International News

Bloomberg Dixons Carphone Plc surged the most in more than three years as the company’s plans to revamp its struggling mobile-phone unit won over investors. The UK electronics retailer’s shares rose as much as 8.7 percent in London after the company said it planned to reduce the capital intensity of the division, a move that suggests store closures or that ...

Bloomberg The engineers of the Jeep Wrangler had a conundrum: How do you redesign one of the most iconic SUVs on the road to survive tougher fuel economy standards without abandoning the brick-like shape that’s essential to its appeal? At first glance, the styling of the next-generation Wrangler doesn’t appear to have changed all that much. But a bend here ...

Bloomberg India’s richest man is weighing an initial public offering of mobile operator Reliance Jio Infocomm Ltd., people with knowledge of the matter said, after a $31 billion investment spree that roiled the country’s wireless market. Reliance Industries Ltd., the conglomerate backed by tycoon Mukesh Ambani, is holding internal discussions about preparing to list Jio as soon as late 2018 ...

Bloomberg Southeast Asia’s internet economy, spanning online travel to ride-hailing, will reach $50 billion this year, putting it on a solid trajectory to grow fourfold by 2025, according to a joint research report by Google and Temasek Holdings Pte. As more consumers buy airline tickets and book hotels through smartphones, the region’s online travel market expanded from $19.1 billion in ...

Bloomberg Toshiba Corp. and Western Digital Corp. have agreed in principle to settle their legal dispute over the $18 billion sale of Toshiba’s flash-memory business with a nannouncement expected within the next 24 hours, according to people familiar with the matter. The US company will drop arbitration claims in the US that were aimed at stopping Toshiba from selling the ...

Bloomberg India’s adoption of its first nationwide identification system is helping empower the country’s women and driving increased use of banking services, according to the first study of the nationwide Aadhaar programme. Virtually all homes in the western state of Rajasthan have at least one bank account, and most have several, since the introduction of the Aadhaar programme, the Center ...

Bloomberg International Trade Secretary Liam Fox said the UK would like a trading relationship with the European Union after it leaves the bloc that’s “virtually identical” to the one it has now. A trade deal similar to the current arrangements would ensure a smooth transition period, Fox said in in Buenos Aires while attending a World Trade Organization ministerial meeting. ...

Bloomberg Does the US run a trade deficit or surplus with Canada? It depends where you look. President Donald Trump asserted—again—the US runs “a pretty good trade deficit” with Canada. The claim was quickly rebuffed by Canada’s ambassador to the US, David MacNaughton, who cited American data saying the opposite was true. Canadian officials tend to use US data to ...

Bloomberg Walt Disney Co. may announce a deal as soon as this week to acquire a large piece of 21st Century Fox Inc., according to a person familiar with the matter, transferring legendary Hollywood properties to new owners. Comcast Corp., the other major contender for the Fox assets, said it’s no longer in the running. A trust belonging to Fox ...

Bloomberg UK inflation unexpectedly accelerated to the fastest in more than 5 1/2 years in November, which will force Bank of England Governor Mark Carney to explain why price growth is so far above his policy target. The 3.1 percent rate was stronger than economists had forecast and the highest since March 2012. The Office for National Statistics said that ...