Bloomberg Porsche AG will pursue a three-pronged strategy to diversify its lineup as the German manufacturer gears up for the rollout of its first all-electric sports car next year to tackle a fundamental industry shift towards battery-powered vehicles. “There will be a triad: plug-in hybrids, emotional sports cars with combustion engines and sporty electric vehicles,” Chief Executive Officer Oliver Blume ...

Bloomberg Meituan is the kind of Chinese technology company few people outside the country understand. That’s because its services aren’t quite like anything you might find abroad. Meituan has a restaurant review feature sort of like Yelp, but its app also lets you order off the menu from your phone the minute you sit down. You can settle your check ...

Bloomberg Flying cars will be zipping across US skies within the coming decade—at least that’s what Uber Technologies’ CEO Dara Khosrowshahi predicts. “There will be people flying around Dallas, Texas,” Khosrowshahi said at the DLD tech conference in Munich. “I think it’s going to happen within the next ten years.” Back down on the ground, the Uber CEO cited congested ...

Bloomberg After Erin Hiscock’s mother and brother passed away, she resolved to tackle her own weight problem. “I was maybe 310 pounds at my heaviest and severely addicted to sugar,” she says. “Instead of a normal meal, I’d just eat carbs, sugar, nothing nutritious.” Hiscock, a 35-year insurance agent in Virginia, didn’t turn to diet books, Weight Watchers, or even ...

Bloomberg Just as the US throws up new barriers to cross-border commerce, its largest trading partner China is redoubling its efforts to seal free-trade agreements. From deals with blocs including the Association of Southeast Asian Nations to bilaterals with tiny countries like the Maldives, China’s FTAs already cover 21 countries. That compares with the 20 countries covered by US agreements. ...

Bloomberg SoftBank Group Corp. is in talks to back leading online insurance aggregator PolicyBazaar at a valuation of at least $800 million, according to people familiar with the matter. The two sides are examining how the Japanese company can take a stake without pushing foreign investment in PolicyBazaar above 49 percent, the limit under India’s regulatory policies, said one of ...

Bloomberg One of China’s top smartphone makers is targeting Japan for its next conquest. Oppo, which vanquished Apple Inc. and Xiaomi Corp. in just a few years to become No. 2 in its home market, will introduce its flagship R11s model next month, Deng Yuchen, chief of Japan operations, said. Oppo is aiming to reach a market position that matches ...

Bloomberg After a 3,985 percent rally since its 2008 listing, V-Guard Industries Ltd. that has evolved into one of India’s leading consumer-durable companies has found its next big growth plan: Internet of Things (IOT). The company, which started 40 years ago with a mere 100,000 rupees, now has products ranging from food mixers to fans and is betting that rising ...

Bloomberg A Taliban suicide bomber detonated explosives in downtown Kabul on Saturday, killing at least 95 people and wounding 158 others in the worst attack since a truck bombing near the Afghan capital’s diplomatic zone last year. The bomber used an explosive-laden ambulance and reached the gate of the former Interior Ministry building, Nasrat Rahimi, a deputy spokesman for the ...

UNITED NATIONS / Reuters The United States will seek to boost its case for United Nations action against Iran when Security Council envoys visit Washington on Monday to view pieces of weapons that US Ambassador Nikki Haley says Tehran gave to Yemen’s Houthi group. Haley and her 14 council colleagues will also lunch with President Donald Trump, the US Mission ...