News

Bloomberg Hon Hai Precision Industry Co., the biggest assembler of iPhones, reported better-than-projected earnings after snagging additional business from Chinese smartphone giant Huawei Technologies Co. The company reported a 2.5% decline in net income to NT$17.1 billion, compared with the average analyst estimate of NT$16.3 billion. Revenue for the April-June period reached NT$1.16 trillion, according to Bloomberg calculations from previous ...

Bloomberg The European Union (EU) imposed tariffs on biodiesel from Indonesia to counter alleged subsidies to producers in the country, risking tit-for-tat retaliation by the Indonesian government. The EU duties on Indonesian exporters of biodiesel, a type of biofuel made from vegetable oils and animal fats for use in diesel engines, range from 8% to 18%. The levies mark the ...

Bloomberg Australia is pushing back against calls from Pacific Island leaders to ditch its commitment to coal mining to help combat climate change, saying its neighbours need to respect the country’s reliance on the industry. The world’s second-biggest coal exporter is increasingly a flash point in the battle against carbon emissions after Prime Minister Scott Morrison’s government was reelected in ...

Bloomberg Chinese officials are sticking to their plan to visit Washington in September for face-to-face trade meetings, people familiar with the matter said, signaling that talks remain on track for now despite an abrupt escalation in tariff threats this month. The US on Tuesday delayed the imposition of some new tariffs after top negotiators spoke on phone, with President Trump ...

Bloomberg Germany’s economy shrank in the second quarter, ramping up pressure on Chancellor Angela Merkel to unleash fiscal stimulus as manufacturers reel from a US-China trade war. The latest report, paired with a protracted slump in business expectations, raises the risk that Europe’s largest economy is on the verge of falling into a recession. It would be the first in ...

Bloomberg A plan to build the world’s longest undersea rail tunnel has hit its first snag. Financing of 15 billion euros ($16.8 billion) was agreed this year for the tunnel to link Finland and Estonia. But the Baltic nation of 1.3 million people wants more details on that funding, the business plan behind the idea and Finland’s role before giving ...

Bloomberg UK wages rose at their fastest pace in 11 years in three months through June and employment climbed to a record high. The stronger-than-forecast figures from the Office for National Statistics suggest the labour market remains tight, meaning the Bank of England is unlikely to join the global rate-cutting trend, at least for now. However, unemployment rate rose as ...

Bloomberg American farmers already stung by President Donald Trump’s trade wars now face billions of dollars in potential losses as controversial data from the US government snuffs out a rally in corn. The Agriculture Department said farmers planted a bigger corn area than analysts estimated and pegged crop yields that also exceeded expectations, sparking the biggest rout in futures since ...

Bloomberg Facebook Inc. (FB) has been paying hundreds of outside contractors to transcribe clips of audio from users of its services, according to people with knowledge of the work. The work has rattled the contract employees, who are not told where the audio was recorded or how it was obtained — only to transcribe it, said the people, who requested anonymity ...

Bloomberg If you want to know what a large set of data points feels like, try carrying 500 tulips through the streets of the Netherlands. This was the life of 34-year-old British artist Anna Ridler, when she set out to build with her own two hands the most extensive dataset of tulips possible. While it sounds scientific, the project was ...