International News

Bloomberg Vodafone Group Plc shares gained the most in more than a decade on the phone carrier’s plan to carve out its towers business and consider an initial public offering or minority stake sale of the new unit. The stock rose as much as 10.4 percent, the biggest intraday jump since November 2008, after the carrier announced plans to separate ...

Bloomberg British households received a $497 boost in the last financial year as a booming labour market lifted real incomes to a record high. The median income after inflation rose by 1.4 percent in the year through March to 29,400 pounds, the Office for National Statistics said. It followed a year in which living standards failed to grow for the ...

Bloomberg The trade war between the US and China that’s clouded the global growth outlook will have a lasting negative effect on aluminum demand, Norsk Hydro ASA Chief Executive Officer Hilde Merete Aasheim said. The Oslo-based company pared its demand growth forecast for a second time this year, echoing the dimming outlook painted by top US producer Alcoa Corp. Russian ...

Bloomberg Apple Inc has asked the Trump administration to exclude components that make up the forthcoming Mac Pro high-end desktop computer from import tariffs, weeks after planning to re-locate production of the line to China from Texas. The Cupertino, California-based technology giant is seeking relief from duties of 25 percent on key Mac Pro parts and accessories that go with ...

Bloomberg A group of Uber Technologies Inc. drivers lost a London lawsuit where they said a new fee to operate in the city centre amounts to race discrimination. The drivers said London Mayor Sadiq Khan’s demand that they pay a congestion charge was unfair because it didn’t apply to the capital’s traditional black cabs. Most cab drivers are white, while ...

Bloomberg Thyssenkrupp AG Chief Executive Officer Guido Kerkhoff is facing mounting internal pressure to whittle down and restructure the company’s sprawling business portfolio as the supervisory board grows impatient at the slow pace of change at the crisis-hit conglomerate. Supervisory board members of the Essen, Germany-based engineering company are increasingly frustrated at the pace and depth of restructuring efforts for ...

Bloomberg Peugeot maker PSA Group’s profit margin widened to a record in the first half of the year as the French carmaker cut costs and used the sale of more expensive models as antidotes to the deepening slump in the global auto industry. The company that also makes Citroen cars reported a first-half recurring operating margin of 8.7 percent at ...

Bloomberg Amazon.com, landlords who charge sky-high rents, brands that fail to adapt. The carnage in the retail industry has been blamed on all of them. Now Wall Street is being blamed too. Over the past decade, 597,000 US employees working for retailers owned by private equity (PE) firms and hedge funds have lost their jobs, while the sector as a ...

Bloomberg Alibaba Group Holding Ltd is opening its oldest online platform to US merchants, promising to help American businesses at a time US-Chinese tensions are darkening the outlook for global trade. The Chinese e-commerce giant opened up Alibaba.com to US sellers for the first time, allowing them to peddle to buyers around the world who seek merchandise to stock shelves ...

Bloomberg Hong Kong’s railway operator said trains had resumed normal service after a small group of anti-government protesters disrupted the city’s notoriously busy morning rush, stranding crowds of commuters on platforms at a main station. Trains on the Island Line, which cuts through the the city’s financial center, had returned to their regular schedule, the MTR Corp, Hong Kong’s urban ...