Bloomberg NIO Inc reported a worse-than-expected quarterly loss, prompting the struggling Chinese electric-vehicle maker to pursue thousands of job cuts by the end of this month and the spinoff of some businesses by year-end. Second-quarter net losses widened 83 percent from a year earlier to about 3.3 billion yuan ($463 million), according to a statement on Tuesday. The figures were ...

Bloomberg Activity in Japan’s manufacturing sector contracted at the fastest clip in seven months in September, according to the latest PMI data, as US-China trade tensions continued to cloud the global outlook. The Jibun Bank Purchasing Managers Index fell to 48.9 from 49.3 in August, matching the lowest reading since 2016. The latest release comes with the Bank of Japan ...

Bloomberg Xiaomi Corp introduced its first phones compatible with the latest, fifth-generation cellular technology in China, as the country’s once-biggest smartphone maker prepares for an uphill battle against domestic rival Huawei Technologies Co. At an event in Beijing, billionaire co-founder Lei Jun introduced the 5G-capable Mi 9 Pro, the latest of Xiaomi’s classic product line, and gave the world a ...