International News

  Bloomberg WeWork Cos. built its brand on the hustling energy of small startups, but the company is finding that boring corporate giants may be finally ready to embrace the idea of renting a desk next to a stranger. In the last year, WeWork has established a new team that caters to the needs of large companies. The New York ...

  Bloomberg Millions of Americans have gone back to work since the last recession. Now they’re finally getting some decent pay raises. Average hourly earnings of workers climbed 2.8 percent in October from a year earlier, the fastest pace in seven years, Labor Department figures showed Friday in Washington. Rising wages are encouraging people to look for greener pastures: Among ...

  Bloomberg Tesco Bank, the lending arm of the UK grocery chain, blocked some of its customers’ cards after receiving complaints of as much as 600 pounds ($750) being taken from accounts fraudulently. Fraud prevention systems identified suspicious activity on Saturday, the bank said. As a precautionary measure it blocked some customer cards and sent text messages to notify those ...

  Bloomberg Australia could be stripped of its top credit score by S&P Global Ratings as early as next month if the government’s interim budget review shows further deterioration, according to BlackRock Inc. The mid-year economic and fiscal outlook, which for the past three years has been delivered in December, could be a “catalyst” for the country to lose its ...

  AFP Japan and India are set to sign a controversial civil nuclear deal this week, reports said on Sunday, as the two Asian allies look to boost economic and security ties to counter an assertive China. India’s Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe are set to sign a deal on Friday that would allow Japan ...

  Bloomberg Electric cars will fall short of helping the environment without cleaner energy to charge the vehicles’ batteries, said Carlos Ghosn, chief executive officer of Nissan Motor Co. and Renault SA. “At least the car industry is bringing a breakthrough, which consists in saying that you are going to be transporting yourself from one place to another with zero ...

  Bloomberg Hong Kong Chief Executive Leung Chun-ying is taking additional steps to cool the world’s costliest property market, where prices have rebounded after a short-lived dip. The government raised the stamp duty to 15 percent for all residential purchases except for first-time buyers who are permanent residents. Until now, the highest levy for residents was 8.5 percent, while foreigners ...

  Bloomberg India has backed a multi-tier national tax regime that even in its not-so-perfect form will be a game-changer for Prime Minister Narendra Modi, who is trying to revive manufacturing and boost foreign investment in the world’s fastest growing major economy. Moving away from the ‘one market, one rate’ tax model, the Goods and Services Tax Council decided on ...

  Bloomberg China’s drive to reduce overcapacity and streamline its coal industry has sent prices of the bulk commodity soaring. Efforts initially aimed at reversing a four-year collapse and help miners repay debts have pushed coal higher and faster than anyone anticipated. The fuel burned in power stations has doubled, while the coal used in steel making has more than ...

  AFP Ousted Thai PM Yingluck Shinawatra doled out sacks of rice to hundreds of star-struck shoppers on Saturday, in her latest move to outshine junta efforts to support farmers hit by a price plunge. Tumbling rice prices have spread anguish across Thailand’s rural heartlands and sent the junta scrambling to roll out rescue packages and head off potential unrest. ...