International News

Bloomberg Manufacturing across vast parts of Europe and Asia remain deeply mired in a crisis that took another turn for the worse over the weekend. One day after the US and China enacted new tariffs on each other’s imports, factories from Germany and Italy to Japan, South Korea and Taiwan sent a gloomy reminder that they are suffering badly from ...

Bloomberg China Merchants Group is in talks to invest in port assets owned by French shipping company CMA CGM as the state-owned firm seeks to diversify geographically and boost capacity, people familiar with the matter said. China Merchants is considering spending at least several hundred million US dollars on the potential transaction, according to the people, who asked not to ...

Bloomberg Singapore needs to remain open to skilled foreign workers, especially in the technology sector, in order to ensure the economy stays a globally competitive one, the nation’s trade minister said. The city-state can’t afford to take an “inward-looking, protectionist approach” like some countries that have put up barriers to protect local industries and workers, Minister for Trade & Industry ...

Bloomberg Hurricane Dorian, tied as the most powerful storm to hit land anywhere in the Atlantic, battered the Bahamas inflicting colossal damage to property and infrastructure across the chain of islands. The hurricane was packing winds with maximum sustained speeds of 165 mile-per-hour and a storm surge that could top 23 feet, potentially leaving the islands devastated for years. The ...

Bloomberg The UK’s manufacturing slump unexpectedly deepened in August as mounting Brexit uncertainty and weaker global growth pushed a gauge of the sector to its lowest level in seven years. The continued contraction was driven by a drop in new orders, while optimism among firms fell to a record low, IHS Markit said on Monday. Meanwhile, exports were hurt by ...

Bloomberg EQT Partners, the largest buyout firm in the Nordic region, is planning a Stockholm listing this year in what could be the biggest European initial public offering for a private equity firm in two decades. The planned IPO is expected to encompass 20 percent of the total number of shares in EQT, which will include at least $550 million ...

Bloomberg Porsche is expanding its app-based subscription service to four new cities in the US and Canada, deepening its experiment in flexible car ownership even as other automakers back away. The luxury sports-car brand of Volkswagen AG is adding Las Vegas, San Diego, Phoenix and Toronto to the pilot program it started in Atlanta almost two years ago. The price ...

Bloomberg UK Prime Minister Boris Johnson pledged billions of pounds for education, social care and transportation, and warned Conservative lawmakers to get behind his Brexit plan or face losing their party affiliation. Prime minister tells Sunday Times: “The fundamental choice is this: are you going to side with Jeremy Corbyn and those who want to cancel the referendum?” Michael Gove, ...

Bloomberg The National Hurricane Center (NHC) upgraded Hurricane Dorian to a “catastrophic” Category Five, the highest on its five-point scale, as the storm readies to batter the Bahamas with life-threatening surges of water and devastating winds. The forecast for Florida improved in the past day even as the situation for North Carolina is beginning to look grim. Yet the slow-moving, ...

Bloomberg The US and Poland are poised to sign an agreement on 5G security as President Donald Trump’s administration seeks to persuade European nations to block Huawei Technologies Co and other China telecommunications firms from their networks. A joint declaration on the technology could be signed as Vice President Mike Pence travels to Warsaw, according to a senior administration official ...