Bloomberg Chinese and Indian tourist arrivals in Australia jumped to a record in 2017 as growing middle-class wealth in the world’s most populous nations fuels the travel bug. Almost 1.4 million visitors from mainland China travelled to Australia in 2017, a 13 percent increase from a year earlier, according to the Australian Bureau of Statistics. Tourists from India climbed to ...

Bloomberg Australia, India, Japan and the US are discussing a joint infrastructure plan, Australian Foreign Minister Julie Bishop said, as China’s own building initiative deepens its economic clout across Asia. Senior officials from the four Group of 20 nations have discussed “a range of opportunities and challenges,” Bishop told Sky News in an interview that aired on Monday ahead of ...

Bloomberg Siemens AG will press ahead with an initial public offering of its health-care unit as CEO Joe Kaeser unloads another key business at Europe’s largest engineering company. The IPO of “a meaningful minority share” in Siemens Healthineers, as the company is known, will be completed in the first half of the year on the Frankfurt Stock Exchange, subject to ...

Bloomberg While US steel and aluminum producers surged after the Commerce Department released its recommendations for restricting imports, a muted reaction among the biggest Asian metals stocks suggests the international impact will be spread thinly—unless US action prompts retaliation from its biggest suppliers. Japan’s top steelmakers, Nippon Steel & Sumitomo Metal Corp. and JFE Holdings Inc., and its largest maker ...

Bloomberg Former US Director of National Intelligence James Clapper contradicted a tweet from a Facebook Inc. executive that said swaying the 2016 election wasn’t the main aim of Russian interference outlined in a new indictment. “Clearly the Russians were trying to affect the election,” Clapper, who served under President Barack Obama, said on CNN’s “State of the Union”. He said ...

Bloomberg Daimler AG fell after a German newspaper reported US investigators detected software in its Mercedes-Benz diesel cars that might have been designed solely to pass regulatory emissions tests. The vehicle maker developed several software applications that reduce or regulate the application of AdBlue fluid that helps eliminate harmful exhaust gases, Bild am Sonntag reported Sunday, citing confidential documents. Daimler ...

Bloomberg The income boom enjoyed by people born between 1966 and 1980 has turned to “bust” for the generation that followed them, according to a report published on Monday. In an analysis of eight high-income countries, the Resolution Foundation think tank found that millennials in their early 30s have household incomes 4 percent lower on average than members of so-called ...

Bloomberg If you’ve overestimated the daily demand for chia seed and homemade granola pots, or dripping, do you just throw the food out, or try and sell it quickly on the cheap? Fifty eateries in London, including Aubaine, Hummus Bros, Magpie, and Michelin-starred Aquavit, can now opt for the latter through a mobile app, Karma, which launched in the city ...

Bloomberg Mumbai finally started work on a new airport more than two decades after first proposing it, as jets ran out of space to operate in one of the busiest aerodromes using a single runway. Prime Minister Narendra Modi laid the foundation stone of Navi Mumbai International Airport on February 18, to be built on about 2,866 acres of land ...

Bloomberg State-controlled VTB Group is buying 29 percent of Magnit PJSC from billionaire Sergey Galitskiy, who said investors don’t trust his vision for Russia’s second-largest food retailer after its share price plunged in the past year. Galitskiy will quit as chief executive officer after selling $2.5 billion of shares to VTB, Magnit said in a regulatory filing. Galitskiy said he ...