Bloomberg Ted Kaufman, the head of Joe Biden’s transition team, praised UK Prime Minister Boris Johnson for his early endorsement of the president-elect’s victory while other heads of government hung back. Johnson was the second world leader to receive a call from Biden after his win, a move welcomed in London as a sign the incoming White House team still ...

Bloomberg Huawei Technologies Co sold its Honor smartphone business to a Chinese government-backed consortium for an undisclosed amount, hiving off the entry-level devices arm after the Trump administration cut off its access to American technology. The consortium was formed by the Shenzhen Smart City Technology Development Group Co and more than 30 of Honor’s partners, agents and dealers, from private ...

Bloomberg Tesla Inc, Elon Musk’s 17-year-old upstart carmaker, took a giant step towards blue-chip respectability, getting named to one of the world’s most famous stock indexes in an action that will greatly broaden its investor base. The announcement that Tesla will enter the S&P 500 on December 21 follows months of speculation, and one temporary setback, after the stock failed ...