International News

Bloomberg A UK lawsuit filed against Google by millions of iPhone users over data-collection claims was thrown out by a London judge. The group, known as Google You Owe Us, were seeking as much as 3.2 billion pounds ($4.2 billion), according to documents filed with the court in May. The organisation, which represents more than 4 million people, said the ...

Bloomberg Services firms in the UK are giving up on attempts to hire new staff as business confidence plummets ahead of the nation’s impending exit from the European Union, the British Chambers of Commerce said in its quarterly economic survey. The percentage of service firms attempting to recruit is at its lowest level in quarter of a century, and even ...

Bloomberg A slump in Italian assets deepened after a tug-of-war between the government and the European Union over its budget intensified. Yields on benchmark 10-year bonds rose above 3.5 percent for the first time in four years while stocks approached a bear market after the European Commission said the populist coalition’s plans for a wider deficit are in breach of ...

Bloomberg General Electric Co., a prolific dealmaker throughout its 126-year history, began the biggest reorganization ever under Chief Executive Officer John Flannery. Then Flannery was gone. His restructuring campaign was interrupted after just 14 months when he was replaced by Larry Culp in a surprise ouster last week. Before Flannery left, he had announced at least 17 divestitures and spinoffs ...

Bloomberg Singapore Inc. is stirring, with companies from real estate to engineering becoming bolder in their hunt for acquisitions abroad. Companies in the city-state announced around $91 billion of overseas deals this year through September, more than double the $41.9 billion of transactions for the same period of 2017, data compiled by Bloomberg show. Temasek Holdings Pte and GIC Pte ...

Bloomberg Malaysia intensified its efforts to rein in spending by reducing the cost of an almost $14-billion mass-rapid transit project, as Prime Minister Mahathir Mohamad reviews programs he says his predecessor kicked off under unfair terms. The Finance Ministry shaved 5.22 billion ringgit ($1.3 billion) from the above-ground portion of the nation’s MRT2 project, accepting a new construction tender by ...

Bloomberg China’s foreign-currency holdings fell in September, as heightened trade tensions with the US fueled concerns of capital outflow and further yuan depreciation. Reserves declined by $22.69 billion to $3.087 trillion in September, the People’s Bank of China (PBOC) said on Sunday. That compares with $3.110 trillion the previous month and the median estimate of $3.105 trillion in a Bloomberg ...

Bloomberg Indonesia stands ready to respond to global risks brought about by an intensifying trade war and rising US interest rates that have driven the nation’s currency to a two-decade low, officials said. The government will coordinate its policy response with the central bank and the financial services authority, Finance Minister Sri Mulyani Indrawati told reporters in Jakarta. Bank Indonesia ...

Bloomberg Toyota Motor Corp. is recalling more than 2 million of its iconic Prius hybrids globally on the risk that a software malfunction could end in a crash. Of a total of about 2.43 million vehicles affected, 94 percent are the Prius and its derivatives, with the hybrid version of the Auris compact hatchback making up the remainder, Toyota spokesman ...

Bloomberg Infrastructure Leasing & Financial Services Ltd. (IL&FS) is missing more debt obligations, even as the Indian government pledged to prevent further defaults, underscoring the challenges its new board faces in fixing the firm’s mounting debt problems. IL&FS failed to service principal and interest on loans from banks, inter-corporate deposit and commercial papers totaling Rs 33.9 crore due for the ...