International News

  Bloomberg Stride Ventures, one of India’s leading debt venture fund, sees consumer, business-to-business companies and electric vehicle sectors as the most attractive for financing this year. “Fintech has taken a slight backseat because Reserve Bank of India has recently come up with digital lending guidelines, and a lot of companies in the fintech sector are trying to understand the ...

  Bloomberg China’s internet firms are revving up efforts to outdo each other since Beijing began to wind back its bruising crackdown on the tech sector, spurring an abrupt surge in competition that’s threatening margins and spooking investors. A battle is brewing as companies that laid low or sought to limit expansion during the years-long crackdown now feel the shackles ...

  Bloomberg Baidu Inc announced a $5 billion share buyback after reporting better-than-expected revenue, reflecting how its cloud computing service is offsetting an advertising lull during China’s economic downturn. Its shares gained 6% in pre-market US trading. Sales held steady at 33.1 billion yuan ($4.8 billion) for the three months ended December, compared with expectations for 32.1 billion yuan. Net ...

  Bloomberg India and Singapore linked their systems that enable real-time money transfers between the two nations, as countries in the region seek to bring down barriers to the quick movement of funds. Reserve Bank of India’s (RBI) Governor Shaktikanta Das initiated the first transaction with his counterpart Managing Director Ravi Menon, according to a statement by the Monetary Authority ...

Bloomberg UK Chancellor of the Exchequer Jeremy Hunt has as much as £30 billion ($36 billion) for short-term giveaways in next month’s budget after the public finances came in far better than expected in January. Borrowing since the fiscal year that began in April is running £22 billion below the level forecast by the Office for Budget Responsibility in November, ...

Bloomberg Meta Platforms Inc. will begin moving its UK users away from the company’s Irish subsidiary and onto US agreements in a move the social-media giant flagged post-Brexit. The company was expected to update terms of service for UK Facebook, Instagram and WhatsApp users on Tuesday and customers will be notified in the coming weeks, Menlo Park, California-based Meta said ...

  Bloomberg The euro area’s two largest economies saw private-sector growth return, snapping months of contractions as easing supply shocks and an unusually mild winter provide respite. S&P Global’s flash Purchasing Managers’ Index for Germany rose to 51.1 in February — much better than the 50.3 median estimate in a Bloomberg survey and the first time since June that the ...

Bloomberg Microsoft Corp. headed into a showdown with European Union antitrust watchdogs by insisting its $69 billion takeover of Activision Blizzard Inc. will “bring more competition” for gamers but pledging to show willingness to address antitrust concerns. “I think we’ll make clear that our acquisition of Activision Blizzard will bring more games to more people on more devices and platforms ...

  Bloomberg Europe’s biggest economies beat expectations as business activity returned to growth, boosting the chances they can stave off recessions. Gauges of private output in Germany and France both signaled expansion in February after pullbacks in January, while the UK’s purchasing managers’ index showed the first positive reading in six months — jumping to 53 from 48.5. In the ...

Bloomberg It’s never been this cheap to buy a Tesla. After a hopscotch of price cuts over the past month, Tesla’s Model 3 sedan now sells for $4,930 less than the average new vehicle sold in the US. That’s the cheapest price Tesla has ever had relative to the typical US vehicle, according to a new Bloomberg analysis. It’s a ...