International News

Bloomberg The European Union’s planned carbon tax on steel is a trade barrier that India and other governments will probably oppose, according to one of the biggest exporters of the alloy in the South Asian nation. The Carbon Border Adjustment Mechanism, or CBAM, which imposes duties on certain imports from countries that don’t price carbon the way Europe does, will ...

  Bloomberg Tencent Holdings Ltd secured a green-light for another clutch of major game titles, reinforcing hopes Beijing is easing a crackdown on the world’s largest mobile gaming arena. It was only the second time the Chinese tech giant gained licenses for blockbuster titles since Beijing resumed issuing them in April. “Pokémon Unite,” developed in tandem with Nintendo Co, was ...

Bloomberg BioNTech SE’s Chinese partner has started allowing mainland Chinese to register for its mRNA Covid-19 vaccine in Hong Kong ahead of a border reopening early next month that may spark a wave of visitors to the financial hub. Shanghai Fosun Pharmaceutical Group Co is letting people register for the shot through its app and online, with the company asking ...

  Bloomberg Honda Motor Co will recall more than 200,000 cars made in China, citing issues with brake pedal sensors that could make it harder to stop. The Japanese carmaker will recall 105,608 hybrids made between October 2018 and September 2020 at its manufacturing venture with Dongfeng Motor Group Co, China’s State Administration for Market Regulation said in a statement. ...

  Bloomberg South Korea put out its first strategy report for the Indo-Pacific region, which hardly mentions China and signals Seoul is seeking a cautious balance between its biggest trade partner Beijing and main military ally, the US. The 43-page document titled the “Strategy for a Free, Peaceful, and Prosperous Indo-Pacific Region,” issued a single paragraph about relations with China. ...

Bloomberg Britain’s cost-of-living squeeze will tighten in 2023, with families shouldering higher tax payments at a time when energy bills and interest rates also are soaring. The Resolution Foundation said the average household will pay £1,000 ($1,204) more in taxes next year and £900 more for electricity and natural gas. About 2 million mortgage holders will suffer an average increase ...

Bloomberg Canada’s merger court ruled in favour of Rogers Communications Inc and Shaw Communications Inc in a key antitrust case, clearing one of the final hurdles to the union of two of the nation’s largest telecommunications firms. The federal antitrust commissioner failed to prove that the deal would cause significant harm to competition in the industry, the Competition Tribunal said ...

  Bloomberg The European Commission has asked EU member states to review Covid testing and sequencing procedures and to consider scaling them back up amid increased concern about the virus spreading from China. “If a new variant of the SARS-CoV2 virus appears — be it in China or in the EU — we must detect it early in order to ...

  Bloomberg Spanish inflation slowed for a fifth straight month in December, decelerating by nearly half since mid-year as energy costs continue to decline in the euro zone’s fourth-largest economy. Consumer prices rose 5.6% from a year earlier, down from a 6.7% advance in November, the statistics institute said. That’s a better reading than the 5.8% median estimate in a ...

Bloomberg Tesla Inc is expected to announce record quarterly deliveries in early January but that may not be enough to satisfy investors as the electric-vehicle leader grapples with inflation, rising interest rates, crimped production in China and concerns about softening demand. In an effort to clear inventory, Tesla offered a rare $7,500 discount to US customers who took delivery of ...