International News

Bloomberg China and neighbouring Myanmar agreed to expedite several projects designated as part of the pan-Eurasia Belt and Road Initiative in a sign of growing ties between both countries. The two sides inked 33 agreements as Chinese President Xi Jinping wrapped up a visit to the Myanmar capital of Naypyidaw on Saturday, where he met his counterpart Aung San Suu ...

Bloomberg Toyota Motor Corp has poured more money into yet another North American plant to boost production of the SUVs and trucks US customers increasingly seek instead of sedans. The Japanese automaker said it has spent $700 million and hired 150 new workers at its plant in Princeton, Indiana, mostly to increase output of its Highlander sport utility vehicle. The ...

Bloomberg India’s top court will hear a group of farmers seeking to halt land acquisition for the South Asian nation’s maiden high-speed rail project, funded by Japan. A two-judge bench headed by Justice Deepak Gupta issued a notice to the government seeking its view on the farmers’ petitions. The nation’s apex court will hear the case on March 20. The ...

Bloomberg UK Chancellor of the Exchequer Sajid Javid signalled Britain is planning to shift its economy further away from the European Union’s, firing an early salvo in what’s set to be a fractious year to hammer out their future relationship. “There will not be alignment, we will not be a ruletaker, we will not be in the single market and ...

Bloomberg US job openings fell in November to the lowest level in almost two years, indicating more employers see headcounts sufficient enough to meet demand. The number of positions waiting to be filled decreased by 561,000 to 6.8 million, the lowest since February 2018, according to the Labour Department’s Job Openings and Labour Turnover Survey, or JOLTS. Openings have steadily ...

Bloomberg European Union (EU) privacy watchdogs are gearing up to police digital assistants after revelations that Amazon.com Inc workers listened in on people’s conversations with their Alexa digital assistants. Bloomberg first reported in April that Amazon had a team of thousands of workers around the world listening to Alexa audio requests with the goal of improving the software. Similar issues ...

Bloomberg Spotify Technology SA has considered an acquisition of the Ringer website and podcast network, according to people familiar with the situation, part of a broader push into sports content. Spotify has held talks about a deal, said the person, who asked not to be identified because the discussions are private. But it’s not clear whether the transaction will happen ...

Bloomberg Facebook Inc was sued by four potential competitors who accuse it of anticompetitive behavior and who asked a judge to order Chief Executive Officer Mark Zuckerberg to give up control of the social media behemoth. The companies also said if Facebook isn’t forced to sell its WhatsApp and Instagram assets, it’ll integrate them into the social network, “consolidating its ...

Bloomberg Singapore has just made it easier for investment firms to register funds locally in a bid to increase its allure as a financial hub. A new law, which came into effect on January 14, encourages asset managers to domicile their funds in Singapore by allowing the creation of a single structure to hold a pool of assets and multiple ...

Bloomberg Indonesian prosecutors detained five suspects, including a businessman who lost a case to Goldman Sachs Group Inc in a share ownership dispute, as authorities widened a probe into investment irregularities at the nation’s oldest insurer that’s pushed it to the brink of collapse. Benny Tjokrosaputro, president director of PT Hanson International, Heru Hidayat, president commissioner of PT Trada Alam ...