Bloomberg While competitors race to catch up with Netflix Inc., the largest online TV service in the world is adhering to a simple strategy to maintain its lead: you have to spend money to make money. The streaming pioneer will deploy as much as $8 billion on programming next year, as much as a third more than in 2017. The …

Bloomberg President Xi Jinping warned of “severe” challenges while laying out a road map to turn China into a leading global power by 2050, as he kicked off a twice-a-decade party gathering expected to cement his influence into the next decade. In a speech that ran for more than three hours on Wednesday, Xi declared victory over “many difficult, long …

Bloomberg Iraqi forces pressed their campaign to retake oil-rich territory from Kurdish fighters, widening a conflict that has roiled markets and could stoke tensions outside the country’s borders. Militiamen in the Popular Mobilization Forces operating alongside federal government troops captured the town of Sinjar without resistance, Rayan Al-Kildani, a spokesman, said. “The next step is to continue imposing security, order, …