International News

Bloomberg Jaguar Land Rover’s revamped Defender sport utility vehicle is headed for the rugged slopes of Kenya to tow heavy loads and wade through rivers before the resurrected icon goes on sale next year. Testing of the prototype will take place in the Borana Conservancy and include carrying supplies across unforgiving terrain in real-world trials at the 14,000 hectare reserve, ...

Bloomberg Alphabet Inc. reported first-quarter revenue that missed analysts’ estimates and spar-ked fears that advertisers are shifting some spending to digital rivals. Shares of Google’s parent company were down 7.8 percent during pre-market trading in New York on Tuesday. The stock closed at a record $1,296.20 shortly before its earnings were published. Sales came in at $29.5 billion, excluding payments ...

Bloomberg Microsoft Corp. unveiled a partnership with VMware Inc. in a bid to bring more customers to its Azure cloud-computing service, emulating a pact that has benefited rival Amazon.com Inc. The agreement will let VMware customers move their technology systems to Microsoft’s Azure cloud-computing services, the companies said in a statement. Amazon Web Services, the leader in the market for ...

Bloomberg Europe’s economy began 2019 with an unexpected growth spurt buoyed by France and Spain, easing pressure on the European Central Bank to add stimulus. The 0.4 percent increase in euro-region gross domestic product during the first quarter reported by Eurostat was twice the pace at the end of last year and more than economists predicted. Strong investment in Spain ...

Bloomberg Coal is piling up at ports across Europe, depressing both the cost of the fuel and price of electricity. Stockpiles at three European ports — Rotterdam, Amsterdam and Vlissingen — are near the highest since 2013. Supplies built up during a warmer than usual winter and as governments tried to reduce emissions from the most polluting fossil fuel. The ...

Bloomberg Nintendo’s muted forecast for its financial performance in the current fiscal year stunned investors and analysts, sending shares sliding. The company’s stock tumbled as much as 5.1 percent after it forecast operating profit of 260 billion yen ($2.3 billion) this year, well short of the 350.2 billion yen average of estimates. Analysts were particularly befuddled by the forecast that ...

Bloomberg Singapore’s effort to create an ecosystem to support startups is gaining ground, with the city-state now home to more than 150 venture capital funds. L’Oreal SA, Microsoft Corp and Oracle Corp are among more than 100 entities running incubator and accelerator programs, according to Enterprise Singapore, the government agency spearheading enterprise development. Venture funding has increased to $10.5 billion ...

Bloomberg Wealth-management group iFast Corp posted a 37.5 percent slide in profit before tax for the year as poor financial markets and investments for growth take their toll. Singapore-based iFast reported a $1.37 million profit, from S$2.99 million a year earlier, according to a company filing. The fintech company said it expects revenue and profitability to improve in the second ...

Bloomberg Barely three months into his tenure, Renault SA Chairman Jean-Dominique Senard plans to propose merging the French carmaker with alliance partner Nissan Motor Co under a holding-company framework, according to people familiar with the matter. Each company would own about a 50 percent stake in the holding company and have equal board representation, one of the people said, asking ...

Bloomberg Three months after groundbreaking, Tesla Inc is rushing to complete its multibillion-dollar factory on the outskirts of Shanghai to capitalise on growing demand in the world’s largest electric-car market. Foundations for the facility have been laid, and construction workers are erecting walls and other structures for the factory, which could eventually rival production from its US assembly plant. Tesla ...