International News

Bloomberg International Business Machines Corp Chief Executive Officer Ginni Rometty joined a growing chorus of tech executives lambasting web platforms, like Google and Facebook Inc, over their collection of user data and urged governments to target regulation at those companies. Without naming company names, Rometty pointed to the “irresponsible handling of personal data by a few dominant consumer-facing platform companies” ...

Bloomberg President Donald Trump said he’ll likely push forward with plans to increase tariffs on $200 billion of Chinese goods, indicating he would also slap duties on all remaining imports from the Asian nation if negotiations with China’s leader Xi Jinping fail to produce a trade deal. Trump, in an interview with the Wall Street Journal published on Monday, said ...

Bloomberg General Motors Co.’s attempt to rejuvenate its business once again is made more difficult by a dramatic slowdown in the world’s largest vehicle market: China. During previous shakeups, including its bankruptcy and recovery almost a decade ago, the US carmaker could rely on steadily growing demand in China that helped it weather cooling sales at home. Not this time ...

Bloomberg Now is the time for equity investors to bet on India’s election results, even though the polls aren’t likely till May, according to FundsIndia. Investing five to six months before the elections in 2009 and 2014 earned an average three to six percent more than the Indian benchmark return in the five-year period to the next vote, said Vidya ...

Bloomberg Wu Yajun’s transfer of a $7 billion stake to her daughter caps the property developer’s comeback after a 2012 divorce robbed her of the title of China’s richest woman. It also marks the distance that billionaire Wu has come since quitting an “iron rice bowl” job in 1988. Her property empire Longfor Group Holding Ltd. has almost doubled in ...

Bloomberg US President Donald Trump dropped a rhetorical bomb on UK Prime Minister Theresa May’s efforts to get a Brexit agreement through parliament, warning the deal she reached with the EU could jeopardise Britain’s ability to strike a trade pact with the US. “Right now as the deal stands she may not — they may not — be able to ...

Bloomberg Apple Inc, which has lost a fifth of its value in a tech market rout since October, is poi-sed for another setback after US President Donald Trump suggested that 10 percent tariffs could be placed on mobile phones, like the iPhone, and laptops made in China. The company already is facing reports of suppliers cutting forecasts, signalling the new ...

Bloomberg Google runs the risk of hefty fines from the European Union’s (EU) beefed-up data-protection watchdogs after consumer groups accused the search-engine giant of abusing tools that track users’ location. Seven European consumer organisations on Tuesday said they would file complaints with their national regulators, who now have powers to levy penalties of as much as 4 percent of a ...

Bloomberg Uber Technologies Inc, which is already facing a range of legal and regulatory headaches in London, got another on Tuesday after it was fined 385,000 pounds ($491,000) over a cyberattack that compromised the data of millions of customers and tens of thousands of drivers. The Information Commissioner’s Office said that Uber the personal details of about 2.7 million UK ...

Bloomberg General Motors Co will cut more than 14,000 salaried staff and factory workers and close seven factories worldwide by the end of next year, part of a sweeping realignment to prepare for a future of electric and self-driving vehicles. Four factories in the US and one in Canada could be shuttered by the end of 2019 if the automaker ...