International News

Bloomberg Speculation about who may or may not finance Tesla Inc. CEO Elon Musk’s audacious plan to take the carmaker private is distracting dealmakers from a normally quiet August spent in the Hamptons or Southern France. As the intrigue enters a second week, with pressure increasing on the billionaire founder to explain how a deal would be funded, one of ...

Bloomberg Beijing MyDreamPlus Technology Co. Ltd. raised $120 million in a funding round led by Hillhouse Capital and General Atlantic as competition in China’s co-working market heats up. The money will be used to fuel expansion as the three-year-old startup targets more than doubling its floor space in the next 12 months. The financing comes just weeks after the Chinese ...

Bloomberg Tencent Holdings Ltd. took another hit to its gaming business, after regulators told the social media giant to remove Monster Hunter: Worldfrom its PC downloads service just days after the action title’s debut. Parts of the Capcom Co. hit failed to meet regulatory standards and the relevant authorities received a “significant amount of complaints,” which in turn spurred the ...

Bloomberg Nikon and Canon face a threat at the top end of the market Eight seconds. That’s how long a cowboy needs to stay on a bucking bronco to qualify for a rodeo score. For photographers, that’s barely enough time to take just a few blurry, often unusable pictures. “In the past, these images would have been made by pre-focusing ...

Bloomberg Samsung Electronics Co. unveiled the Galaxy Note 9 in New York, banking on the larger-screen device to rejuvenate sales of a struggling flagship line and fend off Apple Inc.’s upcoming iPhones over the holidays. The 6.4-inch screen Note 9 will start at $999.99 and max out at $1,249.99 — becoming, at about $100 above the iPhone X’s upper limit, ...

Bloomberg Beijing Bytedance Technology Co Ltd., the startup behind hit Chinese news aggregator Jinri Toutiao, is seeking to raise as much as $3 billion in a funding round that is mostly targeting US investors, a person familiar with the matter said. The fast-growing company held meetings with potential investors for a financing that could value Bytedance at as much as ...

Bloomberg Dada-JD Daojia has raised $500 million from existing backers JD.com Inc.and Walmart Inc. to quicken the growth of its delivery network across China. The logistics company said it intends to use the funds to invest in supply chain technology and serve merchants on its platform, which connects scooter-riding drivers in about 400 cities with about 1.2 million online merchants ...

Bloomberg More than 54,000 people were moved to safer ground in the Philippine capital and nearby provinces, while calls for help swamped social media as monsoon rain triggered floods reminiscent of Typhoon Ketsana, which killed hundreds of people in Metro Manila in 2009. Marikina City implemented forced evacuations affecting at least 21,000 people after its river, the catch basin of ...

Bloomberg A panel of Indian ministers will meet to consider objections by several departments against an Asian trade pact spearheaded by Beijing citing fears of a flood of Chinese imports, people with knowledge of the matter said. The group headed by Commerce Minister Suresh Prabhu will meet on August 10 to discuss concerns flagged by the ministries of steel, pharmaceuticals, ...

Bloomberg Generic drugmakers are being crushed by the very forces that the Trump administration is counting on to drive down prescription costs. While policy makers are betting that opening the market to a deluge of new medicines and reforming the drug supply chain will help contain rising prices, many widely used copycat medications are already seeing their prices fall at ...