News

Bloomberg Makan Delrahim, the US Justice Department’s antitrust chief, is trying to shape a deal combining T-Mobile US Inc and Sprint Corp that he can pitch as a win for consumers. Here’s how he may do it. If the $26.5 billion deal is approved, it’s likely to include conditions that give satellite TV provider Dish Network Corp enough airwaves, prepaid ...

Bloomberg Telenor ASA, Norway’s state owned carrier and biggest operator in the Nordic region, slid as much as 4.4 percent after its earnings dropped in the second quarter and it cut its full-year outlook amid increased competition in its key markets. The company posted earnings before interest depreciation and amortisation of 11.1 billion kroner ($1.3 billion), missing an estimate of ...

Bloomberg Amazon.com Inc is to be investigated by the European Union as the bloc’s antitrust chief Margrethe Vestager prepares for a summer finale to her five-year crackdown on US technology giants. The Dane, who heads the EU’s competition division, is poised to open a formal investigation into Amazon within days, according to two people familiar with the case, who asked ...

Bloomberg UK wages grew at the fastest pace in 11 years in the three months through May and unemployment remained at its lowest rate since the mid-1970s. Average earnings excluding bonuses rose 3.6 percent, the Office for National Statistics said on Tuesday. The number of people in work rose 28,000 to a record high, leaving the jobless rate at a ...

Bloomberg Jaguar Land Rover Automotive Plc won a 500 million-pound ($626 million) loan guarantee from the UK government, just over a week after announcing a new range of electrified cars will be made at a plant in central England. The guarantee to JLR by the UK Export Finance agency was granted to support the design, manufacture and export of electric ...

Bloomberg Nissan Motor Co unveiled a new version of its Skyline sports sedan, adding the carmaker’s most advanced autonomous driving technology, as well as design elements shared with models like the GT-R sports coupe. The automobile, Nissan’s first major product debut in Japan since the arrest and ouster of former Chairman Carlos Ghosn, will let drivers take their hands off ...

Bloomberg A group of lenders led by State Bank of India has filed a case in the nation’s Supreme Court seeking to annul a ruling that gives almost equal rights over the country’s largest distressed steel mill’s obligations to lenders and its 1,936 vendors. Earlier this month an Indian bankruptcy court, that allowed ArcelorMittal’s $6 billion purchase of Essar Steel ...

Bloomberg China Merchants Shekou Industrial Zone Holdings Co is planning an initial public offering of a real estate investment trust in Hong Kong, the city’s first REIT listing in five years, according to people with knowledge of the matter. The company has engaged potential advisers for the share sale and aims for a listing as soon as this year, the ...

Bloomberg Japan doesn’t see a quick resumption of talks with South Korea on export restrictions for materials vital to its tech sector, as a deadline approaches for Tokyo to step up curbs on its neighbour. Economy Minister Hiroshige Seko told reporters that export controls were not a matter for international organisations. His comments came the day after South Korean President ...

Bloomberg The retailer Muji became one of Japan’s most recognisable brands by selling simple, practical items that it hopes will last for decades. It turns out, though, that “less is more” has its limits as a business strategy. After a decade of expansion that brought its minimalist emporia of modular shelving, sturdy kitchen gear and earth-tone fashions to cities from ...