International News

Bloomberg Australia, India, Japan and the US are discussing a joint infrastructure plan, Australian Foreign Minister Julie Bishop said, as China’s own building initiative deepens its economic clout across Asia. Senior officials from the four Group of 20 nations have discussed “a range of opportunities and challenges,” Bishop told Sky News in an interview that aired on Monday ahead of ...

Bloomberg Siemens AG will press ahead with an initial public offering of its health-care unit as CEO Joe Kaeser unloads another key business at Europe’s largest engineering company. The IPO of “a meaningful minority share” in Siemens Healthineers, as the company is known, will be completed in the first half of the year on the Frankfurt Stock Exchange, subject to ...

Bloomberg While US steel and aluminum producers surged after the Commerce Department released its recommendations for restricting imports, a muted reaction among the biggest Asian metals stocks suggests the international impact will be spread thinly—unless US action prompts retaliation from its biggest suppliers. Japan’s top steelmakers, Nippon Steel & Sumitomo Metal Corp. and JFE Holdings Inc., and its largest maker ...

Bloomberg Former US Director of National Intelligence James Clapper contradicted a tweet from a Facebook Inc. executive that said swaying the 2016 election wasn’t the main aim of Russian interference outlined in a new indictment. “Clearly the Russians were trying to affect the election,” Clapper, who served under President Barack Obama, said on CNN’s “State of the Union”. He said ...

Bloomberg Daimler AG fell after a German newspaper reported US investigators detected software in its Mercedes-Benz diesel cars that might have been designed solely to pass regulatory emissions tests. The vehicle maker developed several software applications that reduce or regulate the application of AdBlue fluid that helps eliminate harmful exhaust gases, Bild am Sonntag reported Sunday, citing confidential documents. Daimler ...

Bloomberg The income boom enjoyed by people born between 1966 and 1980 has turned to “bust” for the generation that followed them, according to a report published on Monday. In an analysis of eight high-income countries, the Resolution Foundation think tank found that millennials in their early 30s have household incomes 4 percent lower on average than members of so-called ...

Bloomberg If you’ve overestimated the daily demand for chia seed and homemade granola pots, or dripping, do you just throw the food out, or try and sell it quickly on the cheap? Fifty eateries in London, including Aubaine, Hummus Bros, Magpie, and Michelin-starred Aquavit, can now opt for the latter through a mobile app, Karma, which launched in the city ...

Bloomberg The Philippines has invited Jack Ma and his Alibaba Group to partner with President Rodrigo Duterte in helping to improve technology for governance and to assist in building an inclusive financial system that would aid small businesses, Finance Secretary Carlos Dominguez said. Ma, in a meeting with Philippine government officials in Hangzhou on February 1, said the Philippines had ...

Bloomberg An investor group led by Dalmia Bharat Ltd. with backing from Bain Capital submitted the highest bid for India’s Binani Cement Ltd., which is being sold under the country’s insolvency process, people with knowledge of the matter said. The Dalmia Bharat consortium made a final offer of more than 63 billion rupees ($981 million), according to the people, who ...

Bloomberg Tropical Cyclone Kelvin is crossing the Kimberley coast in Australia’s northwest with destructive winds likely near the center over the next few hours as the storm moves inland, according to the Bureau of Meteorology. Kelvin, a Category 2 system on a scale of one to five, is moving east at 9 kilometers (5 miles) per hour with sustained winds ...