International News

Bloomberg Huawei Technologies Co is making a Hail Mary bid to undo a US law that prohibits federal agencies and contractors from buying or using the Chinese telecom giant’s equipment because of the alleged risk of “cyber exploitation” by China. Lawyers for Huawei were due in federal court to convince a judge that the law is an unconstitutional attempt by ...

Bloomberg Chinese internet giant Alibaba Group Holding Ltd has agreed to invest in augmented-reality (AR) startup Perfect Corp in its biggest bet so far in Taiwan, people with knowledge of the matter said. Alibaba is leading a new round of funding for Perfect Corp, according to the people, who asked not to be identified because the information is private. Chinese ...

Bloomberg The trade war is taking its toll on Apple Inc, a new survey of Chinese consumer attitudes shows. The company tumbled to No. 24 in an annual report on China’s top brands, falling from No. 11 a year ago. In 2017, before the trade war started, Apple was fifth in this ranking. Meanwhile, Apple’s biggest local rival, Huawei Technologies ...

Bloomberg Ginkgo Bioworks Inc raised $290 million in new funding, giving a boost to a startup that designs organisms to do everything from re-create the scent of an extinct Hawaiian hibiscus to treat liver disorders in humans. The latest investment brings the Boston-based biotech’s total valuation to $4 billion, according to a person familiar with the company’s finances who wasn’t ...

Bloomberg The OECD warned that a no-deal Brexit would push the UK into a recession, send investment and exports plunging and create damaging long-term fallout for the economy. In a report, the Paris-based group said exports would “immediately decline” by 8 percent, and uncertainty would put the brakes on business spending. While part of the trade shock would be absorbed ...

Bloomberg Caisse de Depot et Placement du Quebec (CDPQ) is acquiring a minority stake in jobs website Neuvoo, the latest investment by Canada’s second-largest pension fund in companies that rely on artificial intelligence. The institutional investor, also known by its initials CDPQ, is buying $40 million worth of shares in the company, Neuvoo co-founder Maxime Droux said. Droux didn’t say ...

Bloomberg Tesla Inc’s Model 3 earned a coveted Top Safety Pick+ award from the Insurance Institute for Highway Safety (IIHS), after the sedan performed better in a crash test than the Model S. The Model 3 earned “good” crash ratings in each of IIHS’s tests, including one that measures how vehicles perform in front, driver’s-side-corner collisions. The Model S fell ...

Bloomberg Nissan Motor Co is seeking to sell a wholly owned subsidiary that distributes vehicle parts and materials in a deal that may be valued at about $1 billion, as the struggling Japanese automaker seeks to slim down, people familiar with the matter said. The company has invited private equity and trading firms to bid for 100 percent of Nissan ...

Bloomberg The trade spat between Japan and South Korea caused Korean visits to its neighbor to plunge by almost half in August, dragging down overall arrivals to Japan for only the second time in six years. Tourists from South Korea, which normally make up about a quarter of visitors to Japan, plummeted 48 percent to 308,700 people, according to the ...

Bloomberg India still ranks among the most expensive countries in the world in terms of fees charged on equity and hybrid mutual funds, even after implementation of a number of investor-friendly measures in recent years. The country’s asset-weighted median expense ratio for equity mutual funds is 1.93 percent, according to a study of by Morningstar Inc. That’s higher than all ...