International News

Bloomberg Dressed in a red guard uniform, Gao Hongli and a group of fellow kindergarten principals are laughing and whooping like they’re on a Marxist hen night. They’ve travelled to Jinggang Mountain in Jiangxi province as part of a 100-strong delegation of preschool heads to learn how members of the Communist Party’s first rural “soviet base” lived in the late ...

Bloomberg Artificial rain created to deal with Indonesia’s massive wildfires has helped significantly lower the number of hotspots across the archipelago, authorities said. The number was down to 136, compared with 1,374 last week, according to the country’s Environment and Forestry Ministry. Since last week, Indonesian agencies have scattered more than 200,000 kilograms of salt for cloud seeding and 317 ...

Bloomberg Britain’s two largest drugmakers, betting on a new generation of cancer treatments that block tumor cells from fixing their damaged DNA, showed that these medicines work in a broad swath of patients. Women with ovarian cancer treated with GlaxoSmithKline Plc’s drug Zejula had a 38 percent reduction in the risk of dying or seeing the disease progress, the company ...

Bloomberg Switzerland’s government is bracing for a possible recession as the country’s economy goes through a difficult period and faces substantial risks, economy minister Guy Parmelin told a newspaper. “There are several signs pointing to a slowdown,” Parmelin told Schweiz am Wochenende. “The trade war between the US and China, the blockade of the WTO, the stagnating economy in Germany ...

Bloomberg Social media platforms based in the US including Facebook and WhatsApp will be forced to share users’ encrypted messages with British police under a new treaty between the two countries, according to a person familiar with the matter. The accord, which is set to be signed by next month, will compel social media firms to share information to support ...

Bloomberg De Beers is continuing its policy of offering unprecedented flexibility to diamond buyers as the mining company works to fend off a slump in demand for the gems, according to people familiar with the situation. The Anglo American Plc unit extended the policy from its August sale to customers in Botswana, according to the people, who asked not to ...

Bloomberg Elon Musk gave space fans an outline of plans for “Starship,” the next-generation vehicle his Space Exploration Technologies Corp expects to use to eventually take humans to Mars. The goal is to make “space travel like air travel,” Musk said on stage during a highly technical presentation from the company’s Boca Chica test site near Brownsville, Texas. “We’re really ...

Bloomberg Toyota Motor Corp is boosting its stake in Subaru Corp to about a fifth of the smaller automaker, as Japan’s biggest car company arms itself for a future of self-driving vehicles, electric cars and evolving transport services. Subaru, the maker of Forester and Outback wagons, will also take a stake in Toyota, strengthening their capital ties and collaboration, according ...

Bloomberg SoftBank Group Corp is tapping Marcelo Claure to help turn around WeWork, after ousting co-founder and Chief Executive Officer Adam Neumann from the corner office earlier this week. Masayoshi Son, the head of SoftBank, WeWork’s largest investor, has asked the former chief executive officer of Sprint Corp to take a more hands-on role helping oversee a cleanup of the ...

Bloomberg Vietnam’s economic growth quickened in the third quarter, underpinned by solid growth in exports and manufacturing. Gross domestic product rose 7.31 percent from a year earlier, up from a revised 6.73 percent in the second quarter, the General Statistics Office in Hanoi said on Saturday. That compared to a median estimate of 6.7 percent in a Bloomberg survey of ...