News

Bloomberg In a meeting that was unthinkable 19 months ago, South Korea’s president will this week introduce the head of the country’s biggest conglomerate to North Korean leader Kim Jong-un in Pyongyang. The parley caps a remarkable period for Lee Jae-yong, vice chairman of Samsung Electronics Co., who since the start of 2017 has been arrested, tried and jailed before ...

Bloomberg India again deferred the imposition of retaliatory tariffs on some US imports, signaling its readiness to find a solution to avert a trade war in contrast to the path China has taken. The tariff plan has been deferred to November 2, according to a notification from the finance ministry. New Delhi had previously planned to levy higher tariffs effective ...

Bloomberg WuXi AppTec Co., the Chinese contract medical researcher, has submitted an application for a Hong Kong share sale, according to people with knowledge of the matter. The offering could raise more than $1 billion, the people said, asking not to be identified because the information is private. The Shanghai-listed shares of WuXi AppTec have nearly quadrupled since they began ...

Bloomberg Huatai Securities Co., China’s third-largest brokerage by market value, and Bluestar Adisseo Co. are among Chinese companies considering UK listings as authorities prepare a trading link between the two countries, people familiar with the matter said. Huatai, which has a market capitalisation of about $16 billion, has asked investment banks to pitch for a role on a potential sale ...

Bloomberg It would be a “serious mistake” for US President Donald Trump to try to force China to make concessions in the face of high tariffs, according to an editorial in China’s state-run English-language newspaper. “Underestimating China’s resolve to safeguard its legitimate interests, the United States will find its protectionist measures backfiring to harm its own industries and the American ...

Bloomberg Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp. are about to do what many carmakers have been trying to avoid: let Google into the dashboard. The French-Japanese auto alliance announced a technology partnership that will make its vehicles among the first to use Google’s Android operating system in the dashboard, letting Alphabet Inc.’s software control mapping and navigation, ...

Bloomberg One of the biggest legal battles in the technology industry may be entering its final stages. Qualcomm Inc. Chief Executive Officer Steve Mollenkopf said a bitter standoff between the chip maker and Apple Inc. is entering a period when both sides have an increasing incentive to settle. In coming months, the companies will be forced to make their case ...

Bloomberg Germany’s beleaguered car industry faces another regulatory tangle, as the European Union opened a probe into Volkswagen AG, Daimler AG and BMW AG over suspected collusion that could have delayed clean-emissions technology for cars. The investigation, which could lead to heavy fines, focusses on technical talks to develop selective catalytic reduction systems to reduce nitrogen-oxides emissions from diesel cars ...

Bloomberg The European Union outlined ways to bolster the World Trade Organization in a bid to keep US President Donald Trump committed to the global commercial order that America helped shape after World War II. EU Trade Commissioner Cecilia Malmstrom presented a “concept paper” aimed at strengthening WTO rules against trade-distorting subsidies, averting a deadlock in the dispute-settlement system of ...

Bloomberg President Donald Trump’s decision to impose tariffs on an additional $200 billion of imports from China drags the biggest part of the US economy into the thick of the trade war, threatening to deliver a more direct hit to growth. The 10 percent tariffs announced on Monday — which take effect from September 24 and will rise to 25 ...