International News

Bloomberg The UK labour market held up in the face of political turmoil in the three months through November, giving Bank of England (BOE) policy makers pause as they weigh whether to cut interest rates. The employment rate hit a record high after the number of people in work surged by 208,000, the most in almost a year and double ...

Bloomberg Alphabet Inc’s chief executive officer urged the US and European Union to coordinate regulatory approaches on artificial intelligence, calling their alignment “critical.” In a rare public speech in Brussels at an event hosted by European economic think tank Bruegel, Sundar Pichai, who is also CEO of Google, said “there is no question in my mind that artificial intelligence needs ...

Bloomberg Citadel Securities LLC agreed to pay a 670 million-yuan ($97 million) settlement for alleged trading irregularities during the 2015 market rout in China. The settlement was announced by the China Securities Regulatory Commission in a statement on its website. With that, the regulator has ended investigation into suspected account and asset management rule violations, it said, without giving more ...

Bloomberg India needs a bigger bond market now more than ever, to help get funds to cash-strapped companies cut off from their shadow lenders by a crisis in that sector. But a Bloomberg survey shows that sales of local rupee corporate notes will grow only 2% this year, a similar rate to 2019 that’s historically low. India’s corporate bond market ...

Bloomberg China will curtail its consumption of single-use plastic in an effort to tackle a soaring amount of the discarded material that has quickly become one of the world’s most pressing environmental crises. Non-degradable plastic bags will be banned in places such as supermarkets and shopping malls in major cities, as well as for the country’s ubiquitous food delivery services ...

Bloomberg Hong Kong’s jobless rate rose for a third month in December, as the city’s consumption and tourism-related industries remained weak amid the city’s protest-driven recession. The unemployment rate rose to 3.3% for the October to December period, the highest since March 2017. The run of three straight months is the worst spate of increases for the measure since it ...

Bloomberg This was the first time Japanese prime minister Shinzo Abe didn’t even mention the word “deflation” in his annual start-of-the-legislative-session speech to lawmakers, an omission that may help cement a view the Bank of Japan (BOJ) is now under less pressure to meet its elusive price target. In his 41-minute speech on Monday, Abe talked up the upcoming Tokyo ...

Bloomberg Samsung Electronics Co has appointed Taemoon Roh the head of its smartphone division, tasking a veteran executive with oversight of the world’s largest mobile devices business. Roh, who was formerly the unit’s No. 2 executive, was expected to take over the top job from Koh Dong-Jin from from Monday. Koh remains head of the Korean conglomerate’s IT and mobile ...

Bloomberg If the past three years of Brexit have been difficult and intense, the next 11 months threaten to be even more so. The UK and European Union (EU) are already at odds before they even start thrashing out the terms of their future relationship. British prime minister Boris Johnson views Brexit as an opportunity to break free from what ...

Bloomberg Hours before the seven House Democrats managers marched articles of impeachment across the Capitol last week, president Donald Trump secured what he’s relying on to counter any political damage — a cease-fire in the trade war with China. With little chance the Republican-controlled Senate will convict him on two articles of impeachment, the greatest danger to Trump is that ...