International News

Bloomberg The long-running trade dispute over softwood lumber may be nearing an end, with Canada indicating it wants to settle the issue with the US before the renegotiation of the North American Free Trade Agreement begins later this year. “We’re going to continue to work very hard towards that,” Canadian Prime Minister Justin Trudeau said to reporters in Providence, Rhode ...

Bloomberg European car demand rose at a slower pace in June as fewer selling days in Germany and Brexit-related concerns in the UK weighed on a peaking vehicle market. Industrywide registrations increased 2.1 percent from a year earlier to 1.54 million vehicles last month, with Toyota and Fiat models posting the biggest gains, the European Automobile Manufacturers’ Association, or ACEA, ...

Bloomberg Daimler AG said it will push back against allegations that it manipulated emissions in its Mercedes-Benz engines, as a German government pr-obe into the luxury-car ma-ker deepens. “We would employ all legal means” to defend against any accusation by the Federal Transport Motor Authority of an illegal defeat device in Mercedes-Benz cars, the company said in an emailed statement. ...

Bloomberg China’s clampdown on the use of virtual private networks to circumvent the country’s internet controls risks disrupting businesses that depend on them for cloud services and data security. Besides using virtual private networks to gain access to websites like Facebook and Google blocked by China’s regulators, companies use VPNs to ensure speed and efficiency as they migrate more services ...

Bloomberg Global demand for new smartphone models is driving Taiwan’s trade surplus and corporate revenues to record highs, underlining the strength of Asian trade even in the face of geopolitical jitters and rumors of protectionism. As a result, Taiwanese companies are posting record sales, a development they owe largely to an upswing in the global electronics industry. As Apple Inc. ...

Bloomberg Gold imports by India, the world’s second-biggest user, more than doubled in June from a year earlier amid a rush by jewelers to build up inventories ahead of a tax change. Inbound shipments surged to 72 metric tons last month from 31.8 tons a year earlier, according to a person familiar with provisional data from the finance ministry, who ...

Bloomberg Uber Technologies Inc. tried to assuage investors’ concerns that a series of scandals were taking a toll on the business. It told them to expect improved bookings, narrower losses and a possible settlement with Alphabet Inc. that could resolve one of the company’s biggest legal hurdles. On a conference call with investors, Uber executives said gross bookings increased more ...

Bloomberg ­­More than 300 wildfires in British Columbia have forced Canadian lumber mills and an Enbridge Inc. natural gas compressor station to shut as hot, dry weather fans blazes across swaths of west Canada and US. Enbridge said that it has closed a compressor station on its T-South pipeline, which carries natural gas from northern B.C. to the US border. ...

Bloomberg As automakers in the US struggle to keep selling new cars to American consumers at a record clip, Toyota Motor Corp. plans to turn to rental car companies and other fleet operators for a boost. Toyota will nearly match last year’s total sales to fleet customers, which means the company has some catching up to do. Deliveries to rental ...

Bloomberg Poland’s parliament started debate on legislation to raise the tax on petrol, reversing on an election promise even after producing a reported budget surplus in the first half. The ruling party proposed the tariff to provide as much as 5 billion zloty ($1.3 billion) a year to the budget, according to parliament’s website. Law & Justice, which vowed not ...