International News

  Bloomberg Coca-Cola Co., the world’s largest seller of soft drinks, said it opposes the travel ban issued by President Donald Trump and will assess any effect it has on employees, joining the thin ranks of companies publicly condemning the policy. “Coca-Cola Co. is resolute in its commitment to dive- rsity, fairness and inclusion, and we do not support this ...

  Bloomberg President Donald Trump’s clash with Silicon Valley over immigration is about to become even more contentious. After the new president banned refugees and travelers from seven predominantly Muslim countries, Google, Facebook, Salesforce, Microsoft and others railed against the move, saying it violated the country’s principles and risked disrupting its engine of innovation. Trump’s next steps could strike even ...

  Bloomberg French growth accelerated in the fourth quarter as part of a wider economic expansion in the region that is fueling a debate about how quickly the European Central Bank should trim stimulus. Gross domestic product rose 0.4 percent in the October-December period, national statistics office Insee said. That matches the median estimate in a Bloomberg survey and compares ...

  Bloomberg Thousand of Google employees staged protests over President Donald Trump’s executive order on immigration, revealing rising tension between the technology industry and new administration. More than two thousand employees of Google parent Alphabet Inc. participated across several offices. At Google’s Mountain View, California, headquarters, Chief Executive Officer Sundar Pichai and co-Founder Sergey Brin — both immigrants — spoke ...

  Bloomberg US college endowments suffered their biggest loss since the financial crisis, dragged down by global stocks, hedge funds and natural resources, according to an industry survey released Tuesday. The 1.9 percent average loss reported by the National Association of College and University Business Officers and money manager Commonfund in Wilton, Connecticut, for the year ended June 30, compared ...

  Bloomberg Pakistan is confident of managing its rising debt obligations to China as the world’s second-largest economy boosts investment in the South Asia nation by about 20 percent. Pakistan will be able to handle repayments of Chinese soft loans to the government and businesses, which are part of a more than $50 billion of projects under the so-called China-Pakistan ...

  Bloomberg Sony Corp. said it will take a 112 billion yen ($1 billion) writedown in its movie business after reviewing the future profitability of its operations. The company said it would book the charge in the fiscal third quarter and is examining how that will affect its forecasts. To offset part of the loss, the company also said it ...

  Bloomberg Japan posted its first trade surplus in six years in 2016 thanks to a rebound in exports late in the year and persisting low oil prices, though uncertainties over US policy and global growth are overshadowing the recovery. The 4.1 trillion yen ($35.8 billion) surplus in 2016 compared with a 2.8 trillion yen deficit in 2015, the government ...

  Bloomberg The man blocking the world’s largest nuclear plant says he grew opposed to atomic energy the same way some people fall in love. Previously an advocate for nuclear power in Japan, Ryuichi Yoneyama campaigned against the restart of the facility as part of his successful gubernatorial race last year in Niigata. He attributes his political U-turn to the ...

  Bloomberg US immigration restrictions introduced over the weekend are bringing the technology industry together in unified anger like never before. While the clampdown isn’t an immediate threat to businesses, emotions are running high because President Donald Trump’s executive order violates Silicon Valley’s self-image of inclusion and tolerance. More than any other industry, the tech enclave embraces the work and ...