International News

Bloomberg Uber Technologies Inc sold its self-driving car division to Aurora Innovation Inc and took a stake in the startup, creating a larger competitor to the leader in the field, Alphabet Inc’s Waymo. The deal will value Aurora at $10 billion, according to people familiar with the discussions who asked not to be identified discussing private information. In exchange for ...

Bloomberg UK and European Union negotiators were expected to resume trade talks on Sunday as both sides strive to patch up serious last-minute differences that are threatening to derail a deal. Officials said the next 48 hours would be crucial after UK Prime Minister Boris Johnson and European Commission President Ursula von der Leyen spoke by telephone and agreed to ...

Bloomberg A deadline set by the Trump administration for the forced sale of TikTok’s US assets will come and go on Friday without a final deal, according to people familiar with the discussions. While the deadline has been extended multiple times, TikTok isn’t expected to receive a new one, said the people, who asked not to be identified because the ...

Bloomberg The UK is gearing up to deploy its first Covid-19 vaccine with plans to provide the shot at more than 1,000 centres across the country over the coming weeks with the first jab expected to be given on Tuesday. The vaccine, created by Pfizer Inc and BioNTech SE, has arrived at secure locations in the UK from Belgium, the ...

Bloomberg Tesla Inc was ordered by a Beijing court to compensate the buyer of a used Model S car after concluding the electric automaker concealed structural damage on a vehicle it sold on its official website. The court ruled that Tesla should pay more than 1.1 million yuan ($168,420) to compensate the buyer, after it was discovered that part of ...

Bloomberg Christmas tree vendors got a jump on sales this year as buyers looking to chase away pandemic blues started the season early. But all that demand may not necessarily translate into fat profits for sellers of evergreens or the farmers who grow them. “We typically see a wave of buying towards the second week of December, and the day ...

Bloomberg Meituan reported a 29% rise in quarterly revenue after China’s economic recovery boosted restaurants and whetted consumers’ appetite for takeout. The world’s largest meal delivery service posted sales of 35.4 billion yuan ($5.4 billion) during the July-September period, beating the average estimate of 34 billion yuan. It also logged net income of 6.3 billion yuan, versus a projected 435 ...

Bloomberg The chances that Jack Ma’s Ant Group Co will be able to revive its massive stock listing next year are looking increasingly slim as China overhauls rules governing the fintech industry, according to regulatory officials familiar with the matter. Ant is still in the early stages of reviewing changes needed to appease regulators, who demand that its business comply ...

Bloomberg The Serum Institute of India Ltd denied allegations that a Covid-19 trial volunteer in India suffered serious side effects from a vaccine developed by AstraZeneca Plc and Oxford University, and said it would take legal action over the claims. Serum, the world’s largest vaccine manufacturer, is conducting trials of AstraZeneca’s shot locally as part of a manufacturing agreement. It’s ...

Bloomberg Malaysia will extend its movement control order on Top Glove Corp’s worker dormitories in Klang by two weeks to December 14 because of rising coronavirus cases there, according to Defense Minister Ismail Sabri Yaakob at a media briefing. The movement control at at the company’s dormitories started on November 17 and was supposed to end on Monday, but there ...