International News

Bloomberg Google, Twitter Inc. and Facebook Inc. have taken significant steps to expunge IS propaganda and other terrorist content from their platforms. But taking no chances, the European Union (EU) is set to propose a tough new law anyway — threatening internet platforms, big and small, with fines if they fail to take down terrorist material, according to people familiar ...

Bloomberg The US is now making “absolutely amazing’’ progress toward renegotiating the North American Free Trade Agreement (Nafta), and a deal could come as early as this fall, according to White House Council of Economic Advisers Chairman Kevin Hassett. “My guess is that we will see something by the fall,’’ Hassett said in an interview that aired Saturday on Fox ...

Bloomberg An escalating trade spat between the US and the European Union may be starting to leave its mark in France. Exports of manufactured goods from the country dropped in July for the first time in almost two years, IHS Markit said, noting the decline coincides with reports that global trade tensions are weighing on external demand. A gauge of ...

Bloomberg Harley-Davidson Inc. cut its forecast for profit margin this year, adding to its predictions of damage done by President Donald Trump’s trade war. Operating margin will drop to between 9 percent and 10 percent this year due to the expected impact of tariffs, the Milwaukee-based manufacturer said in a statement. The company had been projecting a margin of as ...

Bloomberg US farmers will see the first payments of a $12 billion subsidy program designed to shield them from a burgeoning trade war starting in September, Agriculture Secretary Sonny Perdue said. “The mitigation payments will be eligible in September in some degree and into October and the fall,” Perdue said on the sidelines of an event at the U.S. Embassy ...

Bloomberg President Nicolas Maduro announced a two-week delay to a planned currency redenomination to August 20, when Venezuela will lop five zeroes off the refurbished bolivar and also link it to the country’s Petro cryptocurrency. By “anchoring” the Sovereign Bolivar, as the new currency will be called, the Petro will help stabilize the economy, Maduro said in a speech on ...

Bloomberg Robots could destroy about 7 million existing UK jobs but create at least that many more over the next two decades, according to analysis by PricewaterhouseCoopers. There will still be winners and losers. Worst hit will be manufacturing, which could see 25 percent of current staff cut by 2037 because of artificial intelligence and related technologies, the report said. ...

Bloomberg Hillhouse Capital and KKR & Co. are among firms exploring a potential acquisition of Yum China Holdings Inc., the $14 billion US-listed operator of KFC and Pizza Hut brands on the mainland, people familiar with the matter said. The private equity firms are talking to banks about financing for a possible deal, said the people, who asked not to ...

Bloomberg Indian truckers ended their eight-day strike after the government agreed to consider most of the demands set forth by the transporters. “Government has given us hope, that though not immediately, diesel prices may reduce by five rupees to six rupees a liter in a couple of months,” Kultaran Singh Atwal, chairman of All India Motor Transport Congress said. The ...

Bloomberg Typhoon Jongdari is set to make landfall on Japan’s mainland this weekend, bringing heavy rain and strong winds to much of a country hit in recent weeks by a deadly heatwave and historic flooding. The typhoon was located off Chichijima, an island in the Pacific about 1,000 kilometres southeast of Tokyo, in Japan on July 27. Carrying sustained winds ...