International News

Bloomberg Shares in Tencent Holdings Ltd. jumped 4.5 percent after Chinese media reported that regulators have resumed approving games, signaling a potential end to a hiatus that’s chilled the world’s biggest gaming industry. Tencent and peers from South Korea to Japan spiked after the official China Securities Journal reported that regulators had reviewed and passed an initial batch of online ...

Bloomberg After years of wildfires linked to power lines, a deadly explosion and accusations of falsified safety records, California utility owner PG&E Corp is facing a deterioration of trust among state leaders. The California Public Utilities Commission has begun a formal process to evaluate whether PG&E’s Pacific Gas and Electric utility should be split into separate electric and gas companies, ...

Bloomberg T-Mobile US Inc is delaying the debut of its much-anticipated video service after the project proved more complex than expected, according to people familiar with the situation. The move would push back the rollout until 2019, though plans could still change, according to the people, who asked not to be identified because the situation is private. Chief Executive Officer ...

Bloomberg Facebook Inc faces growing pressure over its privacy protections as the District of Columbia sued over its handling of user data, exemplified by the privacy breach in which personal information of millions of Americans was transferred to Cambridge Analytica, a political consulting firm hired by President Donald Trump’s 2016 campaign. The suit alleges Facebook violated the district’s Consumer Protection ...

Bloomberg Bang & Olufsen A/S lost more than a quarter of its market value after the Danish maker of luxury TVs and stereos warned sales won’t grow this year because of distribution snafus. The shares sank as much as 28 percent, shrinking the company’s value to 4.4 billion Danish kroner ($674 million) and heaping pressure on Chief Executive Officer Henrik ...

Bloomberg Two of the world’s biggest drugmakers agreed to create a giant seller of over-the-counter medicines, in yet another sign that pharmaceutical giants are slowly turning away from the grocery store and back towards the laboratory. GlaxoSmithKline Plc and Pfizer Inc said that they plan to combine their sprawling consumer-health businesses into a single company selling everything from Advil pain ...

Bloomberg An hour’s drive north of Paris along the River Seine lies Flins, home to Renault SA’s biggest and oldest factory, where 2,700 workers and 900 robots toil in tandem to churn out a steady stream of compact cars. More than half of the vehicles rolling off the line, however, don’t carry the Renault diamond badge. Instead, the factory’s most ...

Bloomberg Huawei Technologies Ltd. has signed contracts with all four UK mobile networks to test its fifth-generation wireless equipment, deepening the Chinese vendor’s involvement in UK’s telecom industry as officials weigh whether to ban the company over security concerns. Huawei’s 5G gear was already being tested by BT Group Plc’s EE, CK Hutchison Holdings Ltd.’s Three UK and Vodafone Group ...

Bloomberg Joshua Hoffman has done plenty of experimentation at Zymergen Inc., the robot-powered microbe factory he founded and leads. By building an army of AI-powered robots to genetically engineer more efficient microbes — the biological building blocks used to create all material — Zymergen revamped existing agricultural and industrial products sold by Fortune 500 companies and helped them increase profits. ...

Bloomberg China’s financial regulators appeared to confirm that tax cuts for 2019 are currently being finalised at a meeting of policy officials in Beijing, in a statement aimed at quelling online speculation that the opposite was the case. Online rumours saying Central Economic Work Conference decided not to cut taxes or fees are “contrary to the facts”, according to a ...