International News

  Bloomberg The first increase in base wages in four months is unlikely to offer much relief to the Bank of Japan as it undertakes a review of policies meant to stoke inflation and growth. Average monthly base pay, excluding overtime and bonuses, rose 0.4 percent in July from a year earlier to 241,518 yen ($2,326), the labor ministry said ...

  Bloomberg South Korea’s financial regulator said Hanjin Shipping Co. will seek stay orders in 43 countries to protect its vessels from being seized, after its court receivership filing last week roiled companies’ supply chain before the year-end shopping season. Applications in 10 countries will be made this week and the remainder soon, the Financial Supervisory Commission said in a ...

  AP British Prime Minister Theresa May has warned that Britain faces some “difficult times” as it prepares to leave the European Union following the June referendum. She told the Andrew Marr Show in an interview that not all would be “plain sailing” as Britain withdraws from the 28-nation bloc. She said in her first extended interview since taking office ...

AFP European Commission chief Jean-Claude Juncker said on Sunday he opposes trade negotiations between Britain and other economies while it remains part of the European Union, as Australia prepares for talks on the issue with London. In the wake of its vote to leave the European Union, Britain must renegotiate its access to the markets of the rest of the ...

  AFP European authorities’ decision to slap Apple with a huge bill for back taxes was not a decision “against the United States”, European Commission chief Jean-Claude Juncker said on Sunday as world leaders gathered in China for a major economic summit. The 13-billion-euro demand for payment from the American electronics giant has raised hackles in the US, with the ...

  AFP Hewlett-Packard Enterprise is looking to sell its software division, perhaps for as much as $10 billion, according to media reports that cited sources close to the matter. The move would include HPE shedding the operations of Autonomy Corp, a British software firm bought five years ago in an $11 billion deal that has since been branded a business ...

  AFP The world edged closer to a 2020 goal to repair vast areas of damaged natural lands and forests, officials announced at the world’s largest conservation meeting. Malawi and Guatemala committed to restoring a total of 4.54 million hectares (11 million acres) of degraded land, officials said at the International Union for Conservation of Nature (IUCN) World Conservation Congress. ...

  AFP The long-awaited sale of Formula One to an American media group is to be completed next week, according to media reports on Sunday. The well-sourced German magazine Auto Motor und Sport said that the sport’s veteran commercial ring-master Bernie Ecclestone had confirmed the deal at the Italian Grand Prix. The magazine reported that Ecclestone said Liberty Media will ...

  Bloomberg Indian clothes maker T.R. Vijaya Kumar thinks it’s time for his country to take on Bangladesh, Vietnam and even China for leadership in the global apparel industry. He’s a second-generation manufacturer, who’s transformed his small family undershirt business in southern India into an apparel exporter of 1,700 employees and aims to double its sales by 2020. When it ...

  Bloomberg China Overseas Land & Investment Ltd., the country’s second-largest developer by market value listed in Hong Kong, said first-half profit jumped 21 percent on gains from property sales as the nation’s residential prices soared. Net income rose to HK$19.7 billion ($2.5 billion) from HK$16.3 billion a year earlier, the company said in a Hong Kong stock exchange filing. ...