Bloomberg Didi Chuxing became China’s reigning car-hailing service by pummeling Uber into submission. Now it wants to do the same in bike-sharing, joining an increasingly pitched battle between arch-foes Mobike and Ofo. Didi declared it wants to become a “comprehensive” platform for bike-sharing, co-opting struggling No. 3 player Bluegogo and starting its own two-wheeler service. That’s a departure from a ...

Bloomberg Renren Inc. has cancelled a potential initial coin offering after Chinese regulators discouraged the Beijing-based social network from pursuing the plan, people familiar with the matter said. Regulators, which declared ICOs in China illegal, have held talks with Renren and other Chinese companies that sought to skirt the rules on such offerings, according to the people, who asked not ...

Bloomberg President Donald Trump told a group of farmers that recent tax cuts and deregulation will revitalise the US rural economy. Trump’s speech at the American Farm Bureau Federation’s annual conference in Nashville was his first policy address since Congress passed the $1.5 trillion tax overhaul. He said agricultural producers, businesses and workers will all benefit from the legislation, and ...

Bloomberg Aston Martin is targeting a valuation of as much as $6.8 billion in a potential initial public offering of the British sports car maker, according to people familiar with the matter. The manufacturer has held preliminary talks with advisers about a valuation including debt that would put it on par with Ferrari NV, said the people, who asked not ...

Bloomberg Apple Inc. faces a French criminal probe into allegations from consumer groups that it’s deliberately shortening the life of iPhones. The investigation, confirmed by Paris prosecutors, comes just weeks after the US technology giant apologised to customers for software changes it says unintentionally reduced the performance of older smartphones to prevent unexpected shutdowns. The authorities opened a preliminary investigation ...

Bloomberg Huawei Technologies Co. has failed to strike a deal for AT&T Inc. to sell its flagship phones to American consumers, a setback for China’s top mobile-phone maker, which was expected to unveil a partnership with a US carrier as early as this week, according to people familiar with the matter. Even without an immediate partner that would help it ...

Bloomberg The engineer who was fired by Google after he criticised its diversity policies claims in a lawsuit that he and others at the internet giant were harassed over their conservative political views. James Damore filed a class-action complaint after setting off a firestorm in August with a 10-page memo blasting Google’s “left bias” for creating a “politically correct monoculture.” ...

LONDON / Reuters Gasoline exports from Europe to the Middle East have surged in recent months to record highs as traders seek to fill a gap due to particularly heavy refinery maintenance in the region in the coming months, according to shipping data and trading sources. So far this month, at least a dozen tankers have been confirmed or placed ...

Bloomberg India, the largest importer of Chinese solar equipment, proposed a 70 percent safeguard duty on cells and modules shipped from China and Malaysia, citing “threat of serious injury” to the domestic industry. Acting on an application by five local cell and module makers, the Directorate General of Safeguards, Customs and Central Excise made the proposal in a document dated ...

Bloomberg Saudi Arabian Oil Co. is set to appoint banks including Goldman Sachs Group Inc. and Citigroup Inc. to help manage its initial public offering, people familiar with the matter said, as the state-owned crude producer pushes ahead with what could be the world’s largest share sale. JPMorgan Chase & Co., HSBC Holdings Plc and Morgan Sta- nley, which have ...