International News

Bloomberg Some of Switzerland’s top university hospitals are teaming up to take on the soaring cost of cancer cell therapy offered by big pharma. The hospitals are hoping to offer the treatment for between 150,000 Swiss francs ($151,026) and 200,000 francs. That’s about one-third cheaper than the commercialised process offered by the pharmaceutical industry. “We are convinced that such cancer ...

Bloomberg The ability to stream YouTube and Netflix when a Tesla vehicle is not moving is coming soon, Tesla CEO Elon Musk said on Twitter. The change may come in August but wouldn’t take “more than a few months,” Musk said while responding to a Twitter user. Tesla owners will be able to stream while the car is moving once ...

Bloomberg President Donald Trump rejected Apple Inc’s bid to avoid tariffs on some computer parts it manufactures in China, saying the company should instead make the components in the US. The Cupertino, California-based technology giant has asked the Trump administration to exclude key components that make up the forthcoming Mac Pro high-end desktop computer from 25 percent import tariffs, weeks ...

Bloomberg Wanda Sports Group Co fell 36 percent in its trading debut after its US initial public offering raised only $190 million, less than half its earlier goal for the listing. The American depositary shares priced in the IPO at $8 and then opened at $6. The shares ended the day worth only $5.16 a share, valuing the Beijing-based company ...

Bloomberg Reliance Jio Infocomm Ltd won more subscribers to become India’s biggest telecom operator, as companies prepare for the planned rollout of a 5G network next year. Reliance Jio’s subscriber base grew to 331.3 million in the quarter ended in June, the company reported. That’s higher than nearest rival Vodafone Idea Ltd, which said its users fell to 320 million ...

Bloomberg Askul Corp plans to exercise its right to demand Yahoo Japan sell its 45 percent stake, escalating a public dispute between two major Japanese internet companies. CEO Shoichiro Iwata said he intends to propose the move at a board meeting scheduled for August 1. Whether the online retailer can force a sale hinges on the interpretation of an agreement ...

Bloomberg Profits at China’s industrial companies decreased, highlighting the headwinds faced by the world’s second-largest economy. Industrial firms’ profits fell 3.1 percent in June from a year earlier, the National Bureau of Statistics said. Changes to how the data has been collected have made economists question the accuracy of the release. China’s economic growth slowed to its weakest pace since ...

Bloomberg India deployed airforce helicopters and teams from its navy to rescue passengers stranded aboard a train stalled by heavy rainfall and floods about 60 kilometers east of Mumbai. The Mumbai-Kolhapur Mahalaxmi Express was held up since 3 a.m. local time with 700 passengers on board, India Today reported. “Following the incessant rains over the last 24 hours in Mumbai ...

Bloomberg States that sued to block T-Mobile US Inc’s acquisition of Sprint Corp signalled they aren’t giving up, even after the US antitrust regulator blessed the $26.5 billion deal. New York Attorney General Letitia James, who’s co-leading the lawsuit filed in June, cast doubt on the centerpiece of the companies’ settlement with the government: the sale of assets to Dish ...

Bloomberg Uber Technologies Inc said it’s in discussions with European supermarkets to roll out a grocery delivery service as rivals Deliveroo and Just Eat Plc move to compete with the likes of Amazon.com Inc in the field. The ride-hailing company has spoken with the UK’s second-biggest grocer, J Sainsbury Plc, according to people familiar with the situation. The supermarket operator ...