International News

Bloomberg Jaguar Land Rover owner Tata Motors Ltd. had just about 200 women on the shop floor three years ago. Now, it has 10 times that number and is looking to hire more. In socially conservative India, that may be a tall order. Better educated women from wealthier families aren’t encouraged to work and it’s usually when a man’s salary ...

Bloomberg UK engineer GKN Plc agreed to sell its automotive unit to US-based Dana Inc. in a $6.1 billion transaction aimed at repelling a hostile takeover from investment group Melrose Industries Plc. GKN shareholders would get stock in the new group valued at $3.5 billion, plus $1.6 billion of cash, and Dana would assume $1 billion of pension debt, the ...

Bloomberg The UK refused to rule out seeking its own exemption from US steel tariffs, risking a legal dispute with the European Union that could sour Brexit talks. EU officials are pressing President Donald Trump to exclude the bloc from the border charges he slapped on foreign steel and aluminum this week. The UK saidthat it’s working with its EU ...

Bloomberg Inside New York’s St. Regis Hotel, debt investors were given what’s becoming a familiar pitch: a high-flying tech company with a charismatic leader but no real cash flow was asking them to lend it money. This time it was Uber Technologies Inc., the ride-hailing company that’s reshaped the taxi business around the globe. The company is seeking a $1.25 ...

Bloomberg AT&T Inc. lashed out at the US antitrust lawsuit against the company’s proposed takeover of Time Warner Inc., saying the government’s own economic expert determined the deal would raise prices for pay-TV subscribers by just 45 cents a month. The telecommunications giant derided the Justice Department’s case, saying the government’s own analysis shows the deal would cause minimal consumer ...

Bloomberg In late February, Oracle Corp. co-CEO Safra Catz met with a top Pentagon official to discuss the government’s defense strategy days before the department was set to outline how it plans to spend billions of dollars on cloud-computing services. Catz’s meeting with Deputy Secretary of Defense Patrick Shanahan, which was confirmed by a department spokesman, came as technology companies ...

Bloomberg China’s efforts to revive Silk Road trading routes are proving to be a boon for a slightly less ancient mode of transportation: freight trains. The value of cargo sent between between China and Europe by rail surged more than 140 percent in the first six months of 2017, according to a new report from the Center for Strategic and ...

Bloomberg Essar Steel India Ltd.’s sale is facing a fresh delay, after creditors of the insolvent firm pushed back a decision on bids from ArcelorMittal and a consortium backed by VTB Group, people with knowledge of the matter said. A committee of Essar Steel creditors, originally slated to convene earlier this week, has postponed a meeting to discuss the offers, ...

Bloomberg Kia Motors Corp. will take a plunge into India’s crowded small car market. The affiliate of South Korea’s Hyundai Motor Corp. plans to make three or more models in the compact hatchback and sport-utility vehicle segments within three years of starting production in 2019, Manohar Bhat, head, marketing and sales at Kia’s local unit said in an interview. Hatchbacks ...

Bloomberg China said a bill for a property tax is being drafted, moving a step closer to a levy that could help tame runaway home prices. Officials are working on the measure, Vice Finance Minister Shi Yaobin said in a briefing in Beijing during the annual meeting of the National People’s Congress. Former Finance Minister Lou Jiwei told reporters that ...