International News

Bloomberg Cisco Systems Inc., the biggest maker of computer networking equipment, said it will cut about 310 jobs at its headquarters in San Jose, California. Cisco is trying to shift from a reliance on revenue from high-cost proprietary equipment, which some customers are turning away from, to software and services. The company has more than 73,000 employees, according Bloomberg data. ...

Bloomberg Twitter Inc., struggling to attract new users, will lift its 140-character limit on tweets in an experiment with a small group that may expand to the entire social media platform. The test will let users send tweets with as many as 280 characters. Lengthening the character limit may result in more engaging conversation on the platform, helping its bid ...

Bloomberg One year after designer Maria Grazia Chiuri showed her first collection for Christian Dior Couture, Chief Executive Officer Sidney Toledano says customers are responding to her creative changes. Chiuri, who was formerly co-creative director of closely-held Valentino SpA, is the first woman to lead Dior since it was founded in 1946. “She is totally excited—obsessed—to understand what is the ...

Bloomberg Baidu Inc.’s iQiyi is targeting a US initial public offering as soon as in 2018 that could value China’s most popular Netflix-style streaming video service at more than $8 billion, two people familiar with the matter say. The company controlled by search giant Baidu is about to kick off negotiations with banks and deal arrangers and is shooting for ...

Bloomberg India’s Prime Minister Narendra Modi unveiled a 163.2 billion-rupees ($2.5 billion) programme to ensure electricity for all households. The programme will help poor people get electricity connections at no cost, Modi said in a speech in New Delhi on Monday, adding that his government is making efforts to provide power to about 3,000 unelectrified villages. The nation will aim ...

Bloomberg India’s top iron ore miner NMDC Ltd. is looking to sell a stake of at least 49 percent in its Chhattisgarh steel plant, as it prepares to begin production at the 3-million-ton facility in three to six months, according to a company official. The state-run miner is seeking a partner for its first steel venture, which has been eight ...

Bloomberg Alibaba Group Holding Ltd. will buy control of unprofitable delivery business Cainiao for 5.3 billion yuan ($800 million) and spend billions of dollars more to expand a shipping network that spans the world’s largest e-commerce market. China’s largest web marketplace agreed to increase its stake in Cainiao Smart Logistics Network Ltd. to 51 percent. Under the deal, Alibaba plans ...

Bloomberg Jaguar Land Rover, the luxury unit of Tata Motors Ltd., is scouting for acquisitions of international automakers amid rising competition in the industry, people with knowledge of the matter said. The company has been holding internal discussions on buying other brands to diversify the range of vehicles it sells, the people said. It will consider purchases of luxury marques ...

Bloomberg Hong Kong and Malaysia are proving to be the biggest growth surprises in Asia. The two nations received the largest upgrades for this year among major economies in the Asian Development Bank’s latest outlook released on Tuesday. Meanwhile, India received the steepest downgrade. The global trade recovery is helping boost exports in Hong Kong and Malaysia while demonetisation and ...

Bloomberg Nestle SA may buy or sell businesses with combined sales of almost 10 billion francs ($10 billion) as Chief Executive Officer Mark Schneider embarks on the biggest overhaul of the world’s largest food company in at least a decade. Selective acquisitions and divestments could affect about 10 percent of total revenue, Schneider told investors as he unveiled his new ...