Bloomberg UK Prime Minister Boris Johnson plans to use high tariffs as “leverage†to accelerate trade talks with the European Union, US and other nations, The Times of London reported. The tariffs could result in taxes of 30% on some French cheeses and 10% tax on German cars, the newspaper said. Britain currently has trade deals with a number of ...
Read More »International News
YouTube to broadcast ‘Call of Duty League’
Bloomberg YouTube secured the exclusive rights to broadcast some of the biggest esports leagues, giving Google a boost in its efforts to push into the lucrative world of video games. The deal, signed between Alphabet Inc’s Google and video game publisher Activision Blizzard Inc, gives YouTube the rights to broadcast the new Call of Duty League and the already-popular Overwatch ...
Read More »US states object to Google’s ‘Wi-Spy accord’
Bloomberg Attorneys general from nine states urged a federal judge to toss out Google’s $13 million settlement of a class-action lawsuit blaming its Street View mapping technology for a massive violation of consumer privacy. The proposed accord in a debacle that became known as “Wi-Spy†doesn’t offer compensation for millions of people whose confidential data was captured off their Wi-Fi ...
Read More »SoftBank’s telecom unit taps banks for bond sale
Bloomberg The Japanese telecom business of Masayoshi Son’s technology conglomerate mandated banks for its first domestic bond sale since listing in 2018, people familar with the matter said. SoftBank Corp will seek to price yen-denominated bonds before March 31, Japan’s fiscal year end, according to the people, who asked not to be identified because the matter is private. The company ...
Read More »China orders travel agencies to cancel tours amid virus threat
Bloomberg China has ordered all travel agencies to suspend sales of domestic and international tours as part of an effort to contain the spread of a novel coronavirus that has killed 25 and sickened hundreds. The Ministry of Culture and Tourism ordered travel agencies and tourism companies to stop selling tour packages beginning from January 24, according to a document ...
Read More »Shetty family’s fortune tumbles $1.5b post Muddy Waters attack
Bloomberg The year is starting off much like the last one ended for the Shetty family. The billionaire clan behind financial services firm Finablr Plc and hospital operator NMC Health Plc has seen its fortune drop more than $1.5 billion since it came under fire in December from short seller Carson Block. The latest blow came after a filing revealed ...
Read More »Huawei gets reprieve as Trump aides fail to agree on restrictions
Bloomberg A US proposal to further restrict sales to China-based Huawei Technologies Co has encountered objections within the Trump administration and is being held up as officials debate whether the step could harm exporters, a person familiar with the process said. Commerce Secretary Wilbur Ross said new rules coming soon will put more limits on technology sales to Huawei, which ...
Read More »Singapore’s home prices up 0.5% in Q4
Bloomberg Singapore private home prices rose just 0.5% in the final quarter of 2019, with the slowdown reflecting the lingering impact of government curbs more than a year after they were imposed. The rise was slightly higher than the preliminary estimate of a 0.3% gain, data from the Urban Redevelopment Authority show-ed, and compared with a 1.3% expansion in the ...
Read More »In HK, choosing restaurants is a political act
Bloomberg In deciding where to dine out in Hong Kong these days, many local residents are turning to a Yelp-like mobile app: Not for reviews of food or service, but to separate “yellow†from “blue†eateries. After more than seven months of unrest, even choosing a restaurant has become political in Hong Kong. Of 3,000 eateries listed on the app, ...
Read More »Mitsubishi probed in Germany over alleged emission fraud
Bloomberg Mitsubishi Motors Corp and Denso Corp had their German operations probed by investigators over allegations that they may be involved in equipping diesel engines with devices to cheat on emissions tests. Police and prosecutors began investigating 10 sites across Germany, Nadja Niesen, a spokeswoman for Frankfurt prosecutors, wrote in an emailed statement. A spokeswoman for Denso, an auto parts ...
Read More »