International News

Bloomberg J2 Acquisition Ltd, the investment vehicle backed by serial dealmaker Martin E Franklin, made its debut acquisition after an almost two-year search with an agreement to acquire U.S. engineer and oil pipeline contractor APi Group Inc. for about $2.9 billion. London-based J2, which is run by Franklin and long-time partners James Lillie and Ian Ashken, is looking to build ...

Bloomberg US factory activity unexpectedly contracted in August for the first time in three years as shrinking orders, production and hiring pushed a widely followed measure of manufacturing to its lowest level since January 2016. The Institute for Supply Management’s purchasing managers index fell to 49.1 in August, weaker than all forecasts in a Bloomberg survey of economists, data released ...

Bloomberg Prince Harry wants you to think a bit harder about whether your next vacation abroad risks harming the planet. He’s setting up a sustainable tourism initiative called Travalyst, which aims to support local people, protect wildlife, tackle climate change and environmental damage, and alleviate over-tourism. It’s a tall order but Visa, TripAdvisor, Booking.com, Skyscanner and Ctrip are buying into ...

Bloomberg The contraction in the UK construction industry gathered pace in August as increased political uncertainty saw new orders fall at fastest pace in more than ten years. The sector shrank for a fourth-straight month as business optimism slipped to the lowest since the depths of the financial crisis in 2008, according to IHS Markit. The figures follow similarly disappointing ...

Bloomberg Talks between the economy ministers of Japan and France to strengthen the partnership between Nissan Motor Co and Renault SA are the latest sign that the two sides are working toward resolving a dispute between the carmakers. Hiroshige Seko, the economy and trade minister of Japan, and Bruno Le Maire, the French Finance Minister, reaffirmed their support for the ...

Bloomberg India’s longest growth slump since 2012 is heightening concern that it may be tough for policy makers to reverse the slowdown. “Growth has now slipped below the long term trend of 6.6 percent for two consecutive quarters, which implies that India is effectively in a quasi-recession,” Teresa John, an economist at Nirmal Bang Equities Pvt in Mumbai, said in ...

Bloomberg Huawei Technologies Co lashed out at the US government on Tuesday, accusing Washington of orchestrating a campaign to intimidate its employees and launching cyber-attacks to infiltrate its internal network. China’s largest technology company claimed the American government had instructed law enforcement agencies to threaten and attempt to manipulate its employees. Huawei also accused the US of launching attacks against ...

Bloomberg Global electric-car sales fell for the first time in modern history in July after China scaled back purchase subsidies, highlighting the role government assistance is having on the burgeoning market. Monthly sales worldwide fell 14 percent to about 128,000 plug-in passenger electric vehicles, Sanford C Bernstein said in a report. Sales declined in China and North America, while rising ...

Bloomberg Cox & Kings Ltd, the Indian travel company, is exploring a potential sale of European hospitality chain Meininger Hotels as it seeks to cut debt, according to people with knowledge of the matter. The company is working with Lazard Ltd to gauge interest from potential suitors for Berlin-based Meininger, said the people, who asked not to be identified because ...

Bloomberg An army of drones deployed to fight a crop-devouring pest in a southern area of China has recorded a mortality rate of as high as 98 percent, according to the manufacturer. XAG, a Guangzhou-based drone maker, teamed up with Germany’s Bayer Crop Science in a drone swarm operation to kill the fall armyworm in China’s Guangxi region. The autonomous ...