International News

Google, Facebook lobby group asks for clearer ad disclosure laws

Bloomberg The Internet Association, a Washington-based group with members that include Alphabet Inc.’s Google, Facebook Inc. and Twitter Inc., is advising lawmakers to clarify the responsibility of advertising platforms ahead of the companies’ testimony to Congress on the extent of Russian influence on their networks. The lobbying group wrote a series of principles, suggesting that the Federal Election Commission should ...

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Ghost town of Cobalt gets first jolt from Tesla’s electric cars

Bloomberg Ironically, Cobalt, Ontario—population 1,100—was built on silver. Remnants of a boom that transformed the town more than a century ago are everywhere. A mine headframe still protrudes from the roof of the bookstore, which was previously a grocery. The butcher used to toss unwanted bones down an abandoned 350-foot shaft in the middle of the shop floor and keep ...

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Toyota explores airless tires to build lighter electric vehicles

Bloomberg Toyota Motor Corp. is eyeing airless tires to help reduce the weight of battery-electric and fuel-cell vehicles and boost performance, even though the technology is years away from being ready for commercial use. The automaker is using airless tires—featuring individual motors in each wheel—on a vehicle for the first time with its hydrogen-powered concept car, Fine-Comfort Ride, unveiled at ...

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Didi in talks with Daiichi Koutsu for Japan rollout

Bloomberg China’s Didi Chuxing is in talks with Japanese taxi operator Daiichi Koutsu Sangyo Co. to provide ride-hailing services for Chinese tourists visiting Japan, according to a person familiar with the matter. The service is expected to launch this spring and will allow visitors from the mainland to use Didi’s app to summon and pay for Daiichi Koutsu’s taxis operating ...

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PUBG video game could be banned in China

Bloomberg The world’s hottest video game is set to be locked out of the biggest market. PlayerUnknown’s Battlegrounds—where competitors fight to be the last one alive—is too violent, according to an announcement posted by the China Audio-Video and Digital Publishing Association. The gladiator-like mentality of the computer game deviates from the values of socialism and is deemed harmful to young ...

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US mall owners to reclaim retail wasteland with public money

Bloomberg At the Brookfield Square mall in Wisconsin, the landlord, CBL & Associates Properties Inc., needed a new occupant for a fading Sears. CBL had been tinkering with the mix for the past few years. Earlier, in 2008, it completed a 20,000-square-foot expansion, adding grocery stores and restaurants and renovating the interior. In the end, it found its tenant: the ...

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New rail link corridor for Asia, Europe opens

Bloomberg Azerbaijan is opening a long-delayed railway intended to cut transport times for goods between Asia and Europe. President Ilham Aliyev is due to host Turkish counterpart Recep Tayyip Erdogan and Georgian leader Giorgi Margvelashvili at a ceremony on Monday for the departure of the first train from the Caspian Sea port of Alat, south of the Azeri capital, Baku. ...

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Suppliers rally on strong iPhone X demand

Bloomberg Apple Inc.’s biggest suppliers from Taiwan Semiconductor Manufacturing Co. to Hon Hai Precision Industry Co. climbed on Monday after delivery times for the iPhone X stretched to as much as six weeks in the US, underscoring demand for the marquee smartphone. Shares in Hon Hai, the main assembler of Apple devices, climbed as much as 3.6 percent in Taipei. ...

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Dealmakers still like UK best despite Brexit, says EY survey

Bloomberg If Brexit is bad for British business, global dealmakers aren’t paying attention. The UK is still their favourite place in Europe to invest, according to a survey by Ernst & Young LLP. Business executives from around the world ranked Britain third behind the United States and China as the top investment destination, ahead of Germany and France, the New ...

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Facebook stumbles with early effort to stamp out fake news

Bloomberg Facebook Inc.’s strategy to stamp out fake news is struggling. The company outsources the process to third-party fact checkers who can only tackle a small fraction of the bogus news that floods the social network, according to interviews with people involved in the process. And screenshots obtained by Bloomberg reveal a process that some partners say is too cumbersome ...

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