International News

Bloomberg For Dana Dwyer, an Oracle Corp. employee and mom, a full tank of gasoline at the end of her workday is something she describes with just two words: “It’s happiness.” Dwyer spends an hour each morning fighting through 20 miles of Bay Area traffic to get her child to school and herself to work. At night, “making one more ...

­­­­­­­­­­­Bloomberg At a crucial time when Uber Technologies Inc. is looking to fill a leadership void, repair a foul corporate culture, salvage morale, fend off rivals worldwide, prove it didn’t benefit from stolen trade secrets and deal with a host of other issues, the ride-hailing company is forced to hit the pause button. Benchmark, a major shareholder, declared what is ...

Bloomberg The US may not be the best country for Britain to start its post-Brexit trade agreements with, according to Adam Marshall, director general of the British Chambers of Commerce. “I wouldn’t want to go up against them, early on, when I’m just getting on my feet again as a country going into free trade agreements,” Marshall said in an ...

Bloomberg London Mayor Sadiq Khan said he wanted to try city-wide auctions as part of an environment strategy proposed to more than double the capital’s solar energy generation capacity by 2030. The reverse auctions would be similar to the Solarize NYC model already used in New York, where multiple buyers pool together and panel sellers compete for one single contract, ...

Bloomberg SoundCloud Ltd., the popular but financially strapped digital music service, is getting a lifeline from new investors who have agreed to pump $170 million into the company. The new investment keeps the Berlin-based company alive but comes with strings attached. SoundCloud Chief Executive Officer Alex Ljung is being replaced by Kerry Trainor, the former head of the online video ...

Bloomberg Snap Inc.’s growth again fell short of estimates, feeding fears that aggressive competition from Facebook Inc. is blunting the younger social-media company’s potential just months after its IPO. The Los Angeles-based company said daily active users reached 173 million in the second quarter, compared with 166 million in the prior period. Analysts polled by Bloomberg had expected 175 million ...

Bloomberg India warned that fiscal slippages could be a drag on Asia’s third-largest economy in the year to March 2018, but pledged to meet its budget deficit targets as it sought to reassure investors and global rating companies. The mid-year survey of the economy released by Prime Minister Narendra Modi’s chief economic adviser, Arvind Subramanian, also called for interest rates ...

Bloomberg Facebook Inc. has found a new way to enter China: secretly launching an app under a different name. The photo-sharing app, called Colorful Balloons, was released in May to help Facebook enter a market that it’s been blocked from since 2009, according to a person familiar with the matter. Facebook has said its goal of connecting the world wouldn’t ...

Bloomberg Singapore’s economy posted faster growth in the second quarter than previously estimated by the government as a recovery in global trade helped to buoy manufacturing. Highlights of GDP report Gross domestic product rose a seasonally-adjusted and annualised 2.2 percent in the second quarter from the previous three months, the Ministry of Trade and Industry said. As one of Asia’s ...

Bloomberg Tata Steel Ltd. and the trustee of the British Steel Pension Scheme have agreed to terms to separate the plan from the Indian steelmaker’s UK unit, eliminating the last hurdle for it to proceed with a strategy to place European operations into a joint venture. The Mumbai-based company has signed the regulated apportionment arrangement with the pension trustee and ...