Bloomberg Kim Jong-un ordered the suspension of military actions against South Korea, a move that could ease tensions after North Korea blew up a liaison office built by Seoul and warned of further provocations. Kim “took stock of the prevailing situation and suspended the military action plans against the south” during a military commission meeting for his ruling Worker’s Party ...

Bloomberg President Donald Trump was expected to meet Polish President Andrzej Duda on Wednesday in his first encounter with a foreign leader since the coronavirus pandemic prompted global lockdowns in March, in a visit both leaders hope provides a political boost for looming elections. The Polish president is travelling to Washington just days before he seeks re-election in the hope ...

Bloomberg China’s defense ministry urged India to work with Beijing to ease tensions along their disputed border, while recounting its version of the events that lead to the deadly clashes between troops high in the Himalayas last week. Indian soldiers crossed the border on May 6 to construct barriers that blocked Chinese troops, which led to an escalation of tensions, ...

Bloomberg The US is weighing new tariffs on $3.1 billion of exports from France, Germany, Spain and the UK, adding to an arsenal of measures the Trump administration is using against the European Union that could spiral into a wider transatlantic trade fight later this summer. The US Trade Representative wants to impose new tariffs on European exports, while increasing ...

Bloomberg British shopkeepers slowly emerging from three months of forced closure have a new problem on their hands: the rent is due. Third quarter rents on the country’s commercial properties are billed with about $3.1 billion owed by retailers alone, according to the British Property Federation. While mall landlords eventually got about half the rent owed for second quarter, government ...

Bloomberg Volkswagen AG is exploring an offer for Europcar Mobility Group, according to people familiar with the matter. Shares of the rental-car company soared. Volkswagen’s considerations are at an early stage, said the people, who asked to not be identified because the matter isn’t public. The carmaker could opt to not proceed with an offer, they said. Europcar shares rose ...

Bloomberg Facebook Inc. suffered a setback in a key challenge to its business model as Germany’s highest civil court said it has “no doubt” that the social network misuses its dominant market position. Judges at a hearing ruled that Facebook must comply with a strict order curbing the network’s leeway in tracking users’ browsing and smartphone apps even as it ...

Bloomberg French business confidence surged in June, rebounding from the lockdown damage as the economy continues to reopen. The improvement follows figures showing a pickup in measures of activity in the euro area and data last week that indicated the slump in France wasn’t as bad as initially expected and consumption is returning quickly. A closely watched measure of business ...

Bloomberg A Missouri appeals court refused to toss out a $4.7 billion jury verdict against Johnson & Johnson (J&J) over cancer claims linked to talc-based products including baby powder but agreed to cut the total payout to $2.1 billion to the women who sued the company. In a unanimous 83-page opinion, a three-judge panel said 2018 trial testimony by plaintiffs’ experts ...

Bloomberg European stocks and US futures slumped as a resurgence in virus cases in Tokyo, Germany and the American South sharpened concern about the pace of economic recovery. The Stoxx Europe 600 Index fell the most in a week with losses across all major industries. Oil and copper retreated, while the dollar steadied. Austria is selling another 100-year bond, locking ...