International News

Bloomberg India has imposed higher customs duties on a raft of US goods on Sunday in response to similar measures taken by Washington, according to a government notice. The increased charges have been imposed on 28 products including chickpeas, phosphoric acid, apples, almonds and walnuts, according to the notice released late on Saturday. The country would get about $217 million ...

Bloomberg Activist investor Dan Loeb disclosed a $1.5 billion stake in Sony Corp. and pushed the company to make dramatic changes, including spinning off its semiconductor business and listing it in Japan. Sony’s shares rose 3.1% in Tokyo after Loeb’s Third Point published a letter and 102-page presentation pushing for changes at the Japanese media and electronics giant, including sales ...

Bloomberg Volkswagen AG valued its heavy-trucks business at as much as $18.6 billion in a planned initial public offering that will test Chief Executive Officer Herbert Diess’s ambition of overhauling the carmaking behemoth. The manufacturer intends to offer stock in Traton SE, which sells MAN and Scania AB vehicles, for between 27 euros to 33 euros per share, it said ...

Bloomberg Netflix Inc. is unveiling new video games based on its shows, stepping up efforts to turn its streaming platform into a multimedia empire. Netflix is just starting to explore the possibility of turning its movies and TV shows into other products. The show is one of the service’s most popular, especially in the US and among younger viewers. The ...

Bloomberg A Canadian program designed to speed up the hiring of foreign talent is attracting thousands of tech workers and other skilled employees, many of whom are unhappy with restrictive US immigration policies. The Global Skills Strategy, which came into effect two years ago, has attracted about 24,000 people over the past two years, according to government figures. The program ...

Bloomberg New entrants to the London ride-hailing market could potentially pose a risk to one of Uber Technologies Inc.’s most profitable markets, according to analysts at Morgan Stanley. Every 400 basis point change in UK rideshare adjusted net revenue would result in a $100 million hit to Uber’s 2020 profit, analysts led by Brian Nowak wrote in a note. The ...

Bloomberg Software maker CrowdStrike Holdings Inc. soared in its trading debut after raising $612 million in one of the biggest-ever initial public offerings for a cybersecurity company. Shares opened at $63.50 in New York and rose as much as 97 percent from their IPO price to $67. The stock closed up 71 percent to $58. That valued the company at ...

Bloomberg WeWork Cos. is considering a deal to take majority control of its India affiliate, according to people familiar with the matter, a deal that would allow the shared-office startup to consolidate financial results from the fast-growing unit as it prepares for an initial public offering this year. The New York-based company is in talks to buy around 70% of ...

Bloomberg India is seeking to raise tariffs on a slew of products imported from the US starting next week, just days ahead of a visit by US Secretary of State Michael Pompeo aimed at deepening defense and energy ties between the two nations. The decision to impose tariffs on as many as 29 products will be announced, said senior officials ...

Bloomberg As Fiat Chrysler Automobiles NV and Renault SA move on from their failed merger talks, a revival of discussions would depend on overcoming at least two major obstacles. Fiat blamed “political conditions in France’’ when it withdrew its proposal, and a signal from the French state that it would give up its sway over Renault would be necessary for ...