International News

Bloomberg President Moon Jae-in’s income-led growth campaign will harm South Korea’s economy next year by weakening job creation, according to a majority of economists surveyed by Bloomberg. More than three-quarters of the 30 experts polled forecast employment growth will slow as the government pushes ahead with an 11 percent hike in the minimum wage, adding to the 16 percent increase ...

Bloomberg UK companies are fretting over the prospect of a no-deal departure from the European Union, with the government on the brink of collapse and Brexit negotiations likely delayed into the new year. Facing defeat on her Brexit accord, Prime Minister Theresa May this week postponed a vote on the plan. The delay in the Brexit vote means British businesses ...

Bloomberg Google Chief Executive Officer Sundar Pichai kicked off his first appearance before Congress refuting claims of bias, explaining the company’s privacy approach and stressing its American roots. As the hearing began, the heads of both political parties led with questions about Google’s data collection. Republican Bob Goodlatte asked how much personal information Google absorbs via its Android mobile software. ...

Bloomberg Cisco Systems Inc, the biggest maker of networking equipment, is in talks to purchase optical chip technology company Luxtera Inc, according to people familiar with the plans. A final price for the closely held company hasn’t been determined but a deal will likely value Luxtera in the hundreds of millions of dollars, said the people, who asked not to ...

Bloomberg Dell Technologies Inc won a shareholder vote to return to public markets, putting founder Michael Dell on the winning side of a transformative transaction that polarised investors for the second time in five years. Under terms of the deal, Dell will buy out shareholders of the stock that tracks Dell’s stake in software maker VMware Inc, known by its ...

Bloomberg Uber Technologies Inc has selected Morgan Stanley to lead its public offering next year, according to two people familiar with the matter, meaning the investment bank will reap a larger share of the fees associated with a listing valuing the company at as much as $120 billion. It’s another big win for Morgan Stanley banker Michael Grimes, who has ...

Bloomberg Calls to boycott Canadian goods, throw away iPhones and load up on Huawei Technologies Co. handsets are among signs of budding public anger in China over the arrest of the Chinese technology giant’s chief financial officer in Vancouver. A number of Chinese companies have posted notices to their social media accounts proclaiming support for Huawei, while offering employees subsidies ...

Bloomberg Grab hopes Thailand’s upcoming general election will help revive the conversation about legalising ride sharing in the country. Talks about reforming the law can be put back on the table once an elected government is in place, Tarin Thaniyavarn, the head of Grab in Thailand, said in an interview. The military government in power since a coup in 2014 ...

Bloomberg Hyundai Motor Group and its suppliers plan to spend of 7.6 trillion won ($6.7 billion) through 2030 to raise production of fuel cells by more than 200-fold as the South Korean automaker targets to become a key player in the new-energy vehicle technology. The world’s fifth-largest auto group — with Hyundai Motor Co. and Kia Motors Corp. under its ...

Bloomberg Carlos Ghosn’s lawyers said the prosecutor’s case against the fallen car executive is flawed, ramping up their defense of the ousted Nissan Motor Co. chairman following his indictment for financial crimes in Japan. On December 10, Tokyo prosecutors indicted Ghosn for understating his income, charges they’ve said previously could put him in jail for at least 10 years. While ...