Bloomberg Bringing fast, widespread internet to rural Africa has proven vexing for companies that have tried—and largely failed—with strategies ranging from drones to satellites. Now, a sister company of Google says it has the answer: balloons. Loon, spun out of the search giant’s X innovation lab in July, is teaming up with Telkom Kenya Ltd. to build a network of ...

Bloomberg Federal Reserve Chairman Jerome Powell said the US economy is strong but could face headwinds next year as policy makers weigh how far and fast to raise interest rates. “We have to be thinking about how much further to raise rates, and the pace at which we will raise rates,” Powell said during a question and answers session in ...

Bloomberg China’s biggest lender pulled an offering of dollar bonds in the US market, adding to concern that American investor demand for Chinese offerings is dwindling amid the trade war. Industrial & Commercial Bank of China (ICBC) Ltd had been marketing three-year and five-year floating-rate notes through its New York branch, then decided not to proceed with pricing, according to people ...