International News

Fall of the ‘big top’

  SARASOTA / AP Goodbye to death-defying feats — daring young men (and women) on the flying trapeze, whip-wielding lion tamers, human cannonballs. Goodbye to the scent of peanuts and popcorn, the thrill of three rings, the jaunty bum-bum-dadadada of circus music. Send out the clowns. The Big Top is coming down — for good. Officials of the company that ...

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Hitachi says Brexit may hurt UK rail plant

  Bloomberg Hitachi Ltd. said Britain’s vote to quit the European Union may become more of a concern when the Japanese conglomerate’s train factory in northern England becomes more reliant on exports after 2019. For the next few years the Newton Aycliffe plant will be busy making the vehicles it was set up to build when Hitachi won Britain’s biggest ...

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Sigh of relief for self-driving cars as Tesla cleared in probe

  Bloomberg The push to bring self-driving cars to American roads got a significant boost when the nation’s chief auto safety regulator essentially cleared Tesla Motors Inc.’s Autopilot system of fault in a fatal 2016 crash. The US National Highway Traffic Safety Administration found that the owner of a Tesla Motors Inc. Model S sedan that drove itself into the ...

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Canada hopeful TPP can survive without US

  Bloomberg Canada will consider pursuing a new multilateral Pacific Rim trade deal now that President Donald Trump has signaled the US is abandoning the Trans-Pacific Partnership. Trade Minister Francois-Philippe Champagne said in an interview shortly before Trump’s inauguration Canada would consider all its options with fellow TPP states, including whether a new deal can be salvaged without US participation. ...

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Netflix’s shrinking DVD service faces an uncertain future

  SAN FRANCISCO / AP Originally cast in a starring role, Netflix’s original DVD-by-mail service has been reduced to a bit player — one that may eventually get killed off as the company focuses on its booming video streaming service. Netflix’s fourth-quarter earnings report released Wednesday provided the latest glimpse at the DVD service’s descent into oblivion as the streaming ...

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UK economy ends year on a high

  Bloomberg The UK economy looks to have finished 2016 on a high. That’s according to the latest Bloomberg News survey of economists, which predicts 0.5 percent growth in the fourth quarter. That would follow expansion of 0.6 percent in both the third and second quarters. The Office for National Statistics will publish the data on Jan. 26 in London. ...

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California utilities want $1bn to promote electric cars

  Bloomberg California’s utilities are asking for more than $1 billion to spend on electric car-charging stations that will help the state meet its goal of getting 1.5 million zero-emissions vehicles on the road by 2025. Edison International’s Southern California Edison utility asked state regulators for permission to collect $570 million from customers over five years to pay for, among ...

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Apple ready to start making iPhones in India, at a price

  Bloomberg Apple Inc. is willing to start making iPhones in India, but it wants a big helping hand from Narendra Modi’s government first. The Cupertino, California-based company is scheduled to meet with officials in New Delhi next week to discuss the prospects for setting up manufacturing facilities in the country this year. Apple, the most valuable company on Earth, ...

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Transport, hotels spur China economic growth

  Bloomberg Transport, deliveries and eateries spurred the first acceleration in Chinese economic growth in two years last quarter, highlighting the robust expansion of new drivers and the underlying risks in real-estate since the introduction of policy curbs to halt property speculation. Carriers, warehousing and delivery output rose 9.9 percent from a year earlier in the fourth quarter, the National ...

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China’s Wanda Group mulls deeper health-care push

  Bloomberg Billionaire Wang Jianlin’s property-to-entertainment conglomerate is weighing a push into private health care in China, tapping into a rapidly growing multi-billion dollar industry in the country. The chairman of Dalian Wanda Group Co. is considering setting up a chain of hospitals, he told Bloomberg News Editor-in-Chief John Micklethwait during a panel at the World Economic Forum in Davos, ...

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