International News

Bloomberg China has charged its former top internet censor with corruption, formalising the demise of an official who became synonymous with the country’s strict control of online information. Lu Wei was charged with accepting bribes, taking advantage of his official position and using other officials to seek profits, according to a statement issued by the Supreme People’s Procuratorate, China’s top ...

Bloomberg Nissan Motor Co. may decide soon on building another factory in China as the company pursues a goal of expanding sales in the country by 1 million units by 2022, according to its CEO. “First step is adding capacity in the existing operation. We still have some room to expand,” Chief Executive Officer Hiroto Saikawa said Monday during an ...

Bloomberg Jaguar Land Rover posted a quarterly loss amid a decline in deliveries of its sport utility vehicles (SUV) F-Pace and Discovery Sport from a year earlier. The luxury unit of Tata Motors Ltd. reported a loss of $276 million in the three months ended on June 30, the automaker said. The parent also posted a loss of $277 million. ...

Bloomberg Starbucks Corp. will be joining forces with Alibaba Group Holding Ltd. to begin delivering its drinks and baked goods in China, according to people with knowledge of the plans, rolling out an effort to stave off competitors and turn around sales in the country. Ele.me, the meals delivery service owned by Alibaba, will handle the logistics in a deal ...

Bloomberg BMW AG and Daimler AG are facing more pain in China after higher tariffs on US-imported cars force price hikes and consumers hold back on their next purchase. BMW, which like Daimler AG ships US-made sport utility vehicles to China, said it will join Tesla Inc. in raising prices in the Asian country. The steeper charges are a result ...

Bloomberg The Indonesian government is seeking to boost coal exports and increase foreign exchange earnings by scraping an obligation on miners to supply domestic power stations, according to a senior minister. The proposal, which will be discussed in a cabinet meeting on Tuesday, can generate an additional $5 billion annually in export proceeds, Coordinating Minister for Maritime Affairs Luhut B. ...

Bloomberg Amidst the hand-wringing over escalating US-China trade tensions, Taiwanese electronics producer New Kinpo Group is rejoicing. Chief Executive Officer Simon Shen said inquiries about New Kinpo’s plants in Thailand and in the Philippines, where its unit Cal-Comp Technology plans a public listing this year, are increasing. New Kinpo has 28,000 workers in the two Southeast Asian countries — thrice ...

Bloomberg Indian companies have been involved in deals worth a record $97.6 billion this year. Top banker JPMorgan Chase & Co. is predicting more offshore interest in the nation, particularly in technology, media and telecom. Walmart Inc.’s $16 billion acquisition of a majority stake in Indian e-commerce company Flipkart Online Services Pvt. Ltd. — a deal JPMorgan advised — has ...

Bloomberg China’s vaccine scandal is sparking protests and panic among parents, with the revelation two drugmakers sold poor-quality vaccines for infants reviving anxiety over the country’s ability to ensure safety in the world’s second-biggest healthcare market. Demonstrators gathered outside the National Health Commission in Beijing on Monday, according to videos posted on Twitter, demanding tougher regulation of vaccine sales in ...

Bloomberg Greece is planning a return to the markets in a bid to regain its status as a “normal” country. If the government can announce by the end of the year its program for tapping the markets in 2019, and repeat this exercise each year for the following 12 months, the plan will have worked, an official familiar with the ...