International News

Bloomberg A top Facebook Inc executive said the company’s strategy to distinguish between journalism and political content will go into effect in the “coming days.” Facebook’s head of global news partnerships, Campbell Brown, said in an updated blog post that the social-media giant would divide its political ads archive into two sections — one for ads promoting news stories about ...

Bloomberg At a new luxury-condo building in Brooklyn, one buyer told broker Ryan Serhant that she’d like three apartments — one for herself to live in, and two as investments to rent out. She wasn’t the only one. The tower, 550 Vanderbilt, had more buyers become landlords in 2017 than any other condo project in the city, according to data ...

Bloomberg Private equity firms are setting their sights on French payments processor Ingenico Group SA as they scout the market for their next target among Europe’s hottest fintechs, according to people with knowledge of the matter. The Paris-based company, with a market value of about 4.73 billion euros ($5.5 billion), is drawing preliminary interest from several buyout firms, some of ...

Bloomberg Facebook Inc said private data about its European users may not have fallen into the hands of Cambridge Analytica after all, as the social network continues to fend off criticism about a scandal that sparked global outrage. “The best information we have suggests that no European user data was shared by Dr [Aleksandr] Kogan with Cambridge Analytica,” Stephen Satterfield, ...

Bloomberg France’s Eutelsat Communications SA said it won’t make a takeover offer for Inmarsat Plc, a sudden reversal that strengthens EchoStar Corp.’s hand in its pursuit of the British satellite operator. Eutelsat had said it might bid for Inmarsat, confirming a report by Bloomberg News. The change of heart means that, under UK takeover rules, the Paris-based company now can’t ...

Bloomberg Rupert Stadler, Audi’s suspended chief executive officer, is facing at least another week in a German prison over the carmaker’s diesel scandal, as an ex-manager who oversaw engine development was released on bail after nine months. Defense attorneys and investigators scheduled meetings to allow Stadler to answer questions for next week, and he will remain in custody for now, ...

Bloomberg Prime Minister Theresa May’s chaos-stricken UK government risks slowly suffocating investments for car manufacturers desperate for clarity post-Brexit from a party that calls itself pro-business. That’s the stark assessment of Mike Hawes, chief executive officer of the Society of Motor Manufacturers and Traders, who took a jab at May’s widely-debunked promise that there will be extra money to spend ...

Bloomberg Volkswagen AG’s fledgling Moia mobility unit is betting on the rise of self-driving cars to deliver on its plan to catch up with ride-hailing leaders like Uber Technologies Inc without burning through piles of cash. Moia is focussed on connecting the fast-changing mobility marketplace with the German automaker’s vast manufacturing capacity, including its efforts to develop autonomous cars, according ...

Bloomberg A Mumbai train commuter who witnessed an accident earlier this month, turned to his smartphone to ask neighbors how to help a bleeding victim. Responses poured in instantaneously. Take him to the station master at the next stop; ask the ticket collector for first aid; call 138 for emergency help and so on. Not long after, the commuter posted ...

Bloomberg Meituan Dianping, the world’s fourth-most valuable startup, filed for an initial public offering in Hong Kong and revealed the scope of its losses for the first time. While the company didn’t disclose how much it was planning to raise from the stock sale, it unveiled a net loss of $2.9 billion last year on revenue of 33.9 billion yuan, ...