International News

Bloomberg China’s top trade negotiator offered positive signals that talks with the US are making progress and both sides are working towards a partial trade deal. “China and the US have made substantial progress in many aspects, and laid an important foundation for a phase one agreement,” Vice Premier Liu He said at a technology conference in Nanchang, Jiangxi. He ...

Bloomberg Prime Minister Shinzo Abe’s cabinet approved draft legislation to impose tougher rules on overseas investments in the nation’s stock market, targeting foreign state-owned firms. The planned rules will require overseas investors to report in advance when they plan to buy more than 1% of shares in companies related to Japan’s national security, compared with the current 10% threshold, according ...

Bloomberg President Donald Trump pulled his Trump National Doral golf resort in Miami as the venue for the 2020 Group of Seven meeting after facing widespread criticism that he was using a major government event for personal gain. The search will start for a new location, including the possibility of using Camp David, he said in a tweet. In earlier ...

Bloomberg Chilean President Sebastian Pinera suspended a hike in subway fares in a bid to defuse the tension that sparked violent protests in South America’s wealthiest nation. “I have humbly listened the voice of my compatriots and I will not be afraid to continue listening to that voice,” Pinera said. The protests, essentially against income inequality, prompted the government to ...

Bloomberg Sanofi is voluntarily recalling heartburn medication Zantac in the US and Canada amid worries that the medicine may be tainted with a compound that could cause cancer. The French pharma company’s announcement follows decisions from major drugstore operators in the US, including Walgreens Boots Alliance Inc and Walmart Inc, to pull the medication from store shelves. In addition, manufacturers ...

Bloomberg Johnson & Johnson is recalling one lot of its Johnson’s Baby Powder after tiny amounts of asbestos contamination were found in samples from a single bottle purchased online. J&J is voluntarily recalling the lot, #22318RB, which consists of 33,000 bottles, and is encouraging people who bought the product to discontinue use. The company said that it is working with ...

Bloomberg Brexit won’t have a big impact on the European or global economies, former Bank of England governor Mervyn King said, offering a counterpoint to persistent concerns by global policy makers that the move could further dent already-weakening growth. “I don’t honestly believe that Brexit has any great significance even for the rest of Europe, let alone the rest of ...

Bloomberg Renault SA set a gloomy tone for the European automotive sector by slashing its outlook for revenue and profit, saying weakening economies are weighing on car sales and tougher rules on emissions have increased costs. The French carmaker’s shares fell the most since the arrest last year of former boss Carlos Ghosn. Renault reduced its financial guidance for 2019, ...

Bloomberg The United Auto Workers (UAW) will continue striking against General Motors Co until a tentative deal is ratified by members, extending its walkout for at least another week. Voting on the proposed contract was expected to begin on October 19 and ballots will be due by October 25, Brian Rothenberg, the UAW’s spokesman, said during a press conference in ...

Bloomberg US lawmakers from both parties slammed Apple Inc and Chief Executive Officer Tim Cook for “censorship of apps” at the “behest of the Chinese government.” Senators Ted Cruz, Ron Wyden, Tom Cotton, Marco Rubio and Representatives Alexandria Ocasio-Cortez, Mike Gallagher and Tom Malinowski expressed concern about the removal of an app that let Hong Kong protesters track police movement ...