International News

Bloomberg Bayer AG and Johnson & Johnson’s blood-thinning drug Xarelto didn’t prevent clotting in high-risk patients after they were released from the hospital, a setback for one of the manufacturers’ best-selling drugs. About 12,000 medically ill patients at increased risk of blood clotting took part in the trial, known as the Mariner study. The results were presented at the European ...

Bloomberg Elon Musk’s stunning tweet that he wanted to take Tesla Inc. private and had funding secured was a classic Musk moonshot — given credibility only by the sense that if anyone could possibly pull such a brazen feat, he was the guy. The initial scoffing after that August 7 post gave way to hiring of bankers to a board ...

Bloomberg The trade war between the US and China is about to get uglier. After a long, hot summer spent weighing risks and firing warning shots, the hawks in President Donald Trump’s administration have gained the upper hand — and they’re set to unleash a fall offensive. Talks in Washington this week yielded little visible progress towards a ceasefire between ...

Bloomberg Today on the Pebble Beach Golf Course in California, Ferrari unveiled the 50th convertible model it has ever made, the Ferrari 488 Pista Spider. This 488 Pista Spider is the continuation of Ferrari’s top-selling 488 line. It has the most powerful Ferrari V8 engine ever—720 horsepower on twin-turbos—and a unique barking rev sound thanks to the fact that it ...

Bloomberg The UK government said it will move forward with plans to punish directors who fail to safeguard their workers from the effects of a company’s bankruptcy. New powers announced Sunday will be given to the UK Insolvency Service, including the ability to issue fines or even disqualifications to company bosses if they are found to have tried to avoid ...

Bloomberg Sarah O’Brien, Tesla Inc.’s vice president of communications, is leaving the company after nearly two years, the company confirmed. Her departure has been planned for a few months and precedes the recent drama surrounding Chief Executive Officer Elon Musk’s aborted attempt to take the electric carmaker private. Her last day will be September 7. “We’d like to thank Sarah ...

Bloomberg Poland’s jobs conundrum is worse than it looks. A labour shortage has increasingly emerged as one of the biggest hurdles for the European Union’s biggest eastern economy. Now the remaining pool of available workers is drying up fast. Data showed Poland’s registered jobless rate unchanged in July at a record low, with the number of newly unemployed down by ...

Bloomberg South Korea’s antitrust watchdog proposed new rules for family-run conglomerates to make it harder for such businesses to muscle through their agendas at the expense of minority shareholders. The proposed amendments to existing regulations would require a newly created holding company to own at least 30 percent in an entity it wants to treat as a listed subsidiary and ...

Bloomberg Reliance Communications Ltd., the embattled Indian mobile operator headed by billionaire Anil Ambani, clinched the approval of overseas bondholders to ease its debt burden, putting the company a step closer to averting bankruptcy. RCom, which defaulted last year on its $300-million bond, got 83 percent of the noteholders to approve the plan in London, the company said in an ...

Bloomberg To ease traffic congestion in the Philippines’ main financial centre, there’s no way to go but underground and afloat, said businessman Antonio Tiu, who is leading a venture for one of two subway projects in the capital region. IRC Properties Inc., Tiu’s venture with Chinese and Hong Kong companies for a $3.7 billion underground system in Metro Manila’s Makati ...