International News

Bloomberg China was the leading source of planned foreign direct investment in the year ended-June, leading a recovery in the value of project approvals in Uganda. Chinese companies accounted for $607.3 million, or 45 percent, of the total planned investment projects cleared in the past financial year, the Uganda Investment Authority acting Director-General Lawrence Byensi said in an emailed statement. ...

Bloomberg Ford Motor Co is set to transfer most of its assets in India to a joint venture with Mahindra & Mahindra Ltd after failing to make meaningful inroads for more than two decades in the world’s fourth-largest automobile market, people with knowledge of the matter said. Mahindra, one of India’s largest automakers, will own 51 percent of the new ...

Bloomberg The number of Chinese tourists visiting Thailand topped 1 million in August for the first time in six months, brightening an otherwise dim outlook for the nation’s economy. Chinese arrivals surged almost 19 percent to 1.03 million during the month compared with a year earlier, Tourism Ministry data showed. Overall visitor growth of 7.4 percent was the strongest this ...

Bloomberg Facebook Inc sent a clear signal with its agreement to buy a brain computing startup: heightened regulatory scrutiny and intensifying antitrust probes won’t slow down its pace of acquisitions. With its announcement of plans to purchase CTRL-Labs for at least $500 million, Facebook continued its pattern of snapping up promising startups in new markets, the very behaviour that the ...

Bloomberg Aston Martin Lagonda Global Holdings Plc raised $150 million in a steeply priced bond sale, responding to liquidity concerns as the luxury carmaker bets that a future SUV model will boost cash flow. The debt issue comes with a 12 percent coupon, double the cost of Aston Martin’s existing bonds. A further $100 million of notes could be available ...

Bloomberg Renault SA Chairman Jean-Dominique Senard said he would back a tie up with Fiat Chrysler Automobiles NV should another opportunity arise to get a deal. If the project with Fiat “were to come back under conditions that are acceptable for all, I would be delighted,” Senard told French senators at a hearing in Paris, adding that there’s nothing currently ...

Bloomberg Bain Capital and Advent International are preparing a fresh bid for German lighting maker Osram Licht AG, ratcheting up a bidding war with Austrian sensor maker AMS AG, according to people with knowledge of the matter. The two buyout firms planneed to announce their intention to submit a new proposal as soon as Wednesday, with a formal bid coming ...

Bloomberg Contract workers for Google in Pittsburgh voted to join the United Steelworkers, according to the union. The result was 49 votes for and 24 against, said Maria Somma, the organising director for the union. This is one of the first victories for organised labour since waves of employee activism began consuming the technology giant last year. The union hopes ...

Bloomberg Google won a European Union court battle against plans to impose a global “right to be forgotten” in the latest landmark ruling over where to draw the line between privacy and freedom of speech. The EU Court of Justice said search engines should remove results on European versions of its websites and weren’t required to scrub links globally. Five ...

Bloomberg Germany is not on the verge of a recession and old-style stimulus programmes are not in vogue any more, Economy Minister Peter Altmaier said on Tuesday. While Altmaier denied the country was heading into a recession, he said the deteriorating international scenario was beginning to weigh on the export-driven economy. “I think old-style stimulus programs are not in vogue ...