International News

Bloomberg China’s plan to counter US import tariffs may throw global aluminum and steel traders into a tizzy, but the net result could be a boon for American primary-metal producers. The retaliatory plan to slap tariffs on US aluminum scrap and some steel products may boost American supplies, lowering raw-material prices, says Zaner Group LLC’s Peter Thomas. That could coax ...

Bloomberg SoftBank Group Corp.’s Vision Fund is looking to invest as much as $150 million in Loggi, a Brazilian-based platform that matches couriers to shippers, according to people familiar with situation. A similar model to many ride-hailing apps, the system flags delivery requests to nearby couriers, known as motoboys—or motorcycle messengers. The fee and route is calculated by the app. ...

Bloomberg After hitting pay dirt with investments in Alibaba Group Holding Ltd. and Xiaomi Corp., Singapore sovereign wealth fund GIC Pte is giving China as much attention as it does Silicon Valley in the search for the next big thing in tech. Valuations for some tech companies globally may be too high, and what differentiates a good investor from an ...

Bloomberg Apple Inc. is preparing to introduce new low-cost iPads and education software next week in a bid to win back students and teachers from Google and Microsoft Corp. In its first major product event of the year, Apple will return to its roots in the education market. The event on Tuesday at Lane Technical College Prep High School in ...

Bloomberg Elon Musk said Tesla Inc. will slow down deliveries in Norway, the automaker’s best market per capita, days before the electric-car maker is due to report quarterly sales that investors watch so closely. Tesla’s CEO made the announcement in a Twitter message, in response to a report that local authorities had ordered trucks carrying Teslas off the road more ...

Bloomberg The UK government will direct Facebook Inc., Alphabet Inc.’s Google, Twitter Inc. and other tech companies to simplify their data management policies for consumers after disclosures about recent breaches, the Sunday Times reported. Matt Hancock, the UK digital, culture and media secretary, told the newspaper that the digital powerhouses were failing to provide users with clear and concise terms ...

Bloomberg Apple Chief Executive Tim Cook has called for stronger privacy regulations that prevent the misuse of data in the light of the controversial leak of Facebook user information. Cook called for “well-crafted” regulations that prevent the information of users being put together and applied in new ways without their knowledge during a session on global inequality at the annual ...

Bloomberg Telenor agreed to sell its businesses in central and eastern Europe to Czech billionaire Petr Kellner’s investment firm PPF Group for $3.4 billion as the Norwegian phone company focuses on markets in Asia and Scandinavia. Telenor will share some of the proceeds with its shareholders, the Fornebu, Norway-based company said. The sale includes Telenor’s mobile operations in Hungary, Bulgaria, ...

Bloomberg Move over Russia, Ukraine and Saudi Arabia. The US looks set to join the group of countries embroiled in disputes at the World Trade Organization involving curbs imposed on national-security grounds. China said it would complain to the WTO about US President Donald Trump’s import tariffs on steel and aluminum after failing to win an exclusion, which Washington gave ...

Bloomberg Tata Steel Ltd. offered 350 billion rupees ($5.3 billion) to lenders to acquire bankrupt Bhushan Steel Ltd., said a person with knowledge of the matter. Mumbai-based Tata Steel offered an all-cash deal to the creditors, the person said, asking not to be identified because the details aren’t public. The lenders declared the steelmaker’s bid successful, subject to the company ...