International News

Bloomberg At a glass-wrapped industrial estate in London north of the River Thames, Brexit is giving global broadcasters a headache. From a screen-packed, server-filled studio, Discovery Communications Inc.—home of channels including Animal Planet and Eurosport—transmits more than 120 TV feeds into Europe. Across the road, Walt Disney Co. licenses foreign language versions of its popular kids channels beamed to the ...

Bloomberg Canada’s biggest builder is keeping its focus at home even as US President Donald Trump pledges to ramp up infrastructure spending next door. SNC-Lavalin Group Inc. is bidding on projects such as light-rail lines in Ottawa and Toronto and a $4.7 billion rapid-transit system for Montreal, as Prime Minister Justin Trudeau follows through on a pledge to invest C$120 ...

Bloomberg Volkswagen AG is offering as much as 10,000 euros ($11,800) to drivers in Germany willing to trade in older diesel cars for a newer auto, intensifying a push to get aging vehicles off the road as the company’s emissions scandal evolves into an industrywide crackdown. The namesake VW brand will give back 2,000 euros to buyers of a new ...

Bloomberg As Toyota Motor Corp. and Mazda Motor Corp. begin to scour the US for where to put the first auto assembly plant announced under US President Donald Trump, one state looks like a frontrunner: Mississippi. The Magnolia State already is home to a Corolla factory that’s been producing the compact car for almost six years. Toyota and Mazda plan ...

Bloomberg Chinese acquirers will spend $1.5 trillion buying companies and investing overseas in the next decade, 70 percent more than the previous 10 years, even as regulators at home and abroad block deals, Linklaters LLP said in a report on Tuesday. Government policies encouraging Chinese companies to invest in manufacturing capabilities, particularly for advanced technology, and international trade will help ...

Bloomberg The controversial H-1B visa programme, widely criticised for costing American workers their jobs, has actually provided economic benefits for both the US and India, according to a new study from researchers at the Center for Global Development and the University of Michigan. The combined incomes for the two countries as a result of the US visa programme rose by ...

Bloomberg TNG FinTech Group Inc., a Hong Kong-based digital wallet operator founded in 2013, is poised to close a funding round and is targeting a valuation of about $500 million, according to a person familiar with the matter. The firm has attracted almost $60 million in the series. A round from investors including a Beijing-based private equity fund, said the ...

Bloomberg State-owned Export-Import Bank of India sold its first dollar bond in Taiwan’s Formosa debt market, joining Korea’s Kookmin Bank and Europe’s ABN Amro Bank NV so far this year to tap local investors demand for floating-rate debt that offers protection to buyers. Overseas issuers have been able to obtain “some pricing advantages from Formosa floaters compared to the global ...

Bloomberg Country Garden Holdings Co. said it’s looking to attract customers from countries such as Thailand and Vietnam as some Chinese buyers hit by capital controls have pulled back from the $100 billion Forest City project in southern Malaysia. China’s escalating crackdown on capital outflows this year has spooked buyers seeking to invest in property abroad, with some reconsidering past ...

Bloomberg WeWork Cos., the world’s largest provider of shared work spaces, will invest $500 million in Southeast Asia and South Korea, as the New York-based company steps up its expansion plans in global markets. As part of the effort, WeWork will acquire Spacemob, a Singapore-based co-working startup founded in early 2016 by entrepreneur Turochas “T” Fuad and backed by Vertex ...