International News

Bloomberg Home-rental providers Airbnb Inc. and HomeAway are suing New York City over a recently passed law that allows the collection of data on the websites’ hosts, claiming the ordinance violates users’ constitutional rights. Airbnb is hoping to avoid millions in losses when the law, designed to police short-term home rentals, takes effect this winter. The New York City legislation, ...

Bloomberg With Brexit talks back from the summer holidays, it’s worth considering one way in which failure to reach a deal before the UK’s departure in March would also be bad for the European Union. Such an outcome would unsettle the City of London, the motor of the British economy. But the danger for the EU is that Britain responds ...

Bloomberg The US and Mexico are resolving their differences on agricultural products covered under Nafta after the Trump administration withdrew some of its sweeping demands, bringing the nations closer to an overall deal, according to five people familiar with the discussions. American negotiators dropped their demand in the last week to erect barriers against seasonal imports of a wide variety ...

Bloomberg Tesla Inc.’s board of directors is at a critical juncture, wedged between a larger-than-life figure to whom many are personally close and their larger responsibility to shareholders. Elon Musk’s astonishing interview with the New York Times has heightened concerns surrounding the health of Tesla’s chairman and chief executive officer, with shares plunging 8.9 percent, the largest drop in nearly ...

Bloomberg The Benetton family’s Atlantia SpA is preparing a compensation package to help victims of the Genoa bridge disaster and provide the region with funds to repair damaged train links and roads. The plan was worked out in consultations between executives at the family’s holding company, the Atlantia infrastructure company they control, and their lawyers and advisers. Autostrade per l’Italia, ...

Bloomberg A Texas jury hit Toyota with a $242 million verdict after finding that defects in the front seats of a 2002 Lexus ES300 caused serious injuries to a Dallas family’s two young children during a rear-end collision in 2016. The jury in state court in Dallas awarded $144 million in punitive damages after finding Toyota Motor Corp. and Toyota ...

Bloomberg The worst floods in a century in India’s southern state of Kerala have killed 324 people, caused $2.8 billion in damage and left more than 220,000 homeless since start of the monsoon season in June as the armed forces and rescue teams try to evacuate low-lying areas in which others are still stranded. One of the country’s top tourist ...

Bloomberg The US Justice Department reiterated it wasn’t involved in turning over Low Taek Jho’s $250 million super yacht to Malaysia from Indonesia as the fugitive financier vowed not to submit to any jurisdiction where his guilt had been predetermined. Federal prosecutors said their only part in the yacht’s handover was to advise the crew members of the “Equanimity” to ...

Bloomberg Amazon’s country manager for India has proposed a radical idea: Log off; get a life. In an email to his team earlier this month, Amit Agarwal counselled colleagues to stop responding to emails or work calls between 6 pm and 8 am in the interest of “work-life harmony.” He also talked about the importance of work discipline and how ...

Bloomberg Bitmain Technologies Ltd., the world’s biggest producer of cryptocurrency mining chips, is planning a Hong Kong initial public offering that could raise as much as $3 billion, people with knowledge of the matter said. The Beijing-based company, whose 32-year-old co-founder Jihan Wu is one of the most powerful players in crypto, plans to file a listing application with the ...