International News

Bloomberg The European Union distanced itself from the idea of reviving talks on a broad free-trade agreement with the US as part of EU efforts to gain a permanent exemption from President Donald Trump’s controversial import tariffs on steel and aluminum. A day after US Commerce Secretary Wilbur Ross said the Trump administration is willing to restart negotiations on the ...

Bloomberg Tesla Inc. is recalling all Model S cars built before April 2016 to retrofit a power-steering component as the company caps its worst one-month performance in the stock market since December 2010. The issue, which the carmaker said has not led to any accidents or injuries, impacts only the flagship Model S sedan, not the Model X sport utility ...

Bloomberg Telegram Group Inc., an encrypted messaging app seeking to create its own cryptocurrency, has increased the proceeds from the world’s largest initial offering to $1.7 billion, according to a regulatory filing. Telegram raised $850 million from 94 investors in March in addition to $850 million it gained in February, and “may pursue one or more subsequent offerings,” the British ...

Bloomberg Facebook Inc. pays female staff in Britain just 0.8 percent less on average than male employees, but womens’ bonuses are almost 40 percent lower. The mean average disparity in pay at Facebook is an improvement compared to Google’s UK arm, where women are paid on average 17 percent less than men. Google’s average bonus for female staff is 43 ...

Bloomberg President Donald Trump lit into Amazon.com Inc. for the second time in three days with a pair of Twitter messages that said the online retailer “must pay real costs (and taxes) now!” The president on Saturday claimed, citing reports he didn’t specify, that the US Postal Service “will lose $1.50 on average for each package it delivers for Amazon.” ...

Bloomberg Elon Musk’s SpaceX won approval from the US Federal Communications Commission to offer broadband service from space, using a constellation of 4,425 satellites racing around the Earth in low orbits. The action, approved in a 5-0 vote by FCC commissioners, is the first approval of a US-licensed satellite constellation to deliver broadband, or fast internet service, the agency said ...

Bloomberg Google could owe Oracle Corp. billions of dollars for using Oracle-owned Java programming code in its Android operating system on mobile devices, an appeals court said, as the years-long feud between the two software giants draws near a close. Google’s use of Java shortcuts to develop Android went too far and was a violation of Oracle’s copyrights, the US ...

Bloomberg As the global auto industry vies to deploy driverless cars, some contenders may be cutting corners in a bid to get ahead, carmakers warned in the aftermath of the first pedestrian death tied to the emerging technology. “Some competitors, not by name because there are several, they’re trying to race to be the first one to show autonomous driving. ...

Bloomberg Diversity is making a comeback in US cropland. The declining popularity of corn and soybeans, predicted by the US government, may mean wheat, cotton and other commodities literally regain ground they’ve lost in recent years. The Department of Agriculture estimates the acreage for soybeans may drop 1.3 percent to 89 million acres this year, despite being projected to overtake ...

Bloomberg SoftBank Group Corp. is edging closer to a deal to buy a stake in Swiss Re AG that would value the reinsurer at as much as $39 billion, according to people with knowledge of the matter. Billionaire Masayoshi Son’s SoftBank is holding talks to buy a 25 percent stake at about 100 Swiss francs to 105 Swiss francs a ...