International News

Bloomberg Alibaba Group Holding Ltd. plans to buy a 15 percent stake in a chain of Chinese home improvement and furniture stores as part of its pushing into “new retail,” the company said on Sunday. The e-commerce giant will invest about 5.45 billion yuan ($865 million) in Beijing Easyhome Furnishing Chain Store Group Co., and support the digital transformation of ...

Bloomberg China’s ability to export inflation to the world appears to be waning, right at a time when investors are worried that global prices are taking off amid faster economic growth. Factory prices, which feed through into the prices export customers pay, are continuing to soften, suggesting the world’s biggest trading nation won’t be passing on much more by way ...

Bloomberg Hon Hai Precision Industry Co. Chairman Terry Gou, best known for assembling Apple Inc.’s iPhones, plans to increase its focus on artificial intelligence and big data over the next few years as he seeks to transform the contract manufacturer into a more influential force in the global technology industry. Gou, at an annual gathering in Taipei for employees and ...

Bloomberg Justin Trudeau’s latest mission to bolster Nafta ended on an upbeat note, as the Canadian leader said there’s still a “clear path” to a deal while pushing back against US President Donald Trump. Trudeau capped a US swing in Los Angeles after stops in Chicago and San Francisco. During the trip he rejected the belief that trade deals see ...

Bloomberg Expedia Inc. shares tumbled the most in more than three months after outlining plans to spend a lot more in 2018, in an effort to modernize operations and bolster its short-term vacation rental unit. The company gave a forecast for 6 percent to 11 percent annual growth in earnings before interest, taxes, depreciation and amortization — a measure of ...

Bloomberg The UK is leading the way into an online-shopping future, and that has the country’s traditional brick-and-mortar retailers fighting for their lives. With 18 percent of retail sales taking place online in Britain, the stakes are even higher than in the US, where the comparable figure is 12 percent — and where department-store owner Bon-Ton Stores Inc has just ...

Bloomberg Norway’s economic recovery continued in the fourth quarter led by rising consumer spending and investments while a report showed inflation unexpectedly slowed at the start of the year. Mainland economic growth, which excludes oil and shipping, expanded by 0.6 percent in fourth quarter, down from a revised 0.7 percent in the prior period, Statistics Norway said in a statement. ...

Bloomberg Eurostar International Ltd. will link London with the Netherlands by rail starting April 4 in the biggest expansion of the Channel Tunnel express operator’s network since it commenced operations in 1994. Trains from the UK capital will take slightly over three hours to reach Rotterdam and a further 40 minutes before arriving in Amsterdam, Eurostar said. The company has ...

Bloomberg Trinity Mirror Plc is buying rival Express and Star tabloids for 126.7 million pounds ($177 million), a milestone deal as Britain’s declining print media outlets seek scale to adapt to the shift of readers and advertisers online. “In a world of big global digital platforms, in a challenged industry, scale matters,” Simon Fox, chief executive officer of the publisher ...

Bloomberg Narendra Modi pledged $40 million for economic development in the Palestinian territories, marking the first-ever visit by an Indian prime minister to the West Bank. “We discussed regional and global developments that have a role in peace in the world and in the region,” Modi said on Saturday in Ramallah, where he appeared alongside Palestinian Authority President Mahmoud Abbas. ...