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Bloomberg A red-hot economy, business-friendly policies and a Communist party led by free-traders: that’s the elevator pitch Vietnamese Prime Minister Nguyen Xuan Phuc is delivering to global investors amid the US-China trade war. “We are ready to grab the opportunity,” Phuc said in an interview with Bloomberg TV’s Haslinda Amin, a few days before departing this week to the World ...

Bloomberg The French government is proposing to integrate Renault SA and Nissan Motor Co in a structure that would probably put the two carmakers under a single holding company, Nikkei reported. A delegation including Martin Vial, a Renault director designated by the French government, visited Japanese officials in Tokyo to discuss the plans, Nikkei reported, without saying where it got ...

Bloomberg One of Canada’s largest phone companies is standing by its partnership with Huawei Technologies Co, the Chinese firm at the center of rising diplomatic tensions between Beijing and Ottawa. Telus Corp sent a memo to employees last week, sticking by its work with Huawei, the Globe and Mail newspaper reported. The memo was signed by Eros Spadotto, executive vice ...

Bloomberg Malaysia’s new strategy to combat drugs will focus on health and social support for users rather than enforcing criminal laws. The Cabinet task force to address the drug problem met and is of the opinion that Malaysia’s Dangerous Drugs Act 1952 needs to be reviewed and that drug use should be viewed as a social health issue, Liew Vui ...

Bloomberg Sun Pharmaceutical Industries Ltd plunged to its lowest point in almost six years after a media report that a new whistle-blower complaint alleging corporate governance lapses has been sent to India’s market regulator. Shares of the nation’s largest drugmaker slipped 8.4 percent to close at 390.75 rupees a share — the lowest level since March 2013. Sun Pharma was ...

Bloomberg Business owners — and their accountants — can rest a bit easier: the IRS has given them the long-anticipated final word on how they can claim one of the biggest perks in the 2017 Republican tax overhaul. The regulations detailing the new 20 percent deduction for pass-through business owners are of critical importance to the operators of such entities, ...

Bloomberg Italy’s communications regulator Agcom rejected Telecom Italia SpA’s landline network separation plan, saying it wouldn’t be a boost to competition in the domestic phone market, according to a document seen by Bloomberg. The plan, proposed last year by former Chief Executive Officer Amos Genish, would let the country’s largest phone company to continue “enjoying a significant competitive advantage with ...

Bloomberg The battle between Tesla Inc and General Motors Co for the most valuable US carmaker is heating up. After Tesla followed in the footsteps of the legacy automakers and announced a plan to cut jobs, shares of the electric vehicle maker dropped as much as 10 percent in New York, bringing its market capitalisation to just $54.2 billion. GM, ...

Bloomberg Google agreed to acquire smartwatch technology and personnel from Fossil Group Inc in a bid to boost the search giant’s nascent efforts in the category. The Alphabet Inc unit will pay $40 million for Fossil intellectual property, according to a statement from the companies. Additionally, an unspecified number of Fossil’s research and development employees will join Google. Fossil said ...

Bloomberg Two electric scooter startups, fresh off raising hundreds of millions of dollars last year, are now raising hundreds of millions more, according to multiple people familiar with the details. But the latest hard-fought deal terms for Lime and Bird Rides Inc. both peg the companies’ worth at far less than the lofty valuations the startups once sought. New funding ...