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Bloomberg China’s crackdown on illegal meat imports has left India, one of the biggest exporters of buffalo meat, scrambling for a new buyer. China has adopted stricter border controls due to African swine fever, meaning Indian buffalo meat exports into China that usually flow through Vietnam has all but stopped. Indian exporters are now hoping Indonesia can more than triple ...

Bloomberg Indian telecom operator Reliance Communications Ltd will lose control of its undersea cable unit GCX Ltd after a Delaware Court approved a creditor-supported Chapter 11 plan for the subsidiary, in a setback to its own closely-watched bankruptcy process. The plan that got the nod this week will grant ownership of GCX to its own creditors in exchange for a ...

Bloomberg Japan is planning to restart operations at Japan Investment Corp and will seek a budget of about 100 billion yen ($921 million) for the public-private fund, Nikkei reported. The budget for JIC, which stopped activity in late 2018 because of a rift between the fund and the government over salaries, could come from Japan’s fiscal investment and loan program, ...

Bloomberg China Railway Construction Corp deployed thousands of workers over four years to build part of a coal-carrying line from Inner Mongolia to Jiangxi province — about the same distance as midtown Manhattan to Walt Disney World Resort in Florida. The project cost about 200 billion yuan ($28 billion) in total and was heralded by state media in 2018 as ...

Bloomberg Samsung Electronics Co’s response to Apple Inc’s much-improved iPhone 11 cameras is going to be a giant photographic arsenal strapped to the back of its 2020 flagship phones. The Korean company is preparing the biggest overhaul to the cameras on its flagship phones for next year, according to people familiar with the company’s plans. Its upcoming Galaxy S11 will ...

Bloomberg Nissan Motor Co ordered a furlough of employees for two days at the beginning of January, the latest cost-cutting move as US sales continue to slide. Nissan North America is closing US offices on January 2 and 3 to “optimise business performance and competitiveness,” the company said in an emailed statement. In a memo to employees, North America Chairman ...

Bloomberg Democratic Representative Alexandria Ocasio-Cortez and presidential candidate Bernie Sanders are taking a victory lap after Amazon.com Inc and other technology giants leased millions of square feet of office space in New York City — without the billions of dollars in government support that Amazon tried to negotiate earlier this year. Amazon signed a leasefor 335,000 square feet in the ...

Bloomberg Apple Inc is taking delivery this month of the first batch of carbon-free aluminum produced by a Montreal-based venture, helping move the iPhone maker closer to its greenhouse-gas reduction goal. Elysis, a joint venture between Rio Tinto Group and Alcoa Corp backed by Apple, uses new technology that emits pure oxygen when producing aluminum. Apple has said in an ...

Bloomberg A unit of Ericsson AB pleaded guilty to foreign bribery and the parent company agreed to pay more than $1 billion to resolve a long-running US corruption investigation involving payoffs in Asia and the Middle East. The Stockholm-based company admitted to a years-long campaign of corruption aimed at solidifying its grip on the telecommunications business, US Attorney Geoffrey S ...

Bloomberg The people of Hastings on England’s south coast know a thing or two about staging a battle. The decisive defeat to Norman invaders in 1066 is one of the most notorious events in British history. More recently, the seaside town has seen conflict as the country tears itself apart over membership of the European Union. The last election two ...