International News

Bloomberg Facebook Inc. failed to fend off a lawsuit over a data breach that affected nearly 30 million users, one of several privacy snafus that have put the company under siege. The company’s disclosure in September that hackers exploited several software bugs to obtain login access to accounts was tagged as Facebook’s worst security breach ever. An initial estimate that ...

Bloomberg London’s lawmakers aren’t against cars and vans driving through its most congested parts, as long as they turn electric soon. A suite of policies aimed at cleaning up London’s toxic air pollution isn’t there to penalise drivers but to improve public health, Shirley Rodrigues, London’s Deputy Mayor for environment and energy, said at the Bloomberg Sustainable Business Summit. “The ...

Bloomberg A slump in German business confidence deepened in June as trade tensions weighed on manufacturers. US-led protectionist thr-eats have clouded the growth outlook in Europe’s largest economy for mon-ths, contributing to a manufacturing slump and bo- osting fears that domestic demand will be undermined. European Central Bank President Mario Draghi last week said he’ll inject fresh monetary stimulus for ...

Bloomberg Iceland is preparing for a deeper recession this year amid dropping tourism arrivals and a disastrous fishing season, central bank Governor Mar Gudmundsson said. “We are prepared for the possibility of a deeper recession, and the numbers we are getting on tourist arrivals seem to indicate that that may happen,” Gudmundsson said in an interview on the sidelines of ...

Bloomberg The Japanese government played a role in the breakdown of merger talks between Renault SA and Fiat Chrysler Automobiles NV earlier this month, weighing in with concerns the combination could harm Nissan Motor Co, people familiar with the matter said. Japan signalled its misgivings over the deal to the French government, said the people, asking not to be identified ...

Bloomberg Japan’s Supreme Court rejected an appeal by former Lotte Group executive Shin Dong-joo, who sought compensation for being ousted from posts in the retail-to-chemicals conglomerate, Yonhap News reported. Shin, the eldest son of founder Shin Kyuk-ho, had sought $5.8 million over what he called his unfair dismissal as a board member at units of the company between December 2014 ...

Bloomberg As monsoon rains that started late make a slow progress across India, shares of local seed producers, fertilisers and agro-chemical makers are reeling under a dark cloud. The southwest monsoon, which waters more than half of India’s farmland, has registered a 43 percent deficit through June 19 after hitting the southern coast a week later than normal on June ...

Bloomberg Indonesia and the Philippines said they will begin to ratify a deal in August to establish a boundary between overlapping so-called exclusive economic zones. The deal, which was signed in May, will bolster economic ties by determining the limits of borders in the Mindanao and Celebes seas — marking the end of 20 years of negotiations. Philippine President Rodrigo ...

Bloomberg FedEx Corp rejected a package containing a Huawei Technologies Co phone being sent from the UK to the US in what the mail company says was a mistake, which has elevated beyond routine because of President Donald Trump’s decree in May that limits trade with the Chinese technology company. The phone was being sent to a PCMag.com phone analyst, ...

Bloomberg Japan is still winning the Southeast Asia infrastructure race against China, with pending projects worth almost one and a half times its rival, according to the latest data from Fitch Solutions. Japanese-backed projects in the region’s six biggest economies — Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam — are valued at $367 billion, the figures show. China’s tally is ...