International News

  Bloomberg Sony Group Corp led a big jump in video-game hardware sales in the US last month, in the latest sign of improving PlayStation 5 supply. The Tokyo-based entertainment giant drove a 45% spurt in US games hardware sales to $1.3 billion in November, according to the NPD Group. Back home in Japan, the company’s in-demand console can now ...

Bloomberg Farmers in India are being encouraged to sell their crop waste rather than burn it to help accelerate progress on curbing fires that spread a deadly, choking smog across key cities. Smoke from the burning of crop stubble lingers over most of north India for weeks during the cold months of November and December, with air quality deteriorating to ...

  Bloomberg Takeda Pharmaceutical Co agreed to pay as much as $6 billion for an experimental immune therapy from Nimbus Therapeutics, part of the Japanese drugmaker’s hunt for promising new products. Takeda will pay $4 billion upfront for the drug, which is called NDI-034858 and will be renamed TAK-279, the companies said in a statement. Cambridge, Massachusetts-based Nimbus is also ...

Bloomberg Senator Joe Manchin is pressing Treasury Secretary Janet Yellen to stand firm on North American-based manufacturing requirements for lucrative electric-vehicle tax credits under the Inflation Reduction Act, setting up a battle between the West Virginia Democrat and Korea’s Hyundai Motor Co. At stake is whether Treasury would hand out the full $7,500 per vehicle in tax credits to more ...

  Bloomberg Paytm’s plan to buy back shares has left investors surprised and worried about the loss-making Indian fintech firm’s growth prospects as it uses funds to prop-up its hammered stock. The board of One 97 Communications Ltd, the listed-entity that runs Paytm, was expected to decide on the buyback. The move comes as the stock has plunged about 75% ...

  Bloomberg Aditya Birla Capital Ltd, controlled by billionaire Kumar Mangalam Birla, is considering selling its insurance brokerage unit as the group seeks to restructure its financial services business, people familiar with the matter said. The publicly-traded company has held talks with potential buyers about a sale of Aditya Birla Insurance Brokers Ltd as it failed to scale up the ...

  Bloomberg A group of creditors to Byju’s, India’s most valuable startup, has asked the company to immediately repay part of a $1.2 billion loan they recently bought into as they renegotiate terms of the debt, according to people familiar with the matter. The lenders have hired Houlihan Lokey Inc to advise them on amending covenants after the edtech titan ...

  Bloomberg Food delivery unicorn Line Man Wongnai is in talks to acquire Delivery Hero SE’s Foodpanda in Thailand as it plans for a stock-market debut in the next few years, according to people familiar with the discussions. Bangkok-based Line Man Wongnai considered a deal at around $100 million at one point, but the value is likely to have changed ...

  Bloomberg Japan is set to increase the annual limit on tax-free investment accounts aimed at the middle classes and raise taxes on ultra-wealthy individuals, as PM Fumio Kishida pursues his agenda of fairer distribution of the fruits of growth. The revamped NISA tax-exempt system will expand the amount that people may invest over a lifetime to Â¥18 million ($131,000), ...

  Bloomberg GoTo Group jumped by the most since May as some brokers upgraded the battered stock following weeks of sharp selloff. The Indonesian ride-hailing and e-commerce provider surged 15% to 100 rupiah, snapping 16 straight sessions of losses. Trading volume also soared to about 30 times its three-month average. Even with the latest gain, the stock has plunged more ...