International News

Bloomberg Taiwan Semiconductor Manufacturing Co. blamed a crippling cyber-virus outbreak on a variant of the 2017 WannaCry ransomware, outlining how it shut several plants just as the company ramps up chipmaking for Apple Inc.’s next iPhones. Chief Executive Officer C. C. Wei said full operations have resumed and that the malware would reduce revenue this quarter by no more than ...

Bloomberg One of China’s largest appliance makers is preparing for the impact of US trade tariffs as it seeks to expand its international footprint. About 5 percent of products sold in the US by GE Appliances — a unit of Qingdao Haier Co. — are imported from China and face tariffs now or will get hit by those being proposed ...

Bloomberg Japan is considering implementing daylight savings time in 2019 and 2020 to cope with the intense summer heat, after soaring temperatures this year cast doubt over the ability of the country to safely host the 2020 Olympics, the Sankei newspaper reported. The government and ruling parties are seeking to pass a bill this autumn, according to the report, which ...

Bloomberg The Brexit negotiations are more likely to end in failure than in success, UK International Trade Secretary Liam Fox said, adding to a growing sense that Britain is heading for a messy divorce from the European Union. There’s a 60 percent likelihood of a no-deal outcome, Fox told the Sunday Times in an interview. He blamed the European Commission ...

Bloomberg Canada’s foreign affairs minister Chrystia Freeland said she’s ready to move forward quickly once the US and Mexico reach an agreement on automobiles, and downplayed any notion that her country has been shut out of North American Free Trade Agreement (Nafta) talks. “I and Canada are very, very keen to get it done as quickly as possible,” Freeland told ...

Bloomberg Comcast Corp. doesn’t have to raise its offer for Sky Plc, at least not yet. A ruling from UK takeover authorities kept a floor price of 14 pounds per share for Sky, below the US cable giant’s overall $34 billion bid. That means Comcast, whose offer for the UK pay-TV company is currently the highest, doesn’t have to increase ...

Bloomberg It’s no secret: US businesses are dealing with rising costs, from labor to raw materials to shipping expenses. But many are already starting to see the light at the end of the tunnel as the economy works its way through what may prove to be temporary inflationary pressures. Take Clorox Co., for example. The Oakland, California-based consumer-products maker’s chief ...

Bloomberg Tata Group may have to pay around $1.3 billion in dues to the Indian government to rescue the proposed sale of its mobile-phone business to Bharti Airtel Ltd., people familiar with the matter said. The department of telecommunications is demanding that Tata Teleservices Ltd. clear any obligations to the government before it approves the deal that was struck in ...

Bloomberg A computer virus halted several Taiwan Semiconductor Manufacturing Co. factories, dealing the company one of its most severe disruptions as it ramps up chipmaking for Apple Inc.’s next iPhones. The sole maker of the iPhone’s main processor said a number of its fabrication tools had been infected, and while it had contained the problem and resumed some production, several ...

Bloomberg Back in April, giant Chinese developer Country Garden Holdings Co. ordered its thousands of staff to move faster in getting projects to market. The human and financial cost of the emphasis on speed is now coming into focus, after deadly accidents at its building sites caused the stock to crash. Country Garden shares plunged 17 percent, lopping off $6 ...