International News

Bloomberg The UK economy could get a 40 billion-pound ($51 billion) boost every year by creating more jobs for young people. That would be the benefit of reducing the percentage of the young not in employment, education or training to a level similar to Germany, a report by PwC said on Tuesday. The UK ranks 19th among the 35 Organization ...

Bloomberg The ongoing trade war between China and the US is pushing the Asian powerhouse to sweeten ties with neighbouring India. China’s refiners are considering the purchase of unprecedented amounts of Indian raw sugar, with a delegation visiting the South Asian nation next month to meet mill officials and inspect logistics infrastructure, according to an Indian official. Refiners may buy ...

Bloomberg Billionaire Anil Ambani’s Reliance Communications Ltd. has told India’s top court that its asset sale to Reliance Jio Infocomm Ltd. may not go through if approvals aren’t in place by mid-December, putting at risk planned debt repayments by the distressed company. India’s government has moved the Supreme Court against allowing the sale unless it is given $417 million in ...

Bloomberg A massive dust storm rolled through China’s northwestern province of Gansu on Sunday, enveloping office blocks and apartment buildings. The People’s Daily posted footage of the dust storm advancing through Gansu’s Zhangye city to its social media accounts on Sunday. The mass reached 100 metres and blotted out the blue sky as it moved through the city, according to ...

Bloomberg Beijing’s air quality was the worst in 18 months on Monday, a possible result of more flexible emissions curbs for the winter. The economic slowdown may have been behind the decision to move away from the hard targets of last year, with the government trying to keep factories churning, according to some economists. The concentration of PM 2.5 particles ...

Bloomberg Carlos Ghosn was dismissed as Mitsubishi Motors Corp. chairman in a boost to its biggest shareholder Nissan Motor Co., which has been positioning to secure more power in the alliance they share with Renault SA in the wake of the car titan’s shock arrest. The board of the smallest and newest member of the world’s biggest auto union — ...

Bloomberg Hong Kong’s hottest initial public offerings have produced the worst returns for investors this year, while the least popular deals have fared far better. Ping An Healthcare and Technology Co., in which retail investors placed orders for 654 times the shares initially available, has tumbled 37 percent since it started trading in May. Biotechnology firm Ascletis Pharma Inc., whose ...

Bloomberg Proponents of a tax on the European revenue of tech giants are preparing a last-ditch push for a deal this week, amid continuing resistance to a levy that divides the region’s governments and threatens to fragment its single market. European Union envoys in Brussels will discuss the latest compromise proposal on Wednesday, said a person familiar with the matter. ...

Bloomberg Dometic AB’s chief executive officer is readying a new strategic direction and will unveil a cost-savings package for the Swedish maker of cooling and ventilation products for vehicles and boats. With the measures, which include shifting manufacturing and seeking out new customers groups, Juan Vargues is trying to get investors to look beyond a recent slump in the market ...

Bloomberg Canadian inflation accelerated slightly in October on the back of higher costs for cars, but underlying price pressures remained around the central bank’s target. The consumer price index recorded a faster-than-expected annual pace of 2.4 percent during the month, up from 2.2 percent in September, Statistics Canada reported from Ottawa. Core measures of inflation — seen as a better ...