International News

  Bloomberg A Panasonic Corp. inflight entertainment and communications systems subsidiary is under investigation by US authorities for allegedly breaking bribery and securities laws. Panasonic Avionics Corp. is being probed by the US Department of Justice and Securities and Securities Exchange Commission for violating the Foreign Corrupt Practices Act, the Osaka-based company said in a statement on Thursday. Panasonic said ...

  Bloomberg Desperate to develop its own mineral deposits, resource-hungry India is trying to revive investment by taking aim at illegal miners like the sand mafia — from a few hundred feet in the air. The government will deploy flying camera drones to track renegades who for years have been extracting everything from sand to coal to iron ore without ...

  Bloomberg India’s largest technology companies head to Washington this month to argue against President Donald Trump’s envisioned tightening of visa programs that Silicon Valley and their own industry rely on to attract talent. The chief executives of the country’s biggest IT services companies will meet with administration officials and lawmakers from Feb. 20 to try and dissuade Trump’s team ...

  Bloomberg Rio Tinto Group, which agreed last month to sell $2.45 billion of Australian assets, has recei-ved approaches for its remaining coal operations in the country, people with knowledge of the matter said. The London-based company is considering options for its Hail Creek and Kestrel mines, including a potential sale, according to the people, who asked not to be ...

  Bloomberg Sony Corp.’s struggling movie division is weighing on the rest of the company, even as the PlayStation is booming and semiconductors show signs of a rebound. The electronics and entertainment company cut its full-year profit forecast a second time in three months after posting quarterly earnings that missed estimates, following a 112 billion yen ($1 billion) charge against ...

  Bloomberg Sugar output in the world’s second-biggest producer may shrink further as mills in some states shut early after drought curbed cane supply. Production in the year that began Oct. 1 is set to total 20.4 million metric tons, according to the median estimate of six traders and analysts surveyed by Bloomberg. That’s the lowest in seven years and ...

Bloomberg The virtual reality headset maker that Facebook Inc. bought in 2014 for $2 billion used stolen computer code, a jury said in awarding $500 million to ZeniMax Media Inc. The case was over the Oculus Rift, the device that has put the social media giant at the forefront of the virtual reality boom. The verdict in Dallas federal court ...

  Bloomberg For MetLife Inc. Chief Executive Officer Steve Kandarian, the Donald Trump era looks like just what he’s been waiting for. After complaining for years about capital standards, proposed sales restrictions and low bond yields that pressure investment income on the company’s fixed-income portfolio, the CEO sees promise. “The prospect of higher interest rates and a more favorable regulatory ...

  Bloomberg Tesla Motors Inc.’s Model S, once touted by the company as achieving a record-high safety score, fell short of a top designation an insurance group has awarded to 42 other new models on the market. The Model S sedan earned an acceptable rating in one of the Insurance Institute for Highway Safety’s five crash tests, a level shy ...

  Bloomberg Prime Minister Narendra Modi offered tax cuts and boosted spending on some of India’s poorest citizens hurt by his cash ban as he seeks to shore up support before pivotal state elections. The budget shortfall is forecast to be 3.2 percent of gross domestic product in the year starting April 1, Finance Minister Arun Jaitley told lawmakers in ...