International News

  Bloomberg Italian Transport Minister Graziano Delrio dismissed Germany’s demands to recall Fiat Chrysler Automobiles NV cars for alleged pollution violations as “completely unacceptable,” refusing to give in after months of pressure over emissions standards. “Our tests demonstrate that there are no illegal devices or abnormal procedures” involving Fiat Chrysler vehicles, Delrio told Italy’s RAI3 state television channel on Sunday ...

  Bloomberg Acacia Mining Plc jumped in London trading after the gold miner confirmed it is in early-stage talks with rival Africa-focused producer Endeavour Mining Corp. about a possible merger of the two companies which have a combined value of about $4 billion. Acacia, which mines the precious metal in Tanzania, jumped as much as 7.7 percent to the highest ...

  Bloomberg BMW AG sought to defuse potential tensions with President-elect Donald Trump by noting its factory in the US is its largest in the world and that a new, smaller factory in Mexico will make cars for its global customers and not just Americans. Trump singled out BMW in an interview with German newspaper Bild on Sunday, saying the ...

  Bloomberg Atlas Copco plans to break itself up and list its mining tools business in the biggest-ever shakeup of the Swedish company that could spark takeover interest. A newly created company with annual sales of about 28 billion kronor ($3.1 billion) will focus on mining and construction-equipment making, and will be spun off to shareholders in a tax-free distribution, ...

  Bloomberg Indian Prime Minister Narendra Modi’s disruptive cash ban is unlikely to damage his party’s performance in upcoming state polls. In fact, it might even help. Modi’s move to invalidate 86 percent of circulated currency in Asia’s third-largest economy forced millions of Indians into lengthy bank queues. It has also dented India’s world-beating growth as the country’s cash-dependent economy ...

  Bloomberg China’s recent push to clean up its air is leaving some of its neighbours feeling threatened. The Asian country’s road to cleaner air has been gradual, with lead-free gasoline only becoming a requirement in 2000, almost three decades behind the US. This month, China imposed new curbs on the amount of sulfur in vehicle fuels to about a ...

  BOGOR / AP Japan and Indonesia affirmed a deepening of economic and political ties during a visit by Japanese Prime Minister Shinzo Abe, who is using a four-nation tour of Asia to underscore his government’s role in countering China’s assertiveness in the South China Sea. After meeting with Abe, Indonesian President Joko “Jokowi” Widodo said the increase in Japanese ...

  Bloomberg The people who make some of Switzerland’s most expensive watches have a word of advice for the rest of the industry: Slow down. That might help avoid a repeat of the last two years, when watchmakers had to cut jobs and repurchase inventory after their rush into the Chinese market hit a wall. As more than two dozen ...

  LONDON / AP Britain is considering charging employers 1,000 pounds ($1,200) a year for every skilled worker they recruit from the European Union after the UK leaves the bloc, the country’s immigration minister said. Robert Goodwill told a House of Lords committee the charge is “something that’s been suggested to us that could apply” to EU workers. Britain has ...

  Bloomberg Just weeks after the UK voted to leave the European Union, Peter Thompson, a British healthcare consultant, sold one of his two homes in the fishing town of Tavira in Portugal’s Algarve region, capitalizing on the plunge in the pound against the euro. Thompson and his wife, who spend half the year in the British northwest county of ...