International News

Bloomberg Uber Technologies Inc. and Didi Chuxing are once again going head-to-head, this time in Estonia. The Chinese giant with a multi billion-dollar war chest is backing Estonia’s Taxify OU with a financial investment and support on technology developments, the companies said on Tuesday. The partnership—Didi’s first major move into Europe—will give Taxify a boost to grow in cities from ...

Bloomberg A private gauge indicates that India’s manufacturing output slid to the lowest since the financial crisis as the roll out of a new nationwide sales tax disrupted supply chains across the country. The Nikkei India Manufacturing Purchasing Managers’ Index was at 47.9 in July. A number below 50 indicates contraction. The outlook for the year ahead remains positive with ...

­­­­­­­­­­­Bloomberg Facebook Inc. is working on a video chat device for the home — the first major hardware product from its experimental Building 8 lab. Featuring a laptop-sized touchscreen, the device represents a new product category and could be announced as soon as next spring’s F8 developer conference, according to people familiar with the matter. They say the large screen ...

Bloomberg UK manufacturing growth accelerated for the first time in three months in July, bolstered by the strongest jump in export orders in seven years. A measure of factory output rose to 55.1 from a revised 54.2 in June, according to IHS Markit’s Purchasing Managers’ Index. That exceeds the advance to 54.5 forecast by economists in a Bloomberg survey and ...

Bloomberg Nineteen cities from Amsterdam to Bucharest applied to host the European Union’s drugs regulator and eight sought to be the home of the bloc’s banking authority, kicking off a four-month campaign to win agencies being forced out of London by Brexit. The list of locations wanting the European Medicines Agency also included Lille, Milan and Bonn, while Dublin, Frankfurt ...

Bloomberg Consumer spending lost momentum in June and a drop in dividend payments caused incomes to stagnate, signaling the US economy may get less help from households this quarter, Commerce Department figures showed on Tuesday. June marked a third straight month of slowing nominal spending. A weaker handoff into this quarter signals household outlays, which accounts for about 70 percent ...

Bloomberg Ferrari NV is considering adding a roomy four-seat “utility vehicle” as part of a major expansion push beyond its traditional supercar niche in a bid to double profit by 2022, people familiar with the matter said. The final five-year plan under CEO Chief Executive Officer Sergio Marchionne, who’s set to retire in 2021, will target boosting annual deliveries beyond ...

Bloomberg Britons needn’t worry that they’ll be hit by the scorching summer blazing across Spain, Italy and the Czech Republic. The UK, northern France, Germany and the Baltic States can expect a cooler-than-average August, according to five meteorologists surveyed by Bloomberg. The rest of the mainland will likely continue to be hotter than normal, with record-high temperatures seen in some ...

Bloomberg I Squared Capital agreed to pay HK$14.5 billion ($1.9 billion) in cash to buy the fixed-line assets of billionaire Li Ka-shing’s Hong Kong telecommunications business, giving the investor group control of a fiber-optic network serving corporate customers and residents. Hutchison Telecommunications Hong Kong Holdings Ltd. shares surged the most in more than six years on Monday. The company announced ...

Bloomberg Sohu.com Inc. rose the most in almost five years after its chairman said the Chinese company’s search engine subsidiary Sogou is on a “very good trajectory” as it prepares for a public listing in the US. Sohu told investors on Monday it planned to file paperwork with the US Securities and Exchange Commission for an initial public offering of ...