International News

Bloomberg Twenty-two states and the District of Columbia have joined the legal battle started by Mozilla Corp. and Vimeo Inc. to reverse the Federal Communications Commission (FCC) repeal of net neutrality. The Obama-era prohibitions, meant to prevent broadband service providers from slowing or blocking web traffic or demanding payment for faster speed across their networks, were rescinded by the FCC ...

Bloomberg Airbnb Inc. is largely known for cheap accommodations and the occasional awkwardness that comes with staying in someone else’s home. Now the company wants to broaden its appeal by incorporating what has long been seen as the enemy: hotels. At a company event, Brian Chesky, Airbnb’s co-founder and chief executive officer, outlined a roadmap designed to make his service ...

Bloomberg The founder of Zhejiang Geely Holding Group Co. has accumulated a stake worth about 7.3 billion euros ($9 billion) in Daimler AG, marking the biggest investment in a global automobile manufacturer by a Chinese company. Li Shufu acquired the 9.7 percent holding through Geely Group, a company owned by the billionaire and managed by his carmaking group, according to ...

Bloomberg India may export more sugar than previously forecast as higher yields boost supply in the world’s top consumer. Shipments may total 1.5 million metric tons in the next six to eight months, said Abinash Verma, director general of the Indian Sugar Mills Association. In January, he said millers were asking the government to abolish a 20 percent export duty ...

Bloomberg China’s insurance regulator found three domestic insurers violated foreign investment rules, giving the companies a month to “correct” the breaches. China Re Asset Management Co., China Life Insurance Co. and Ping An Insurance (Group) Co. violated regulations on investable countries and regions, the China Insurance Regulatory Commission said in three separate notices posted on its website. The statements didn’t ...

Bloomberg Luye Medical Group, the health-care services provider backed by acquisitive Chinese entrepreneur Liu Dianbo, picked banks to manage a Singapore initial public offering that could raise about $500 million, people with knowledge of the matter said. Bank of America Corp., Credit Suisse Group AG and UBS Group AG were chosen after submitting proposals earlier this month, according to the ...

Bloomberg China’s home prices rose in fewer cities in January as the government persisted with an almost two-year campaign to cool the market. New-home prices, excluding government-subsidized housing, climbed in 52 of 70 cities tracked, compared with 57 in December, the National Bureau of Statistics said on Saturday. Prices fell in 13 cities from the previous month and were unchanged ...

Bloomberg India’s biggest exchange operator, which ended licensing deals with its global counterparts in an effort to rein in offshore derivatives, wants index compilers to stay out of the dispute. Vikram Limaye, chief executive officer of the National Stock Exchange of India Ltd., said in an interview that he is asking MSCI Inc. to tell its clients to not use ...

Bloomberg Some are handing out bonuses or raising pay, others are subsidising housing or upgrading mobile homes to include showers and central heating. Whatever they’re doing to attract or retain workers, British farmers are increasingly worried about a labour shortage. Brexit is delivering on at least one of the priorities for its ardent supporters as Europeans start to stay away ...

Bloomberg Volkswagen AG offered a tempered earnings and sales forecast for 2018, citing the risk of a “slight” slowdown in the global economic growth that powers the car-buying market. Operating profit could increase by a fraction of a point to as high as 7.5 percent of revenue this year, Volkswagen said. Sales will rise 5 percent, but the forecast depends ...