International News

Bloomberg Amazon.com Inc. won the last approval it was seeking for an incentive plan that helped lure the largest online retailer to Northern Virginia. The five-member Arlington County Board unanimously approved $23 million in incentives for the company to build a headquarters in the Crystal City neighborhood, just outside Washington, D.C. — after six-and-a-half hours of testimony, protests and discussions ...

Bloomberg Fiat Chrysler Automobiles NV recalled almost 863,000 vehicles that violate US emissions standards, another setback for a company that just agreed in a separate case to make amends for building trucks and SUVs that polluted more than legally allowed. The voluntary recall of 2011 through 2016 model year Jeep, Dodge and Chrysler brand vehicles will be implemented in phases ...

Bloomberg The growing mystery of where China’s rapid slowdown is headed may become the biggest risk on the horizon, even as Brexit and a solution to US-China trade tensions are kicked into the long grass. The global economy’s in its weakest shape since the financial crisis a decade ago, Bloomberg Economics analysis shows. And the reminders are all around: China ...

Bloomberg Royole Corp., a maker of flexible displays, is seeking about $1 billion in a funding round ahead of an initial public offering, people familiar with the matter said. The Shenzhen, China-based company is seeking a valuation of at least $8 billion in the round as it seeks to expand its sales and marketing and research facilities, the people said, ...

Bloomberg India’s trade deficit narrowed more than estimated in February from a month ago, as imports fell owing to a sharp drop in oil purchase cost. The gap between exports and imports was $9.6 billion last month, compared with $14.7 billion in January, data released by the commerce ministry showed. The deficit is narrower than the $13.7 billion median estimate ...

Bloomberg Executives from Nissan Motor Co. and Mitsubishi Motors Corp. are exiting as part of a wider shuffle among the top ranks of the Japanese automakers’ alliance with Renault SA following the arrest of Carlos Ghosn in November. Arun Bajaj, the alliance’s senior vice president for human resources, exited Nissan as of March 11 after a leave of absence, the ...

Bloomberg Philippine tycoon Enrique Razon is pushing to build a new dam east of the capital to prevent another water shortage hitting thousands of people in Metro Manila as the dry season begins. Wawa Dam in Rizal province can be the nearest major source of bulk water and provide 80 million liters per day by 2021 and 540 million liters ...

Bloomberg This round of currency intervention in Hong Kong is far from over. That’s according to analysts, who’re watching the interplay between the amount of money in the city’s financial system and local borrowing costs. Shorting the Hong Kong dollar will remain profitable until the latter starts to go up sharply, and the monetary authority will spend at least another ...

Bloomberg Qualcomm Inc. won the first US jury trial in its global dispute with Apple Inc. over how much the iPhone maker should pay for using the chipmaker’s patented technology. A federal jury in San Diego awarded Qualcomm about $31.6 million in damages on its patent infringement claims. Qualcomm jumped as much as 3.5 percent before finishing up 2.2 percent ...

Bloomberg Volkswagen AG was sued by the US Securities and Exchange Commission over claims it failed to disclose to investors that its diesel vehicles violated emission standards, the latest twist in a software cheating scandal that has already cost the company more than $30 billion. The German automaker sold billions of dollars of corporate bonds and asset-backed securities in the ...