International News

Bloomberg China made further promises to protect the intellectual property of foreigners investing in its economy, addressing a long-standing grievance as US President Donald Trump plans new tariffs aimed at Beijing. Speaking at the end of the annual National People’s Congress, Premier Li Keqiang said that China wants to avoid a trade war and that the government plans to further ...

Bloomberg UltraTech Cement Ltd. has signed an “in-principle” pact with Binani Industries Ltd. to buy its holdings of a distressed unit as India’s largest cement maker attempts to beat out a Bain-backed consortium, which earlier made the winning bid in ongoing bankruptcy proceedings. UltraTech, controlled by billionaire Kumar Mangalam Birla, said it had agreed to pay 72.7 billion rupees ($1.1 ...

Bloomberg State Bank of India, the country’s largest lender, has approached the apex court to challenge decisions that halted the sale of assets by Anil Ambani’s indebted telecom unit, which is seeking to pare a $7 billion debt pile. The state-run bank is seeking to revoke a high court order as well as one from a bankruptcy tribunal in a ...

Bloomberg A Hyundai Motor Co. executive called for caution in the development of autonomous cars after an Uber Technologies Inc. self-driving vehicle struck and killed a woman in Arizona. “We don’t know other carmakers’ standards on autonomous cars, but ours are not lax,” Yoon Sung-hoon, head of Hyundai’s mid-large vehicle project, said at the sidelines of a Seoul event. Hyundai ...

Bloomberg There’s still plenty of long hours, hard work and heavy travel. But global investment banks in Asia that want to retain and promote women have been offering more incentives for them to return to work and stay in senior jobs—and bumping up the numbers of women in their management ranks as a result. Women account for 13 percent of ...

Bloomberg The European Union will consider offering the UK “improved equivalence” for financial services after Brexit, according to the latest draft of the bloc’s negotiating position, a system Britain has rejected as “wholly inadequate.” It’s not clear what “improved” would mean. What is clear is that the EU is rejecting the UK’s bid for its banks to have access to ...

Bloomberg The UK’s privacy watchdog said it’s requesting a search warrant to comb the offices of Cambridge Analytica as part of an investigation into allegations the firm retained information on millions of Facebook users without their consent. Cambridge Analytica failed to respond to an access request by the Information Commissioner’s Office, forcing the authority to seek a warrant “to obtain ...

Bloomberg German investor sentiment slumped to its lowest level since September 2016 as concern intensified that Europe’s largest economy could be hurt by a global trade war and a strengthening euro.The ZEW Center for European Economic Research in Mannheim said on Tuesday that its monthly index of investor expectations fell to 5.1 in March from 17.8. Economists in a Bloomberg ...

Bloomberg US tariffs on aluminum and steel imports will add thousands of jobs at domestic producers, offsetting labour losses in other industries, while economic growth will slow by a tiny percentage, according to the Coalition for a Prosperous America. The study is from the nonprofit organisation, which has supported the US administration’s skepticism towards free trade. The group estimates President ...

Bloomberg Publicis Groupe SA, the world’s third-largest advertising company, lifted its outlook for growth on the conviction that it’s the best placed to triumph over structural changes in the industry. “We believe that we are the only ones who have the right assets to succeed,” Publicis Chief Executive Officer Arthur Sadoun said in an interview ahead of an investor presentation ...