International News

Bloomberg Toyota Motor Corp. is aiming to triple car production in China by as soon as 2030 in a renewed push to make up lost ground in the world’s biggest market, according to people familiar with the plan. Asia’s largest automaker is targeting to manufacture 3.5 million vehicles annually in China around that year while boosting imports to the country ...

Bloomberg NIO Inc., the Chinese electric-car maker backed by Tencent Holdings Ltd., is planning a US initial public offering that would give it a valuation topping $8 billion as it gears up to take on the likes of Tesla Inc. The company is aiming to raise as much as $1.3 billion, offering 160 million American depositary shares at $6.25 to ...

Bloomberg Jerome Powell’s upcoming Asia visit will test the Federal Reserve chief’s appetite for risk on a far different scale to the US economy. As Indonesia prepares to host the International Monetary Fund and World Bank Group annual meeting on the island of Bali in October, authorities are planning for all sorts of potential natural disasters from earthquakes to tsunamis, ...

Bloomberg China’s ride-hailing giant Didi Chuxing issued a public letter of apology and said it would prioritise safety over growth after a second passenger in three months was allegedly murdered by a driver while using its services. “Today, Didi will stop using scale and growth as our measurement of success,” the company said in a statement from Chairman Cheng Wei ...

Bloomberg Mayalyn Magracia is one of millions of undocumented Filipinos. “Like an alien,” is how the housekeeper in Manila describes what she felt when she discovered she had no birth record. That was over a decade ago, when Magracia hoped to find work in a factory or restaurant. Having no birth certificate made it impossible to apply for a government-issued ...

Bloomberg Surendrasingh Sucharia always has a few thousand rupees in his pocket, but can’t recall the last time he used cash. The 29-year-old product manager in Bangalore uses a string of smartphone apps including ones from Google and India’s Paytm to pay for everything from $40 bags of groceries to street food that costs pennies. A bewildering array of digital ...

Bloomberg India has drawn a list of goods it can export to China, replacing US exports that have become costlier in light of the trade spat between the world’s two biggest economies, according to a person with knowledge of the matter. The South Asian nation has identified more than 40 products, including fresh grapes, cotton linters, flue-cured tobacco and alloy ...

Bloomberg Meituan Dianping, the Chinese restaurant review and delivery giant, has started gauging investor demand for a planned Hong Kong initial public offering, people with knowledge of the matter said. A stock offering from the company could raise more than $4 billion, said one of the people, who asked not to be identified because the details are private. Chinese social ...

Bloomberg Cities ranging from Boston to New York and Washington are set to swelter through Thursday as high heat and humidity combine to make 95-degree temperatures feel as if they’re 100 degrees Fahrenheit or more, boosting energy demand to cool homes and businesses. A large area of high pressure has parked across the eastern US, bringing in a typical summer ...

Bloomberg India plans to spend $1.4 billion to send a crew of three to space by 2022, spurred by PM Narendra Modi’s goal that will help the country break into an elite club. A module with three astronauts will be launched from Sriharikota, a tiny barrier island in southeastern India, taking the passengers on a seven-day voyage around the Earth, ...