International News

Bloomberg China’s exports unexpectedly contracted in August, with sales to the US tumbling amid the escalating trade war between the two nations. Exports decreased 1 percent in dollar terms from a year earlier, while imports declined 5.6 percent, leaving a trade surplus of $34.84 billion, the customs administration said. Economists had forecast that exports would grow 2.2 percent, while imports ...

Bloomberg India located the spacecraft lander in its moon mission after losing contact with it, but was unable to establish communication yet, Asian News International (ANI) reported. The mission’s lunar orbiter took a thermal image of the lander on the moon’s surface, the report said, citing K Sivan, chairman of the Indian Space Research Organization (ISRO). The development comes a ...

Bloomberg The senior manager at Nissan Motor Co who led the probe into excess compensation for Chief Executive Officer Hiroto Saikawa and other executives is resigning, people with knowledge of the matter said, the latest sign of chaos engulfing the Japanese automaker’s top ranks. Christina Murray, Nissan’s vice president in charge of audit and compliance, will leave the carmaker as ...

Bloomberg As many as 69 active fires are burning throughout Queensland state in Eastern Australia, authorities said. “We know at this stage we have 17 homes lost,” Premier Annastacia Palaszczuk said at a press conference in Brisbane. The main area of concern is around the Stanthorpe, and particularly Applethorpe in the Granite Belt. Bruce Gunn, the state’s manager for the ...

Bloomberg Facebook Inc and Google are facing intensifying scrutiny by state law enforcement officers with authority to impose vast fines and even break up companies that are found to have violated antitrust and privacy rules. New York is leading a coalition of states in a wide-ranging investigation of Facebook and the Texas attorney general said that he’ll announce a separate ...

Bloomberg Renault SA and Nissan Motor Co need to define a common strategy first before discussing a potential tie-up with Fiat Chrysler Automobiles NV, French Finance Minister Bruno Le Maire said. The coolness towards the possibility of extending the alliance to the Italian-American carmaker comes against the background of a revival of France’s relationship with Italy after the installation of ...

Bloomberg Volkswagen AG said it is shuffling the leadership at its Moia unit to map out next steps in the development of its ride-sharing operations. Ole Harms, who has led Moia since its founding in 2016, will take on “a new, responsible task” within the world’s biggest automaker, the German manufacturer said in a statement. His successor will be the ...

Bloomberg Billionaire founder of Public Storage, B Wayne Hughes Sr, donated almost $400 million to the University of Southern California (USC), most of which was given anonymously, according to the Los Angeles Times. The son of a sharecropper, Hughes fled from dust storms in Oklahoma to Los Angeles, where he graduated from USC in 1957. The newspaper identified him as ...

Bloomberg Subsidies paid to UK farmers could be replaced after Brexit by cash from selling carbon credits, inducing more landowners to plant trees and protect marshlands that sequester greenhouse gases. Carbon farming has gained traction alongside markets that put a price on pollution. It’s an agricultural technique that stores carbon dioxide emissions by regenerating soil and vegetation. Farmers can potentially ...

Bloomberg The Trump administration has launched a multipronged legal assault on an agreement California struck with four carmakers in defiance of the president’s plan to ease national standards on tailpipe emissions. Lawyers from the Transportation Department and Environmental Protection Agency sent a letter to California’s top air-pollution regulator, urging the state to abandon its pact with the automakers and warning ...