International News

Bloomberg Apple Inc. is significantly increasing its footprint in Seattle as it expands on a previously announced plan to boost hiring, bringing an additional 2,000 jobs to the area in the next five years. The iPhone maker signed a lease for office space at 333 Dexter, a 660,000-square-foot (61,300-square-meter) development in the South Lake Union neighborhood being built by Kilroy ...

Bloomberg Glencore Plc is cutting out many of its intermediaries — the agents and dealmakers once essential to cracking the toughest markets — amid growing scrutiny of its operations around the world. Under pressure from its compliance division, Glencore is dismantling much of its glo-bal network of trading agents, according to people familiar with the situation. To continue operating, the ...

Bloomberg Thailand is already struggling to cope with the environmental impact of a tourism boom that’s expected to lure 40 million visitors this year. The influx is on course to hit 65 million a decade from now, signalling an even bigger challenge ahead. Southeast Asia’s second-largest economy plans to pour about $13 billion into expanding airport capacity and connecting major ...

Bloomberg Bosideng International Holdings Ltd shares fell the most on record after a short seller report questioned the company’s accounting practices. Hong Kong-listed Bosideng overstated its revenue and profit, according to a note published on Monday by Bonitas Research. The stock fell as much as 28 percent before being suspended. Bosideng said in a statement that the report contains “untrue ...

Bloomberg Chinese consumers are buying more bananas from abroad than ever before as an increasingly health consciousness middle class helps propel the fruit’s popularity. Imports of bananas surged to a record 227,199 tons in May, according to China’s general administration of customs. That helped lift total shipments of fruits and nuts to 720,000 tons, an almost 8-fold increase from the ...

Bloomberg Indian banker Rana Kapoor’s family is planning to sell a stake in their six-year-old mortgage finance company, people with knowledge of the matter said, as rising wariness in the credit market erodes growth prospects of shadow finance firms. The family office run by the three daughters of the Yes Bank Ltd co-founder is working with Nomura Holdings Inc on ...

Bloomberg For nearly a decade, Tata Group has been Inditex SA’s partner running Zara stores in India. Now, the country’s largest conglomerate is building its own apparel empire as trend-focussed as Zara — but at half the price. Its retail arm, Trent Ltd, has fine-tuned its local supply chain to deliver “extreme fast fashion” which can get runway styles to ...

Bloomberg A consortium led by Fosun International Ltd is in talks to acquire a majority stake in GV Gold PJSC, a Russian gold miner backed by BlackRock Inc, according to people familiar with the matter. Fosun is considering teaming up with partners including Zhaojin Mining Industry Co for a joint offer, the people said, asking not to be identified as ...

Bloomberg The UK will generate more energy from low-carbon sources than from fossil fuels this year for the first time since the Industrial Revolution. Wind, solar, hydro and nuclear plants provided 48 percent of the nation’s electricity in the first five months of 2019, according to the UK network operator National Grid Plc. Coal, which made up more than 30 ...

Bloomberg Daimler AG cut its profit forecast for the third time in a year, this time blaming the burden of handling longstanding proceedings around diesel emissions a month after a new guard took the helm at the world’s biggest luxury carmaker. The German manufacturer is facing investigations in Europe and the US over allegedly excessive pollution from its diesel vehicles. ...