International News

Bloomberg South Korean exports are holding up just fine so far as the US-China trade war escalates, with shipments jumping by the most in a year during the first 20 days of September. Exports rose 22 percent from the same period a year earlier, the biggest increase since September last year, according to preliminary data released by Korea Customs Service. ...

Bloomberg The White House has drafted an executive order for President Donald Trump’s signature that would instruct federal antitrust and law enforcement agencies to open investigations into the business practices of Alphabet Inc.’s Google, Facebook Inc. and other social media companies. The order is in its preliminary stages and hasn’t yet been run past other government agencies, according to a ...

Bloomberg Apple Inc. is making contingency plans in case construction of its new London headquarters at the iconic Battersea Power Station is delayed, the Times newspaper reported. The iPhone maker has had early-stage talks about extending existing leases and finding temporary bases if needed, the paper said, citing people in the property market that it didn’t identify. The project’s Malaysian-backed ...

Bloomberg Uber Technologies Inc. is in early talks to buy food-delivery company Deliveroo for several billion dollars, according to people familiar with the plans. A bid for London-based Deliveroo, last valued at more than $2 billion, would mark a major attempt by Uber to dominate the food-delivery business in Europe. An acquisition price is unknown. Any offer would need to ...

Bloomberg Arnold Kamler has experienced the trade dispute between President Donald Trump and China first hand, and is trying to respond as quickly as possible. His company, Kent International Inc., assembles about 400,0 00 bikes annually at its factory in Manning, South Carolina. But this is no shield from the latest round of tariffs, since — in an effort to ...

Bloomberg Alibaba Group Holding Ltd. co-founder Jack Ma cautioned China’s business and political leaders to prepare for the trade war with the US to last longer and have a bigger impact than most people think. China’s richest man said the dispute could last 20 years and persist beyond the presidency of Donald Trump, as the world’s two strongest economic powers ...

Bloomberg China’s holdings of US Treasuries fell to a six-month low in July, just as a trade war between the world’s two largest economies began heating up. China’s ownership of US bonds, bills and notes slipped to $1.17 trillion, the lowest level since January and down from $1.18 trillion in June, according to data released by the Treasury Department. Japan, ...

Bloomberg SK Holdings Co. is acquiring the largest foreign stake in Masan Group Corp. for about $470 million, in a deal that will value the Vietnamese diversified business group at about $5 billion. The South Korean group, which has businesses ranging from telecommunications to service sectors, will buy Masan Group’s entire 109.9 million treasury shares for $4.29 each, the companies ...

Bloomberg Chinese art and antiquities have been spared from President Donald Trump’s tariffs. At least so far. Trump ordered his administration to impose 10 percent tariffs on $200 billion in Chinese goods next week and to raise the rate to 25 percent in January if Beijing refuses to offer trade concessions. Among items removed from the initial list of goods ...

Bloomberg The World Bank and China have held talks on how they can finance projects in Africa together, the lender’s vice president for the continent said. “We think it’s a good thing the continent has different sources of financing,” Hafez Ghanem said in an interview in Abidjan. “In my discussions with the Chinese authorities, we were looking at how we ...