International News

Bloomberg UK Prime Minister Boris Johnson is set to push ahead with the HS2 high-speed rail project linking London to northern England, despite political opposition and spiralling costs. The new route will be the UK’s biggest ever infrastructure project — and currently Europe’s largest — but the total price tag could reach more than 100 billion pounds ($129 billion). The ...

Bloomberg The UK will need to go further than Canada in its commitments to the European Union (EU) if it wants to trade without tariffs and quotas, European Commission President Ursula von der Leyen warned, further raising the temperature with Britain before negotiations on the future relationship even start. In a direct, personal response to the speech by Prime Minister ...

Bloomberg T-Mobile US Inc is poised to win court approval for its $26.5 billion takeover of Sprint Corp, according to a person with knowledge of the matter, defeating a state-led lawsuit that sought to block the industry-altering wireless deal. US District Court Judge Victor Marrero in Manhattan is expected to rule, said the person, who asked not to be identified ...

Bloomberg Daimler AG slashed its dividend to the lowest since the financial crisis and promised deeper cost cuts as Chief Executive Officer (CEO) Ola Kallenius frees up cash this year to electrify its vehicle lineup. Kallenius, who has struggled to make headway on a restructuring push in his first nine months on the job, vowed to deliver “significantly” higher profit ...

Bloomberg Amazon.com Inc has asked the US Court of Federal Claims to allow it to question President Donald Trump in its lawsuit challenging the loss of a highly lucrative cloud contract. In a court filing made public, Amazon asks to question Trump and top Pentagon leaders about their role in the Pentagon’s Joint Enterprise Defense Infrastructure (JEDI) cloud contract that ...

Bloomberg The Trump administration’s indictment of Chinese military personnel over one of the biggest data thefts in US history highlights a key source of animosity remaining between the two sides after their “phase one” trade deal. The US Department of Justice announced the charges against four People’s Liberation Army members over a 2017 hack of credit reporting agency Equifax Inc, ...

Bloomberg The outbreak of coronavirus may have cost China’s retail and food service sectors billions of dollars in sales during the Lunar New Year week, according to a leading food and agricultural bank. Revenue lost in both retail and food services during the Lunar New Year week could range from 20% to 80%, representing a fall of $31 billion to ...

Bloomberg Carlos Ghosn’s lawyers faced off with Nissan Motor Co in an Amsterdam court for the first time since the former executive’s dramatic escape from Tokyo last year. Ghosn is suing his former employer for 15 million euros ($16.4 million) as part of a Dutch wrongful dismissal lawsuit. At a hearing, his lawyers asked a court for access to documents ...

Bloomberg Singapore could see a 25% to 30% decline in tourist arrivals and spending this year because of the coronavirus outbreak, as the industry braces for a worse impact than the 2003 Sars pandemic, the city’s tourism chief said. The city-state is losing about 18,000 to 20,000 tourists a day, and the figures could plummet further if the situation persists ...

Bloomberg India will remove foreign investment limits on some sovereign notes as part of its attempts to get inclusion in global bond indexes, the country’s chief economic adviser said. Issuing new debt with no limits on investments by foreigners will be the first “necessary step” for the inclusion in the indexes, Krishnamurthy Subramanian, the economic adviser, said in an interview ...