International News

Bloomberg UK carmakers, already reeling from more than 500 million pounds ($628 million) in costs to prepare for Brexit, made an eleventh-hour call on the government to strike a deal with the European Union to safeguard the future of the industry. Crashing out of the EU would threaten jobs and the sector’s long-term survival, the Society for Motor Manufacturers and ...

Bloomberg Harley-Davidson Inc has halted production of LiveWire, the debut electric bike it’s counting on to attract new riders. The motorcycle maker recently discovered an issue during final quality checks, according to an emailed statement that doesn’t provide details. Harley said it stopped production and deliveries as it conducts additional testing and analysis. Chief Executive Officer Matt Levatich, who’s presided ...

Bloomberg Investor confidence in Germany’s economic outlook remained weak in the latest sign of concern that the nation has slipped into a recession amid trade tensions. ZEW’s index of expectations for the next six months declined to minus 22.8, compared with minus 22.5 last month. Measures of current conditions in Germany and of expectations for the euro zone both worsened. ...

Bloomberg WeWork has backed out of an ambitious project to outfit a 36-story tower in Seattle with co-working space and its co-living offshoot, as the company looks to shore up its finances. WeWork won’t lease the building at 3rd Ave and Lenora St from Martin Selig Real Estate, according to a joint statement from the companies. The decision leaves one ...

Bloomberg Apple Inc is planning to bring 5G to the iPhone next fall, more than a year behind some rivals. The company can ill afford to let the timing slip. Apple’s most recent iPhone launch focussed on camera improvements, and there was no mention of 5G, the latest, fastest wireless standard. Meanwhile, at least 20 5G smartphones are being rolled ...

Bloomberg An Indian court temporarily halted JSW Steel Ltd’s $2.8 billion purchase of insolvent Bhushan Power & Steel Ltd, a move that hurts the South Asian nation’s effort to clean up the world’s worst bad-debt pile. The National Company Law Appellate Tribunal (NCLAT) ordered a freeze on payment by the Sajjan Jindal-led mill and took objection to the Enforcement Directorate, ...

Bloomberg Indian Railway Catering & Tourism Corp (IRCTC) more than doubled on the first day of trading, the best debut for a mainboard listing since 2017, after its public float emerged as the most sought after for the nation’s state-run firms. Lured by IRCTC’s monopoly status, investor demand exceeded shares on offer by 112 times, eclipsing the government-owned Housing & ...

Bloomberg Chinese auto sales fell in September for the 15th month in 16, extending their unprecedented slump despite government efforts to support the world’s largest car market. Sales of sedans, sport utility vehicles, minivans and multipurpose vehicles dropped 6.6% from a year earlier to 1.81 million units, the China Passenger Car Association (PCA) said. The only increase since mid-2018 came ...

Bloomberg Tencent Holdings live-streamed two National Basketball Association (NBA) games played outside of China on Monday, even as the nation’s top broadcaster shuns the league because of a controversy around Hong Kong’s pro-democracy movement. The Chinese social media giant aired a game between the Chicago Bulls and Toronto Raptors and another between Maccabi Tel Aviv and Minnesota Timberwolves, according to ...

Bloomberg China’s shoppers and investors lost their appetite for gold this year — and there’s little expectation of any major improvement in 2020 as slowing growth and higher prices crimp consumer spending. Jewellery consumption is forecast to drop 4% to about 660 tons this year, according to forecasts from Metals Focus Ltd, while a decline of more than 20% to ...