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Softbank defiant as WeWork triggers loss

Bloomberg Masayoshi Son struck a defiant tone after his SoftBank Group Corp reported an enormous loss from investments in money-losing startups WeWork and Uber Technologies Inc. The Japanese billionaire paced a stage in Tokyo showing off dozens of slides that he argued demonstrate the promise of his deal-making. He began by flashing a slide of newspaper headlines and mocking reports ...

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Macron, Xi pledge to uphold free trade during China visit

Bloomberg China and France vowed to uphold multilateralism and free trade and build an open global economy, as President Xi Jinping nears a phase one trade deal with the US. Xi’s comments came during a three-day visit to China by President Emmanuel Macron. “Together, we sent a strong signal to the world to firmly uphold multilateralism and free trade and ...

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India to set up regulator to end e-commerce disputes

Bloomberg India is examining the feasibility of setting up a regulatory authority to settle disputes related to e-commerce, a top government official said, amid a raging battle between big online retailers and mom-and-pop stores. The proposal being considered comes after small traders approached the government with allegations of predatory pricing and deep discounting by Amazon.com Inc and Walmart Inc. They ...

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