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Bloomberg Even as defense ministers and military chiefs meeting in Singapore called out China for parking missiles on outposts in the disputed South China Sea, a bigger potential China-related hot spot looms. Concern about Taiwan — and recent sparring between Beijing and Washington over the democratically run island — percolated discussions at the annual IISS Shangri-La Dialogue, which was otherwise ...

Bloomberg South Korea’s exports rebounded in May following a surprise contraction in April as shipments of semiconductors hit a record high, a positive sign for global growth. Exports rose 13.5 percent in May from a year earlier, while imports jumped 12.6 percent, leaving a trade surplus of $6.73 billion. South Korea releases its trade data earlier than most other major ...

Bloomberg Samsung Electronics Co. plans to highlight an upgraded camera when it unveils its next Galaxy Note smartphone on August 9, according to people familiar with the matter. The new model, likely to be called the Note 9, will look similar to last year’s model, but will also include an upgraded processor from Qualcomm Inc. for some markets, the people ...

Bloomberg These are challenging times for India’s technology-services industry. Growth has slowed. Profits are pinched. Layoffs, once unheard of, are commonplace. Many of the businesses’s own leaders think its best days are in the past. Rajesh Gopinathan is not one of them. The chief executive officer of Tata Consultancy Services Ltd. argues the industry’s opportunities today are bigger than they’ve ...

Bloomberg America’s closest allies plan to slap billions of dollars in tit-for-tat tariffs on US goods after the Trump administration announced it’s imposing steel and aluminum duties on them. The reaction was swift after Commerce Secretary Wilbur Ross announced the US will levy new metals duties on imports from the European Union, Mexico and Canada on national security grounds, ending ...

Bloomberg Fiat Chrysler Automobiles NV plans to form its own financing business in the US and has started discussions with partner Santander Consumer USA Holdings Inc., which it has an option to buy out. That would allow Fiat Chrysler to “participate more fully in capturing value from emerging platforms,” Chief Financial Officer Richard Palmer said in a presentation near Turin, ...

Bloomberg British consumers are worried about prospects for the economy with Brexit on the horizon, and that could spark a shift in behaviour that drags even more on growth. Households have driven expansion for more than a year, but only because they saved less to keep up spending during 2017’s inflation surge. They may be less willing to do so ...

Bloomberg Mexican businessmen aren’t breaking any laws when they ask their employees to not vote for a certain candidate, according to Lorenzo Cordova, head of Mexico’s electoral regulator. If and when any of these activities turn illegal, the National Electoral Institute will act accordingly, the newspaper Reforma reported, citing remarks by Cordova. As long as no laws are broken, their ...

Bloomberg Auto sales were supposed to slow again this year. But with the US economy chugging along, car shoppers keep strolling into showrooms. The pickup in hiring and President Donald Trump’s tax cuts have helped keep new-vehicle demand humming. Almost every automaker’s May results beat analysts’ estimates, and several posted increases, led by Fiat Chrysler Automobiles NV’s 11 percent jump. ...

YEMEN/ WAM As many as 36 members of the Iranian-backed Houthi militias including their leader were killed during confrontations with the Yemeni National Resistance Forces on different fronts in Yemen’s Red Sea Coast. The confrontations between the Yemeni Resistance Forces and the Houthi militias centered in the Taif, Al Husayniyah, and Tahita areas. The Resistance Forces were able to clear ...