International News

Bloomberg These are challenging times for India’s technology-services industry. Growth has slowed. Profits are pinched. Layoffs, once unheard of, are commonplace. Many of the businesses’s own leaders think its best days are in the past. Rajesh Gopinathan is not one of them. The chief executive officer of Tata Consultancy Services Ltd. argues the industry’s opportunities today are bigger than they’ve ...

Bloomberg America’s closest allies plan to slap billions of dollars in tit-for-tat tariffs on US goods after the Trump administration announced it’s imposing steel and aluminum duties on them. The reaction was swift after Commerce Secretary Wilbur Ross announced the US will levy new metals duties on imports from the European Union, Mexico and Canada on national security grounds, ending ...

Bloomberg Fiat Chrysler Automobiles NV plans to form its own financing business in the US and has started discussions with partner Santander Consumer USA Holdings Inc., which it has an option to buy out. That would allow Fiat Chrysler to “participate more fully in capturing value from emerging platforms,” Chief Financial Officer Richard Palmer said in a presentation near Turin, ...

Bloomberg British consumers are worried about prospects for the economy with Brexit on the horizon, and that could spark a shift in behaviour that drags even more on growth. Households have driven expansion for more than a year, but only because they saved less to keep up spending during 2017’s inflation surge. They may be less willing to do so ...

Bloomberg Mexican businessmen aren’t breaking any laws when they ask their employees to not vote for a certain candidate, according to Lorenzo Cordova, head of Mexico’s electoral regulator. If and when any of these activities turn illegal, the National Electoral Institute will act accordingly, the newspaper Reforma reported, citing remarks by Cordova. As long as no laws are broken, their ...

Bloomberg Auto sales were supposed to slow again this year. But with the US economy chugging along, car shoppers keep strolling into showrooms. The pickup in hiring and President Donald Trump’s tax cuts have helped keep new-vehicle demand humming. Almost every automaker’s May results beat analysts’ estimates, and several posted increases, led by Fiat Chrysler Automobiles NV’s 11 percent jump. ...

Bloomberg SoftBank Group Corp.’s Masayoshi Son wants his company to grow for 300 years, and he’s willing to pour billions of dollars into far-out technology to make it happen. General Motors Co., a business that is already more than a century old, is now part of that plan. GM said that the SoftBank Vision Fund is investing $2.25 billion in ...

Bloomberg Micron Technology Inc., the largest US maker of computer memory chips, said Chinese regulatory authority representatives visited its offices in that country, potentially opening another front in a growing trade dispute between the world’s two largest economies. “Micron confirms that China’s State Administration for Market Regulation authorities visited Micron’s China sales offices on May 31 seeking certain information,” the ...

Bloomberg The European Union complained to the World Trade Organization (WTO) about China’s technology-transfer practices in a surprise move that adds to US political pressure on Beijing. On the same day it filed a WTO complaint over US metal tariffs, the EU turned to the global trade arbiter to challenge Chinese intellectual-property (IP)legislation that forces European companies going to China ...

Bloomberg Reliance Communications Ltd. soared in Mumbai trading after it settled a payment dispute with the local unit of Ericsson AB, allowing the debt-laden phone operator to proceed with a planned asset sale to Reliance Jio Infocomm Ltd. and possibly stave off insolvency. RCom, as the company is known, advanced 6.6 percent to close at 18.65 rupees in Mumbai after ...