International News

Bloomberg Pizza, Thai or Indian? You might think British takeouts have plenty of ways to serve hungry customers poring over menus from their iPhones or laptops. They can sell direct through their own apps or websites like Domino’s Pizza Group Plc and Pizza Hut, use delivery specialists such as Amazon.com Inc., UberEats and Deliveroo, or log on to a restaurant ...

Bloomberg Though the downfall of the man heading Samsung Group, South Korea’s most powerful conglomerate, may seem an ominous omen for the country’s family-run business empires, the jailing of billionaire Lee Jae-Yong could end up offering some relief to chaebol dynasties. That’s because Lee, who on Friday received one of the harshest sentences ever handed to a chaebol leader, could ...

Bloomberg Nearly 10 months after India’s unprecedented ban on high value notes that was designed to tackle entrenched corruption, bribery continues to oil the wheels of business in Asia’s third-largest economy, according to a US risk management firm that advises foreign investors. Gifting of land, houses, luxury watches and sponsoring expensive travel abroad are now the preferred bribes as tax ...

Bloomberg The world’s first diamond futures exchange begins trading in India on Monday, enabling companies in the largest producer of the cut and polished gems to better hedge price risks. “Indian manufacturers most require this type of financial product,” said Sanjit Prasad, managing director of the Indian Commodity Exchange Ltd. India carries the price risk of holding huge inventories of ...

­­­­­­­­­­­Bloomberg The UK’s opposition Labour Party wants Britain to stay in the European Union’s single market for an extended period after it leaves the bloc, a shift in its position that could undermine PM Theresa May’s efforts to deliver her vision of Brexit. The proposal, which would mean no additional customs or migration controls in March 2019, would allow more ...

Bloomberg Germany’s back and forth over potential bans for diesel cars in cities is sapping demand for the vehicles and causing a backlog of used models on dealer lots that’s swelled to some $5.3 billion. A deal earlier this month between Germany and Volkswagen AG, Daimler AG and BMW AG to upgrade 5 million newer diesel cars and offer trade-in ...

Bloomberg Texas farmers are assessing damage caused by Hurricane Harvey after it slammed into the coast, knocking over grain storage tanks and damaging cotton crops. At least 100 cotton storage modules —capable of holding 13 to 15 bales —blew away in the Gregory area, said farmer Jeff McKamey, who owns a cotton gin that suffered minor damage when part of ...

Bloomberg Rocket Internet SE-backed e-commerce coupon business Global Savings Group became profitable for the first time, a boon for the Berlin-based startup factory that’s been under pressure to prove it can turn its units into money-making machines. Global Savings, about 40 percent owned by Rocket, said its gross merchandise value, a measure for sales it generates for retailers, about doubled ...

Bloomberg Volkswagen AG operated a top-secret site at its sprawling headquarters to test the diesel technology at the heart of the emissions-cheating scandal, reflecting the lengths those involved went to conceal their actions, people familiar with the matter said. Some engineers used the research facility in Wolfsburg, Germany, to upload the software that manipulated regulatory emissions checks, one of the ...

Bloomberg Neuralink Corp., the startup co-founded by billionaire Elon Musk, has taken steps to sell $100 million in stock to fund the development of technology that connects human brains with computers. The San Francisco-based company has already gotten $27 million in funding, according to a filing with the US Securities and Exchange Commission. Musk said Neuralink isn’t seeking outside investors. ...