Bloomberg Departing Daimler AG Chief Executive Officer Dieter Zetsche promised cost cuts and an efficiency drive to restore profit margins as the man who steered the Mercedes-Benz carmaker for more than a decade leaves his successor to tackle unprecedented industry upheaval. “We cannot and will not be satisfied with the current level of profitability,” Zetsche said on Wednesday at the ...

Bloomberg At least six people were killed and hundreds more injured in clashes between police and supporters of Indonesian presidential candidate Prabowo Subianto in the worst political violence to hit Jakarta in two decades. Jakarta Governor Anies Baswedan appealed for public order and urged police to exercise restraint and avoid conflict with the protesters in the capital city. About 200 ...

Bloomberg China’s President Xi Jinping called on citizens to join a “new Long March”, a phrase he’s used before to characterise achieving progress despite hardship, as the US weighs stronger restrictions on Chinese technology companies amid a deepening trade war. Xi made the remarks while leaving the Long March memorial garden in Jiangxi Province, according to a video clip released ...