflation isn’t high in historical terms, after years of ...

Bloomberg KKR & Co. is expanding its growth-equity group, adding to its New York office under the leadership of Erica Martin. The firm will add four or five people to the team focusing on technology, media and telecommunications in the next couple of months, according to Martin, who joined earlier this year from buyout firm Warburg Pincus. KKR had about ...

When all is said and done, President Trump’s trade war may be fated to fail. There are many reasons why. One is that the target countries — prominently, China, Japan and Germany — won’t accede to his demands. This is already happening. Another threat is a backlash among US firms, hurt by tariffs that raise their products’ prices. This, too, ...