International News

Bloomberg As China’s car market cools, American manufacturers are among those getting hurt the most. The market share of US brands fell to 9.6 percent in the first five months of 2019 from 10.9 percent a year earlier, the state-backed China Association of Automobile Manufacturers said. German and Japanese brands, meanwhile, gained share in the world’s largest car market. The ...

Bloomberg Hong Kong stock traders have a lot to contend with right now. A trade war between China and the US, a slumping yuan, spiking interbank rates and now street protests that have spilled across the city’s financial district in a repeat of 2014’s Occupy movement. The last two — rates and protests — have combined to snuff out a ...

Bloomberg Sugar output in India may drop to a three-year low next season from a record as dry weather shrivels cane plants in some major growing areas of the country that vies with Brazil as the world’s top grower. Production may slide to 28 million to 29 million tons in the year that begins on October 1 from 33 million ...

Bloomberg India will launch a lunar mission on July 15, attempting to become the fourth country to land on the moon and cementing its place among the world’s space faring nations. The Chandrayaan-2 mission aims to deliver a rover to an elevated plane close to the uncharted lunar South Pole on September 6 or 7 and investigate the surface for ...

Bloomberg Britain is to become the first major economy to adopt laws that require a cut in fossil-fuel emissions to zero by 2050 to fight climate change. Prime Minister Theresa May said legislation to wipe out the UK’s net contribution to rising global temperatures will be put to members of Parliament, endorsing a report from advisers that laid out what ...

Bloomberg KKR & Co. is seeking to buy out minority shareholders of Axel Springer SE in a deal that would value the German publisher at about 6.8 billion euros ($7.7 billion). KKR offered to pay 63 euros a share in cash — a 13 percent premium over close and about 40 percent more than the price before Bloomberg reported the ...

Bloomberg Dassault Systemes SE, a maker of industrial design software, agreed to buy Medidata Solutions Inc. for $5.7 billion to gain a foothold in the fast-growing market for clinical trial technology. The deal pushes the French company further beyond its design roots into data processing and business analysis. Medidata’s software analyses pharmaceutical and biotech trials for some of the world’s ...

Bloomberg Volkswagen AG ended a self-driving technology partnership with Silicon Valley startup Aurora Innovation Inc. as it draws closer to a broader collaboration on autonomous cars with Ford Motor Co. “The activities under our partnership have been concluded,” a VW spokesman said of its alliance with Aurora in a statement. The German manufacturer announced the tie-up with Aurora to develop ...

Bloomberg European industry is in trouble and there’s a risk it will infect other parts of the economy, deepening the slowdown that’s already left the region fragile. Concern is growing in markets and even at the European Central Bank that the services sector won’t be able to withstand a broader manufacturing slump. That would undermine jobs growth and domestic demand, ...

Bloomberg Apple Inc has a backup plan if the US-China trade war gets out of hand. The Cupertino, California-based company’s primary manufacturing partner has enough capacity to make all iPhones bound for the US outside of China if necessary, according to a senior executive at Hon Hai Precision Industry Co. The Taiwanese contract manufacturer now makes most of the smartphones ...