International News

Bloomberg India announced incentives worth $131 million as it seeks to double overseas shipments by 2020 amid slowing trade as well as help exporters tide over a chaotic roll out of the new sales tax. The increased benefits for exporters in labour-intensive businesses including textiles and farms is in addition to incentives worth 250 billion rupees already available to traders, ...

Bloomberg European Union finance ministers were expected to discuss US legislation to slash taxes at a meeting in Brussels on Tuesday and whether the new plan violates international trade rules. The centerpiece of the tax bill that passed the US Senate is a reduction in the corporate tax rate to 20 percent from 35 percent. The bill still needs to ...

Bloomberg BMW AG is targeting another ambitious hike in plug-in hybrid and battery car sales next year to defend its position in the electric-car shift as competitors like Volkswagen AG ready their own battery lineups. The planned increase to about 150,000 cars sold would represent a 50 percent rise from this year, and a jump of about two-thirds from last ...

Bloomberg The UK’s net worth increased the most on record last year, as the value of land continued to increase. The nation’s total worth was estimated at 9.8 trillion pounds ($13.2 trillion) at the end of 2016, the Office for National Statistics said on Tuesday. That’s 803 billion pounds higher than the previous year— and, at almost 9 percent, the ...

Bloomberg UK services growth slowed in November from the fastest pace in six months as price pressures intensified. The services Purchasing Managers Index fell to 53.8 from 55.6 in October, IHS Markit said on Tuesday. Economists had forecast a reading of 55.0. Input costs increased the most since 2011 and prices charged rose at the fastest clip since 2008. While ...

Bloomberg The UK’s Cineworld Group Plc agreed to buy US theatre operator Regal Entertainment Group for about $3.6 billion to expand into the biggest movie market. The $23-a-share deal comes a week after the companies confirmed news reports of takeover discussions, jolting cinema-operator stocks. The price represents a 26 percent premium to Regal’s close on November 27, the day before ...

Bloomberg CVS Health Corp. will buy Aetna Inc. for about $67.5 billion, creating a health-care giant that will have a hand in everything from insurance to the corner drugstore. CVS will pay $207 a share for Aetna, with $145 a share in cash and the rest in stock, the companies said in a statement. That’s a 29 percent premium to ...

Bloomberg Volkswagen AG’s Moia division unveiled a six-seater, battery-powered minibus to enter the market of app-based ride hailing and car-pooling, taking on the likes of Uber Technologies. The modified van will begin roaming the streets of Hamburg in the second half of next year, although Moia aims to roll out the service internationally, Ole Harms, chief executive of the division, ...

Bloomberg London and Brussels failed to clinch a long-sought breakthrough on Brexit after a series of dramatic twists that saw a tentative deal derailed by the delicate question of the Irish border. “It was not possible to reach a complete agreement today,” European Commission President Jean-Claude Juncker told reporters. Talks will resume this week and he’s confident there will be ...

Bloomberg London is the best-performing city in Europe, according to the Milken Institute. Inner London-East including the Canary Wharf financial district topped the ranking published by the Santa Monica, California-based think tank on Monday. The area beat out competition from Stockholm and Budapest, in second and third-place respectively, because of its skilled global workforce, dynamic economy and “flourishing” information and ...