International News

  Bloomberg China’s liquefied natural gas imports surged to a record last month as the world’s third-biggest buyer boosted shipments to offset winter demand and avert shortages that struck cities including Beijing last year. Inbound LNG shipments jumped 46.6 percent to 2.66 million tons in November from a year earlier, according to General Administration of Customs data released. Natural gas ...

  Bloomberg Nokia Oyj sued Apple Inc. saying the iPhone maker infringed several mobile patents, turning simmering tension between the companies into a bitter public legal battle on multiple fronts. The Finland-based company said Apple agreed to license patented inventions in 2011 but has refused to extend those agreements that are now expiring. Nokia filed complaints with the German Regional ...

  Bloomberg One of the world’s most devoted gearhead clubs is about to get a little pricier in the UK as a result of the country’s vote to leave the European Union. Tesla Motors will increase prices in the UK by 5% in 2017, a move attributed to the falling pound and described as “due to curre- ncy fluctuations,” a ...

  Bloomberg European competition authorities may be formally notified of 21st Century Fox Inc.’s bid for the rest of Sky Plc in March at the earliest, setting off reviews of the $14.5 billion deal, according to a person familiar with the matter. The companies’ filing to the EU allows regulators to check whether the deal might harm competition. It would ...

  Bloomberg The price of power for delivery on Christmas Day in Germany turned negative as a surge in wind generation is forecast to boost supply. Prices may be below zero for hours or even whole days during the holiday season as German wind output is predicted to climb to near-record levels and temperatures are set to increase more than ...

  Bloomberg The US economy expanded more than previously reported last quarter on bigger contributions from a range of factors including services spending, intellectual property and construction by state and local governments. Gross domestic product rose at a 3.5 percent annualized rate in the three months ended in September, compared with a prior estimate of 3.2 percent, Commerce Department figures ...

  San Francisco / AFP Volkswagen has reached a $1 billion agreement with US authorities on a compensation deal for the last 80,000 vehicles affected by its emissions-cheating scandal in the United States, officials said. However, a Justice Department official said a criminal investigation is ongoing, and charges may still be filed against the company — which could bring new ...

  Bloomberg Nike Inc. posted second-quarter results that surpassed analysts’ estimates, soothing concerns that the world’s largest sports brand is losing ground to competitors such as Adidas AG and Under Armour Inc. Profit was 50 cents a share in the period, which ended Nov. 30, Nike said in a statement. That compared with the 43-cent average of analysts’ projections. Sales ...

  Bloomberg UK house-price inflation will slow in 2017 as affordability stretches potential buyers, according to the Royal Institution of Chartered Surveyors. Values will rise just 3 percent and the number of transactions will see a moderate decline, RICS said in a statement on Wednesday. That compares with a year-on-year price increase of 6.9 percent in October, according to the ...

  Bloomberg BlackBerry Ltd. boosted its fiscal 2017 earnings outlook and posted a profit in the third quarter, showing the company’s bet on moving more into software and completely away from handsets is paying off. Fiscal third-quarter earnings per share, excluding some items, were 2 cents, compared with analysts’ average estimate of a loss of 1 cent. BlackBerry said it ...