International News

Bloomberg The UK will grapple with a shortage of fuel, food and medicine as well as job losses and a disruption at its ports of as long as three months with a no-deal Brexit, the Sunday Times reported, citing leaked government documents. The dossier called “Operation Yellowhammer,” prepared by the cabinet office, also warned that the supply of fresh food ...

Bloomberg Tesla Inc. will bring its solar technology business to Europe next year, Chief Executive Officer Elon Musk wrote on Twitter. Tesla Solar uses roof tiles with solar cells embedded inside to allow people’s homes to convert sunlight into electricity. Musk announced a re-launch of the design on Sunday, which he says could save $500 a year in utility bills ...

Bloomberg Shopify Inc.’s scorching rally and Lightspeed POS Inc.’s successful trading debut this year are throwing the spotlight on who might be the next Canadian tech star to go public. A total of C$1 billion ($751 million) was invested in 142 venture capital deals in the first quarter, up 48% from a year earlier, according to the Canadian Venture & ...

Bloomberg Thailand plans a 316-billion-baht ($10.2 billion) package of government spending and loans to counter an economic slowdown caused by the US-China trade war and currency strength. The package includes help for farmers and people on low incomes, as well as initiatives to bolster consumer spending and investment, Finance Minister Uttama Savanayana said in a briefing in Bangkok. The proposal ...

Bloomberg China is stepping up its soybean buying in Brazil as growers in Argentina continue to hoard and the Asian nation avoids American oilseed after an escalation in trade tensions between Washington and Beijing. Private and state-owned companies bought 25 to 30 cargoes of soy from Brazil this week through, according to people familiar with the matter, who asked not ...

Bloomberg Governments in Asia are seeking to tap private investment for the region’s substantial infrastructure needs as the current rate of public financing is “insufficient and unsustainable,” said Indranee Rajah, Singapore’s second minister for finance and education. Globally, government financing accounts for 40% of infrastructure expenditure, and 70% in emerging markets, while in Asia, this stands at 90%. “This rate ...

Bloomberg There’s a new owner of the Brooklyn Nets. Alibaba Group Holding Ltd. Executive Vice Chairman Joe Tsai exercised his option to buy the rest of the team that he didn’t already control — along with the Barclays Center arena — ending Mikhail Prokhorov’s ownership tenure and bringing another deep-pocketed international presence to the National Basketball Association. Financial terms weren’t ...

Bloomberg Pakistan’s Power Cement Ltd. has suspended almost a third of its output as demand and prices fall amid an economic downturn and higher costs bite. The second largest producer in the country’s south has shut about 3,150 tons per day of old, high-cost production capacity after market conditions rendered them unviable. Newer lines accounting for 7,700 tons remain operational. ...

Bloomberg Australia’s labour market surged in July, adding almost three times the forecast number of jobs, while unemployment remained stuck at 5.2% as the workforce swelled to a fresh record. The economy added 41,100 roles from the previous month, with more than three-quarters of them full-time, the statistics bureau said in Sydney. Economists had forecast a gain of just 14,000. ...

Bloomberg If self-reinforcing recession fears are the greatest risk to the record-long US expansion, as posited by Bank of America Corp. Chief Executive Officer Brian Moynihan, the latest consumer sentiment report hinted that those concerns may be starting to emerge. “We have nothing to fear about a recession right now except for the fear of recession,” Moynihan said in a ...