International News

Bloomberg The trade dispute between the US and China will continue for the foreseeable future and escalate, and is going to be painful for Americans, according to a former US trade negotiator. “For the foreseeable future, we’re going to be in a tariff world and we’ll see escalation,” said Asia Society Vice President Wendy Cutler, formerly a negotiator at the ...

Bloomberg A so-called Brexit without a trade deal between the UK and the European Union could cost the car industry and consumers at least $6.7 billion a year in vehicle tariffs, according to a report by a British industry group. The Society of Motor Manufacturers and Traders said the estimate is based on levies of 10 percent on cars exports ...

Bloomberg Tesla Inc. could raise funds as soon as this year as Elon Musk’s company ramps up production and prepares for maturing debt, analysts at Morgan Stanley predict. The company, whose stock has slumped 25 percent in the past six weeks amid a string of controversies, could raise $2.5 billion in equity in the fourth quarter from investors that have ...

Bloomberg The European business of coffee chain Starbucks Corp. paid an effective UK tax rate of 2.8 percent last year after a payment from another part of the company boosted profits, the Financial Times reported. The company paid $5.9 million in UK taxes on a profit of $213 million in the year ended October 2017, down from earnings of $219 ...

Bloomberg In a meeting that was unthinkable 19 months ago, South Korea’s president will this week introduce the head of the country’s biggest conglomerate to North Korean leader Kim Jong-un in Pyongyang. The parley caps a remarkable period for Lee Jae-yong, vice chairman of Samsung Electronics Co., who since the start of 2017 has been arrested, tried and jailed before ...

Bloomberg India again deferred the imposition of retaliatory tariffs on some US imports, signaling its readiness to find a solution to avert a trade war in contrast to the path China has taken. The tariff plan has been deferred to November 2, according to a notification from the finance ministry. New Delhi had previously planned to levy higher tariffs effective ...

Bloomberg WuXi AppTec Co., the Chinese contract medical researcher, has submitted an application for a Hong Kong share sale, according to people with knowledge of the matter. The offering could raise more than $1 billion, the people said, asking not to be identified because the information is private. The Shanghai-listed shares of WuXi AppTec have nearly quadrupled since they began ...

Bloomberg Huatai Securities Co., China’s third-largest brokerage by market value, and Bluestar Adisseo Co. are among Chinese companies considering UK listings as authorities prepare a trading link between the two countries, people familiar with the matter said. Huatai, which has a market capitalisation of about $16 billion, has asked investment banks to pitch for a role on a potential sale ...

Bloomberg It would be a “serious mistake” for US President Donald Trump to try to force China to make concessions in the face of high tariffs, according to an editorial in China’s state-run English-language newspaper. “Underestimating China’s resolve to safeguard its legitimate interests, the United States will find its protectionist measures backfiring to harm its own industries and the American ...

Bloomberg Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp. are about to do what many carmakers have been trying to avoid: let Google into the dashboard. The French-Japanese auto alliance announced a technology partnership that will make its vehicles among the first to use Google’s Android operating system in the dashboard, letting Alphabet Inc.’s software control mapping and navigation, ...