International News

Bloomberg In its search for a potential factory location in Europe, Tesla Inc. examined areas in Germany’s state of North Rhine-Westphalia, Rheinische Post reported. Tesla representatives also inspected possible sites in Lower Saxony, newspaper NWZ reported earlier in the week. In June, CEO Elon Musk called Germany “a leading choice for Europe” in a reply to a tweet asking if ...

Bloomberg The cost of producing hydrogen gas with renewables is likely to plummet in the coming decades, making one of the most radical technologies for reducing greenhouse gases economical. That’s the conclusion of an analysis by BloombergNEF, which said the most abundant element is likely to play a growing role in reducing pollution from power producers and industry. The findings ...

Bloomberg Japan’s key consumer prices continued to rise at the same pace in July, amid increasing speculation that the Bank of Japan (BOJ) may ramp up its stimulus as early as next month. Prices excluding fresh food rose 0.6% in July from a year earlier, matching economists’ median estimate, according to data from the internal affairs ministry. The downward impact of ...

Bloomberg Asia’s cocoa industry is scouring for ways to boost local bean supplies as the region’s chocoholics munch through more candy than ever. The solution is to increase production in Indonesia, the top supplier and processor in the region, according to the Cocoa Association of Asia. But that’s going to be a tough assignment because it means reversing a relentless ...

Bloomberg Singapore is offering a rare opportunity to buy positive-yielding quality bonds in a world that’s rapidly turning negative. The city state, which pays the highest returns among economies that have AAA credit ratings from all three major agencies, will sell reopened July 2029 government debt worth S$2.9 billion ($2.1 billion) on Wednesday, the second-largest amount on record for 10-year ...

Bloomberg Japanese consumers may face a costlier bill to stay warm this winter if South Korea bans exports of heating fuel to its neighbour as the trade feud between the two countries deepens. Kerosene is used as a fuel in portable stoves and fan heaters, particularly in the colder northern part of Japan. While local production accounts for about 90% ...

Bloomberg Huawei Technologies Co. expects US export restrictions to reduce annual revenue at its consumer devices business by about $10 billion, as the company is banned from buying American components like semiconductors and software. China’s largest technology company is seeking ways to replace key US suppliers such as Cadence Design Systems Inc. and Synopsys Inc., Deputy Chairman Eric Xu said. ...

Bloomberg Deep in Europe’s manufacturing core, a German company is taking radical steps to cope with a perfect storm that has sent traditional economic pillars into a tailspin and put the country on the verge of recession. Huebner GmbH — a 73-year-old supplier of rubber and plastics that employs 3,300 people around the world — is selling its unit that ...

Bloomberg The US and Japan have agreed in principle on a trade deal that will include Japanese purchases of US agriculture products, US President Donald Trump said. Trump and Japan’s Shinzo Abe made the announcement on Sunday in Biarritz, France, at the Group of Seven summit after holding a bilateral meeting earlier in the day. “We’ve agreed in principle,” Trump ...

Bloomberg The founder of IWG Plc is planning to spin off the firm’s US business into a separately listed company in New York, Sky News reported. IWG Chief Executive Officer Mark Dixon is in talks with investment banks about creating a standalone business to rival WeWork Cos., London-based broadcaster said on its website. Sky said that IWG’s US operations could ...