International News

Bloomberg Hindalco Industries Ltd., controlled by Indian billionaire Kumar Mangalam Birla, reported a drop in second-quarter profit, missing analysts’ estimates, after a one-time loss partly eroded the benefits of a surge in global metals prices. Net income was 3.93 billion rupees ($60 million) in the three months to September 30, from 4.4 billion rupees a year earlier, India’s biggest aluminum ...

Bloomberg SoftBank Group Corp.’s talks to merge US unit Sprint Corp. with T-Mobile US Inc. ended after months of negotiations, dashing investors’ hopes for a wireless megamerger and signalling that unlimited data plans and heavy price discounting among US carriers will continue. SoftBank Chief Executive Officer Masayoshi Son and Tim Hoettges, CEO of T-Mobile parent Deutsche Telekom AG, couldn’t resolve ...

Bloomberg Waymo’s bid to recover $1.86 billion in a trade secrets case against Uber Technologies is in jeopardy as a federal judge cut the company’s damages expert from the case, one month before a trial over driverless technology.The decision leaves the Alphabet Inc. unit without an outside source to justify why it deserves that startling amount in an industry that ...

Bloomberg UK business called for an end to the “soap opera” of Brexit and a return to the spirit of national unity last seen in World War II as it pushed for certainty on Britain’s future relationship with the European Union. Confederation of British Industry President Paul Drechsler will appeal for a “single, clear strategy” in an address on Monday ...

Bloomberg US labour force participation has been having a good run, but it slipped in October— possibly as demographics exacted a toll. The participation rate had been trending up as people moved into the labour force and as workers with jobs hung onto them. Last month, however, the rate fell as 5.2 million employees dropped straight out of the labour ...

Bloomberg Diabetes devices may be having their iPhone moment. For decades, the daily routine of diabetics involved painful needles, finger-pricking lancets and imprecise glucose metres. Now, manufacturers have begun incorporating the slick and consumer-friendly designs of Silicon Valley, linking to phones and other tech devices. “This is a crossroads for diabetes technology,’’ said Raj Denhoy, an analyst at Jefferies in ...

Bloomberg In Mohit Gogia’s stationery and gift store in Noida, near India’s capital, the only decorative lights for sale ahead of last month’s festival of lights were Chinese made. “India-made lights cost twice as much,” said Gogia, as shoppers snapped up supplies for the Diwali celebration. “Customers aren’t willing to pay that.” Two-way trade statistics tell the tale. India’s deficit ...

Bloomberg Reliance Communications Ltd., the Indian mobile phone operator controlled by billionaire Anil Ambani, faces a bond coupon deadline on Monday after temporarily halting payments to lenders. The interest payment of about $9.75 million is the latest test for the debt-laden company, which has faced a series of setbacks amid a shakeout in the world’s second-largest telecom market. It announced ...

Bloomberg Chinese companies that supply Tesla Inc. fell after Elon Musk indicated his pioneering electric car firm won’t start making vehicles in the world’s largest auto market this decade. Beijing Zhongke Sanhuan High-Tech Co., which said last year that it signed a three-year agreement to supply parts to Tesla, dropped as much as 3.6 percent in Shenzhen, while Ningbo Joyson ...

­­­­­­­­­­­Bloomberg Broadcom Ltd. Chief Executive Officer Hock Tan is contemplating an audacious $100 billion bid for Qualcomm Inc., people familiar with the matter said, using what would be the largest technology takeover to build a powerhouse that dominates the market for wireless chips. An offer of about $70 a share would include cash and stock and is likely to be ...