International News

Bloomberg Tata Group, the owner of Jaguar Land Rover (JLR), has approached carmakers including China’s Zhejiang Geely Holding Group Co and BMW AG as it seeks partnerships for the beleaguered British automotive business, people with knowledge of the matter said. India’s largest conglomerate has said it’s open to finding partners for JLR to save on costs and share the burden ...

Bloomberg Singapore’s Temasek Holdings Pte is eyeing its first euro-bond sale in almost four years, as low borrowing costs draw more Asian issuers to Europe. The state investor may sell 12-year and 30-year benchmark notes, according to a person familiar with the matter, who is not authorised to speak publicly and asked not to be identified. The AAA rated issuer ...

Bloomberg German businesses are more pessimistic on one of their biggest markets than they’ve been in years. A survey of more than 500 companies with operations in China showed only a quarter expect to meet or exceed their business targets this year, according to the German Chamber of Commerce in China. More than 80% are experiencing either direct or indirect ...

Bloomberg India’s factory output shrank to the lowest level in eight years, as a sharp fall in capital goods production underlined weak demand in Asia’s third-largest economy. The index of industrial production fell 4.3% in September, data released by the Ministry of Statistics showed. That compares with an estimate for a 2.5% contraction, and is the lowest since October 2011. ...

Bloomberg Each year India’s rice farmers burn the stubble of the harvested crop, contributing to an annual haze that damages the health of those in and around the capital. Yet the country is producing more rice than it needs thanks to government subsidies. Guaranteed prices have encouraged farmers to grow so much rice — one of the most water-intensive crops ...

Bloomberg The Trump administration may delay a decision on whether to slap tariffs on European automobiles after an intense lobbying campaign by German carmakers highlighted plans to shift global production to American suppliers, people familiar with the White House deliberations said. In May, President Donald Trump gave himself a deadline of mid-November to decide whether to impose levies on cars ...

Bloomberg Vodafone Group Plc’s Indian venture may be headed for liquidation unless the government eases off on demands for mobile spectrum fees, the phone company’s chief executive officer said. India’s top court ordered Vodafone Idea Ltd to pay $4 billion of fees linked to past frequency licenses last month. With another airwave auction approaching, Vodafone Idea already has $14 billion ...

Bloomberg Microsoft Corp said it will extend the “core rights” in California’s new privacy law to customers across the US and called for legislators to go further than the state provisions, which have sparked concern in industries from technology to retail. The announcement by the software giant comes as tech companies and trade groups are calling for a national privacy ...

Bloomberg Bankrupt utility giant PG&E Corp is trying to offer $13.5 billion in compensation to the victims of wildfires sparked by its power lines as part of a restructuring plan, according to people with knowledge of the situation. In doing so, the San Francisco-based power company would be providing the same amount that a group of its creditors — led ...

Bloomberg Space Exploration Technologies Corp launched its second batch of 60 Starlink satellite, taking another step towards Elon Musk’s vision to create a network for space-based broadband internet service around the world. One of SpaceX’s Falcon 9 rockets rumbled aloft at 9:56 am on local time from Cape Canaveral Air Force Station in Florida on October 11. The satellites deployed ...