International News

Bloomberg General Motors Co. plans to have its self-driving cars ready for a ride-share service within two years as the automaker looks beyond traditional car ownership for new tech-driven sources of revenue. After spending more than a year putting the pieces in place to launch a robotaxi business, GM said it expects to have a fleet of self-driving cars in ...

Bloomberg Xiaomi Corp., the Chinese smartphone maker that was once the most valuable startup in the world, is in talks with investment banks about a possible initial public offering and seeking a valuation of at least $50 billion, according to people familiar with the matter. The Beijing-based company is considering an offering as soon as next year with banks suggesting ...

Bloomberg Fiat Chrysler Automobiles revealed that it’s in talks with South Korea’s Hyundai Motor Co. about a partnership to develop hydrogen engines. The alliance, which would also cover transmissions, could become “a strong one,” Fiat Chrysler Chief Executive Officer Sergio Marchionne said. “We welcome the interest from other automakers in our advanced transmissions and hydrogen-powered technologies,” Hyundai said on Monday. ...

Bloomberg Salil Parekh overcame long odds to become Infosys Ltd.’s choice for its next chief executive officer. He now faces at least as challenging a task in getting the iconic Indian outsourcing company back on track. The low-key, 53-year-old from Capgemini SE was named to the helm of Infosys, beating out a field of internal candidates and former executives who ...

Bloomberg From iron ore to baby formula, electronic parts, China is buying everything you can think of, and that will soon make the world’s biggest exporter the top importer in the next few years. China already takes more imports that the US does from Asia, Africa, Oceania, South America and Eastern Europe, and it will likely snatch the No1 importer ...

Bloomberg A public-relations firm became the latest company to ask an Indian tribunal to place billionaire Anil Ambani-run Reliance Communications Ltd. under insolvency proceedings after the unprofitable mobile-phone operator failed to pay its dues. Fortuna Public Relations Pvt. placed its request with the Mumbai bench of National Company Law Tribunal on Monday, saying Reliance Communications owes it $67,000. The NCLT ...

Bloomberg Nissan Motor Co. is seeking compensation from India, saying the government failed to keep its end of the bargain on promised tax breaks after wooing the Japanese automaker to set up a factory in the South Asian country. The Yokohama-based carmaker has started international arbitration against the Indian government, a Nissan spokesman said. The company wants $770 million in ...

Bloomberg Indian software-outsourcing giant Infosys Ltd. named outsider Salil S Parekh as chief executive officer, ending the company’s search for a new leader after previous head Vishal Sikka quit following criticism from a group of founders, landing it in uncertainty. Parekh, a member of the executive board at Capgemini SE with degrees from the Indian Institute of Technology and Cornell ...

Bloomberg European industries from steel to solar are bracing for a new set of tariff rules that may make it harder to fend off low-cost imports from China and other foreign countries. European Union governments were due on Monday to rubber-stamp the biggest revamp of the bloc’s method for calculating duties aimed at countering below-cost—or “dumped”—imports. The move is a ...

Bloomberg Lawyers are having their own Brexit. More than a thousand UK lawyers have registered in Ireland since 2016 to make sure they can represent clients in European Union courts after the UK leaves the bloc. Figures from the Law Society of Ireland show 511 attorneys from England and Wales have registered in Ireland this year, on top of 806 ...