International News

Bloomberg DJI has unearthed cases of fraud involving its own employees that may trigger losses of about 1 billion yuan ($150 million) for the world’s largest drone maker, marking one of the largest recent cases of graft among China’s technology giants. SZ DJI Technology Co, which discovered the corruption in an internal probe, said it’s fired multiple workers who inflated ...

Bloomberg Taiwan’s December export orders plunged the most in almost three years in the latest warning sign for global trade. Export orders fell 10.5 percent in December versus the same period a year ago, according to Taiwan’s Ministry of Economic Affairs, the biggest decline since April 2016. The US was a rare bright spot, with orders gaining 5.6 percent, while ...

Bloomberg At this time of year, Carlos Ghosn would normally be hobnobbing with the global elite at the World Economic Forum in Davos. Instead, he’s languishing in a Tokyo prison. Now the ousted Nissan Motor Co chairman is making a last-ditch effort to win release on bail by pledging to remain in Japan before his trial for alleged financial misconduct. ...

Bloomberg The operation of the World Trade Organization (WTO) may soon stall because of US delays in appointing new judges, Canada’s trade minister said as he prepares to convene another round of reform talks in Davos. Jim Carr, in an interview with Bloomberg’s Kathleen Hays in Tokyo, said the US refusal to appoint judges to the appellate body of the ...

Bloomberg Facebook Inc is endowing a new institute devoted to the ethics of artificial intelligence (AI) at the Technical University of Munich, in Germany. The new center, which Facebook is funding with an initial grant of $7.5 million over five years, will investigate issues around AI safety, fairness, privacy and transparency, Joaquin Quinonero Candela, Facebook’s director of applied machine learning, ...

Bloomberg For all the hand-wringing and headlines over the fallout of the US government shutdown, most forecasters still don’t expect it to cause too much pain to the economy so long as it doesn’t endure. Analysts project the government will reopen by mid-February, though if the closure lasts through March, the disruption will cause economic growth to dip below 2 ...

Bloomberg Just Eat Plc’s CEO is leaving after a surge in competition from rival apps and pressure from an activist shareholder to speed up decision-making and consider the sale of assets. Peter Plumb is stepping down with immediate effect, with Peter Duffy, chief customer officer, appointed as interim CEO. In December, shareholder Cat Rock Capital Management LP recommended Just Eat’s ...

Bloomberg A red-hot economy, business-friendly policies and a Communist party led by free-traders: that’s the elevator pitch Vietnamese Prime Minister Nguyen Xuan Phuc is delivering to global investors amid the US-China trade war. “We are ready to grab the opportunity,” Phuc said in an interview with Bloomberg TV’s Haslinda Amin, a few days before departing this week to the World ...

Bloomberg The French government is proposing to integrate Renault SA and Nissan Motor Co in a structure that would probably put the two carmakers under a single holding company, Nikkei reported. A delegation including Martin Vial, a Renault director designated by the French government, visited Japanese officials in Tokyo to discuss the plans, Nikkei reported, without saying where it got ...

Bloomberg One of Canada’s largest phone companies is standing by its partnership with Huawei Technologies Co, the Chinese firm at the center of rising diplomatic tensions between Beijing and Ottawa. Telus Corp sent a memo to employees last week, sticking by its work with Huawei, the Globe and Mail newspaper reported. The memo was signed by Eros Spadotto, executive vice ...