International News

Bloomberg British lawmakers released documents that show law firms and consultants got millions of pounds from Carillion Plc, a day before the failing company’s chairman asked for an emergency government loan in a letter that one committee head called a “ransom note.” Carillion’s board requested $13.9 million after paying more than 6 million pounds to companies including Ernst & Young ...

Bloomberg Hours after EU trade chief Cecilia Malmstrom said she had “no immediate clarity” on whether the bloc will be let off the hook from planned US tariffs, President Donald Trump laid down his conditions and repeated a threat if they’re not met. “The European Union, wonderful countries who treat the US very badly on trade, are complaining about the ...

Bloomberg A leak of WhatsApp chats from a Conservative Party group that favours a complete UK withdrawal from the European Union shows the breadth of animosity among factions in the governing party and the possible threat posed to a uneasy truce. The messages, published by BuzzFeed on March 10, are from the WhatsApp forum of the European Research Group, which ...

Bloomberg UK Chancellor of the Exchequer Philip Hammond will seek the public’s view on how the country can be a leader in reducing plastic waste. Suggestions will be sought on how the tax system can be used to encourage new technology and bring about behavioral change required to cut the usage of single-use plastics, the Chancellor said. The consultation will ...

Bloomberg The US labour market still has plenty of room to run. That’s the message from government data on March 10, which gave multiple indications America’s jobs situation isn’t as tight as previously thought, sending stocks and bond yields higher. Employers added the most workers since mid-2016, the participation rate rose by the most in almost eight years despite downward ...

Bloomberg A shudder reverberated through the global technology sector as the Trump administration considers tariffs on Chinese imports including consumer electronics. Under the most severe scenario being weighed, the US could impose tariffs on a wide range of Chinese imports from shoes and clothing to tech gadgets, said two people familiar with the matter, who asked not to be identified ...

Bloomberg The Supra is back, and it’s more than a halo car for Toyota Motor Corp. It’s a statement of intent. President Akio Toyoda is resurrecting Toyota’s most iconic sports car after a 16-year break to get customers excited about gripping a steering wheel at a time when the industry races towards self-driving cars. Six years in development, Asia’s biggest ...

Bloomberg Billionaire Anand Mahindra, chairman of India’s largest SUV maker, can’t understand why Indian markets seem perturbed by the threat of a global tariff war. “Small, export focussed countries stand to lose. Countries with large domestic economies can easily withstand tariff threats,” Mahindra tweeted. As President Donald Trump’s steel tariff prompts concern about retaliation and a trade war, the head ...

Bloomberg Tata Sons Ltd. is seeking an offshore syndicated loan, as it seeks to pay down expensive debt at telecommunications units, according to people familiar with the matter. The holding company for India’s biggest business group has mandated lenders for a $1.5 billion six-year loan, the people familiar said this week. Tata Sons plans to use the proceeds to repay ...

Bloomberg China’s speedy approval of what will probably be one of its biggest IPOs in history has all the markings of a perfect marriage. Foxconn Industrial Internet Co., a maker of smartphones, cloud computing equipment and robots, is preparing to list in Shanghai just as the government seeks to revive the nation’s equity market with shiny new tech companies. The ...