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Bloomberg Australian Minister for Trade and Investment Steven Ciobo denied that Australia struck a security agreement with the US to get exempted from tariffs on steel and aluminum announced by President Donald Trump. “Ultimately, we have a very healthy trade and investment relationship with the United States, especially the type that President Trump likes, and off the back of that ...

Bloomberg Renault SA is deepening a partnership with Alibaba Group Holding Ltd. to boost sales in China, a market the French carmaker is counting on as the biggest growth pillar in the coming years. As part of Renault’s push, Chinese consumers will be able to buy the company’s cars online through Alibaba’s Tmall service, Francois Provost, head of the automaker’s ...

Bloomberg Uber Technologies Inc has named India’s cricket captain—one of the world’s most expensive sports celebrities— as brand ambassador, signaling that while it may be ceding ground in Southeast Asia, it’s still trying to grow in the subcontinent. Virat Kohli would be its first brand ambassador in India in a “one of its kind initiative across the Asia Pacific region”, ...

Bloomberg Hua Medicine Ltd., a Shanghai-based developer of diabetes drugs, has picked Hong Kong over the US for its initial public offering as the Asian financial hub makes a push for biotech listings, people with knowledge of the matter said. The biotech drug developer is working with advisers Goldman Sachs Group Inc., CLSA Ltd. and UBS Group AG on a ...

Bloomberg All is not well in Crypto Valley. One of the highest profile digital-currency projects in Switzerland, a country that’s been among the most enthusiastic advocates for cryptocurrencies, is under fire from both outsiders and insiders over allegations of false marketing and mismanagement, prompting its president to resign. Now the Tezos Foundation, which raised $232 million in an initial coin ...

Bloomberg British lawmakers released documents that show law firms and consultants got millions of pounds from Carillion Plc, a day before the failing company’s chairman asked for an emergency government loan in a letter that one committee head called a “ransom note.” Carillion’s board requested $13.9 million after paying more than 6 million pounds to companies including Ernst & Young ...

Bloomberg Hours after EU trade chief Cecilia Malmstrom said she had “no immediate clarity” on whether the bloc will be let off the hook from planned US tariffs, President Donald Trump laid down his conditions and repeated a threat if they’re not met. “The European Union, wonderful countries who treat the US very badly on trade, are complaining about the ...

Bloomberg A leak of WhatsApp chats from a Conservative Party group that favours a complete UK withdrawal from the European Union shows the breadth of animosity among factions in the governing party and the possible threat posed to a uneasy truce. The messages, published by BuzzFeed on March 10, are from the WhatsApp forum of the European Research Group, which ...

Bloomberg UK Chancellor of the Exchequer Philip Hammond will seek the public’s view on how the country can be a leader in reducing plastic waste. Suggestions will be sought on how the tax system can be used to encourage new technology and bring about behavioral change required to cut the usage of single-use plastics, the Chancellor said. The consultation will ...

Bloomberg The US labour market still has plenty of room to run. That’s the message from government data on March 10, which gave multiple indications America’s jobs situation isn’t as tight as previously thought, sending stocks and bond yields higher. Employers added the most workers since mid-2016, the participation rate rose by the most in almost eight years despite downward ...