International News

Bloomberg For Luis Sancha, who grows olives and cereals in the countryside near Madrid, a family tradition could soon die out because his son thinks the family farm may be doomed and doesn’t want to take it on. “We got as far as the third generation but the fourth will be lost,” Sancha, 61, said in an interview outside the ...

Bloomberg Twitter Inc is acquiring Chroma Labs, a seven-person startup that was founded by former Facebook and Instagram employees for building photo and video-editing features. Chroma Labs was launched last fall with an app that lets people edit photos and videos before sharing them on the Stories features inside other apps, like Instagram or Snap Inc’s Snapchat. The company is ...

Bloomberg Along with the usual files and spreadsheets, the European Union (EU) leaders traveling to Brussels this week to thrash out the bloc’s long-term budget are being advised to bring an extra change of clothes. Maybe two. The extraordinary summit to nail down a seven-year spending plan is scheduled to start on Thursday. But no end time has been set ...

Bloomberg Amazon.com Inc is denying a Pentagon cloud-computing contract valued at as much as $10 billion was unfairly tailored for the e-commerce giant. In a court filing made public on February 17, Amazon countered rival Oracle Corp’s claims that bidding for the lucrative cloud deal was tainted by relationships between its employees and former Pentagon officials. Oracle is appealing a ...

Bloomberg UK inflation picked up for the first time in six months in January, tempering expectations for a Bank of England (BOE) interest-rate cut later this year. Consumer prices rose a stronger-than-forecast 1.8% in January from a year earlier, the fastest since July, the Office for National Statistics said . Core inflation picked up to 1.6%. The pound erased a ...

Bloomberg Microsoft Corp tested for the first time in a live election security software that executives say will help restore the trust of voters shaken by claims of fraud, hacking and disinformation in the 2016 election. The company piloted its solution to verify results, a system called ElectionGuard, with voters in Fulton, Wisconsin, who chose candidates for state Supreme Court. ...

Bloomberg President Donald Trump cast doubts over the likelihood of an anticipated trade deal with India, just days before a scheduled visit to the South Asian power. ”Well, we can have a trade deal with India, but I’m really saving the big deal for later on,” Trump told reporters as he left the White House for a trip to California. ...

Bloomberg Indian Prime Minister Narendra Modi has championed free trade in global forums over the years, but his record back home appears to be one of rising protectionism. The government has increased import tariffs over the last two years to curb cheap goods from abroad and support small- and medium-sized local manufacturers. In November, Modi pulled India out of the ...

Bloomberg The hotel development unit of Thailand’s richest man said room bookings have started to recover from the disruption caused by the novel coronavirus outbreak. The spread of the disease impacted some 60% of the hotel and retail properties in Asset World Corp’s portfolio by deterring tourism and sparking event cancellations, according to its Chief Executive Officer (CEO) Wallapa Traisorat. ...

Bloomberg Tesla Inc’s financing arrangements in China may be the subject of the Securities and Exchange Commission (SEC) inquiry that the electric-car maker disclosed last week, according to analysts at Evercore ISI. The financing Tesla lined up from local banks last year may have allowed the carmaker to delay recognition of capital expenditures, Chris McNally, who rates Tesla shares the ...