International News

Uber ‘alibi’ ruled too confusing for Waymo

Bloomberg Uber Technologies Inc. lost one of its best alibis for why its former self-driving engineer downloaded files that Waymo claims are stolen trade secrets. But the company did get a pair of earrings to use in a trial against the Alphabet Inc. unit next month. As the two companies formulate arguments for a trial starting October 10, US District ...

Read More »

Amazon’s first NFL game draws 372,000

Bloomberg Amazon.com Inc.’s first National Football League broadcast drew 372,000 viewers who watched the game an average of 55 minutes on the internet giant’s Prime Video service—a small part of the overall audience for Thursday’s game. About 1.6 million viewers at least initiated a stream of the Green Bay Packers’ 35-14 victory over the Chicago Bears, the NFL’s oldest rivalry. ...

Read More »

Big Ben tower repair costs doubled to $82 mn

Bloomberg The cost of repairing Big Ben, the iconic clock tower of Britain’s Parliament, doubled following a detailed analysis by surveyors. Repairs to the Elizabeth Tower, as the tower is properly known, will cost $82 million, up from an original estimate of 29 million pounds, the House of Commons said on Friday in an emailed statement. The name “Big Ben” ...

Read More »

After winning Trump’s ear, Boeing achieves trade victory

Bloomberg Boeing Co. is making the best of its unlikely rapport with President Donald Trump. The planemaker’s latest victory came when the Trump administration slapped far larger duties on a competing Bombardier Inc. jet than Boeing had requested in a trade spat with its Canadian rival. There’s also been good news for the company’s defense division as the Pentagon acquired ...

Read More »

Croatia to join Euro-area queue by 2020

Bloomberg Croatia bucked the trend of eastern European Union countries putting off their commitments to adopt the euro by setting 2020 as a target date to join ERM-2, the waiting room for the common currency. The newest EU member plans to join the exchange-rate mechanism, where all new euro members must remain for two years to show currency stability, and ...

Read More »

Kalanick names two directors without consulting Uber board

Bloomberg Former Uber Technologies Inc. Chief Executive Officer Travis Kalanick named two new directors without consulting the company’s new leader or other existing board members, ratcheting up a Machiavellian battle for control of the world’s most valuable startup. Kalanick said in an announcement that he had appointed Ursula Burns, Xerox Corp.’s former CEO, and John Thain, the ex-Merrill Lynch chief, ...

Read More »

Google to probe Russia meddling in ‘US election’

Bloomberg Alphabet Inc.’s Google has begun an internal probe on whether Russia-linked actors used its advertising and services to influence last year’s US presidential election, according to a person familiar with the matter. Facebook Inc. and Twitter Inc. have both disclosed political ad spending and accounts affiliated with Russia, and Facebook is sharing its findings with Google, this person said. ...

Read More »

Adidas expects just $401mn from basketball products

Bloomberg Adidas AG’s mission to expand its basketball footprint in North America hasn’t made a major difference so far. That may now be a comfort to the German athletic-goods company as one of its executives is embroiled in a US college-basketball bribery investigation. Adidas expects to generate just $401 million from basketball products worldwide this year, the company said in ...

Read More »

VW withdraws Ducati sale amid unions’ protest

Bloomberg Volkswagen AG halted the possible sale of its Ducati motorcycle unit amid persistent opposition from its powerful labor groups, according to an Italian union leader. “Ducati’s CEO told workers that the VW supervisory board decided to halt the sale process,” Bruno Papignani, regional head of FIOM CIGL union, said. “IG Metall sustained and helped Ducati workers in their request ...

Read More »

Tata Motors wins India contract to supply 10,000 electric cars

Bloomberg Tata Motors Ltd. won an India government order for 10,000 electric cars as the country makes efforts to reduce emissions and curb fuel imports. The maker of high-end Jaguar and Land Rover models and the Nano small car will initially supply 500 vehicles to government-backed Energy Efficiency Services Ltd. in November, with the remaining 9,500 autos to be delivered ...

Read More »
Send this to a friend