Bloomberg China’s ruling Communist Party has named Wang Yi to direct the nation’s foreign policy after he was promoted to the 24-member Politburo following last year’s twice-a-decade party congress. The foreign ministry’s website posted a report by Wang as the director of the general office of the Central Foreign Affairs Commission. His previous position as foreign minister was recently ...

Bloomberg UK Prime Minister Rishi Sunak told Britons that the problems bedeviling the country won’t disappear in 2023, a warning that prompted the Labour Party to accuse the government of wrecking the economy. In his first New Year’s address as prime minister, Sunak struck a sombre tone, acknowledging that it had been a difficult year for the country. “I am ...

Bloomberg US labour board prosecutors have concluded that Starbucks Corp illegally forced out a New York barista who has been a key architect of the union campaign that swept through hundreds of its cafes this year. The union leader, Jaz Brisack, resigned her Starbucks position in September, alleging that the company had pushed her out by changing its scheduling policies ...

  Bloomberg Twitter Inc was sued for failing to pay $136,250 in rent for its office space in San Francisco. The landlord, Columbia Reit – 650 California LLC, says it notified Twitter that it would be in default on its lease for the 30th floor of the Hartford Building in five days unless the rent was paid. The tenant failed ...

  Bloomberg The UK arm of environmental activist group Extinction Rebellion said it plans to step away from attention-grabbing tactics that have caused widespread public disruptions and instead focus on building broader support to help combat rising carbon emissions. “As we ring in the new year, we make a controversial resolution to temporarily shift away from public disruption as a ...

Bloomberg Tesla Inc shares have fallen so far, so fast that some individual investors are piling in, seeing a chance to pick up what was once Wall Street’s highest flying stock on the cheap. But would-be bargain hunters may want to take a closer look. Even after 2022’s record 65% drop, the electric-car maker’s meteoric surge during 2020 and 2021 ...

Bloomberg In the evolution of the electric vehicle (EV), 2022 will be remembered for its megafauna: Massive electric trucks finally roamed the land, with equally outsized prices. Next year, however, should bring some subspecies — a diaspora of SUVs, including some slightly smaller options and, rarer still, a precious few with more modest window stickers. If you are in the ...

Bloomberg Huawei Technologies Co. posted its third straight quarter of growth, declaring a return to normalcy after overcoming a plethora of US restrictions this year. The company’s sales rose 7.2% to $27.4 billion in the December quarter, according to Bloomberg’s calculations off annual figures, after carving out new income streams from areas such as smart cars and cloud services. 2022 ...

Bloomberg Elon Musk’s Twitter Inc risks massive fines after its top privacy regulator in the European Union (EU) opened a probe into reports of a suspected data breach that compromised the personal details of 5.4 million users. Ireland’s Data Protection Commission said it decided to start a probe over reports that one or more datasets of users’ personal information “had ...

  Bloomberg Sony Group Corp led a big jump in video-game hardware sales in the US, in the latest sign of improving PlayStation 5 supply. The Tokyo-based entertainment giant drove a 45% spurt in US games hardware sales to $1.3 billion in November, according to the NPD Group. Back home in Japan, the company’s in-demand console can now be purchased ...