International News

Bloomberg The US has moved closer to resuming lucrative chicken exports to China after more than a hundred American processing plants were given approval to ship to the Asian nation. China authorised poultry imports from 172 facilities in the US, according to a notice on the nation’s customs website. Chicken giants Tyson Foods Inc, Pilgrim’s Pride Corp and Sanderson Farms ...

Bloomberg Tesla Inc Chief Executive Officer Elon Musk said the company has amassed 146,000 orders for its Cybertruck, less than 48 hours after the polarising vehicle was first shown amid shattered glass. The electric-car maker has a history of unveiling future products to throngs of excited customers, taking deposits, and then delivering years later. Two years ago, Tesla showed off ...

Bloomberg The US Commerce Department has started approving some suppliers’ applications for licenses to do business with China’s Huawei Technologies Co, partially reopening access to one of the biggest buyers of US technology. “We’ve had 290-something requests for specific licenses,” Commerce Secretary Wilbur Ross said in an interview with Fox Business Network. “We’ve now been starting to send out the ...

Bloomberg Tesla Inc said it’s planning to start delivering made-in-China Model 3 cars before late January, another sign that the company is nearing mass production in the world’s largest auto market. “We are making an effort to gradually deliver before the Spring Festival to let our customers drive our China-built Model 3 sedans back home for the holidays,” Tesla said ...

Bloomberg US President Donald Trump, touring an Apple Inc assembly plant in Texas, said he’s “looking at” exempting the iPhone maker from tariffs on goods imported from China. Trump made the remarks alongside Apple Chief Executive Officer Tim Cook at a Flex Inc facility in Austin, Texas, that is manufacturing Apple’s new Mac Pro desktop computer. Trump repeated previous comments ...

Bloomberg The US government has approved the sale of naval guns worth $1 billion to India in the biggest defense deal between the two countries in four years. Putting the US among the top three global arms suppliers to India, the State Department on November 19 of the possible foreign military sale of as many as 13 naval guns made ...

Bloomberg Amazon.com Inc filed a lawsuit challenging the Defense Department’s choice of rival Microsoft Corp for a Pentagon cloud-computing contract worth as much as $10 billion. The lawsuit, which was filed under seal in the US Court of Federal Claims in Washington, marks Amazon’s most aggressive push to defend its competitive edge in the lucrative and cutthroat world of federal ...

Bloomberg Audi AG said it is in talks to buy batteries from China’s BYD Co for its locally made cars, a move that would break the luxury automaker’s reliance on a single supplier in the country as it rolls out new electrified models. “We are in talks with BYD, but I cannot tell you details,” Gaby-Luise Wuest, Audi’s recently appointed ...

Bloomberg India will defer spectrum payments due from telecommunications companies for two years to help an industry ravaged by a year-long price war, mounting debt and a court decision last month demanding $13 billion in overdue fees. The moratorium will be for two years beginning April 2020, finance minister Nirmala Sitharaman told reporters after a cabinet meeting in New Delhi. ...

Bloomberg SoftBank Group Corp is in talks to receive as much as 300 billion yen ($2.76 billion) in financing from Mitsubishi UFJ Financial Group Inc, Sumitomo Mitsui Financial Group Inc and Mizuho Financial Group Inc, according to people familiar with the matter. The loans are part of the company’s regular financing, one of the people said, asking not to be ...