Bloomberg The US Commerce Department has lifted the ban on American firms selling products to China’s ZTE Corp., removing the final hurdle for the company to start rebuilding its business. The ban was removed after ZTE paid the final tranche of a $1.4 billion penalty by placing $400 million in escrow at a US bank, the department said. That sum ...

Bloomberg Walt Disney Co.’s $71 billion deal with 21st Century Fox Inc. won the endorsement of influential proxy advisers Institutional Shareholder Services Inc. and Glass Lewis & Co., giving the entertainment giant another edge over rival suitor Comcast Corp. Both firms recommended that Fox shareholders vote in favor of the transaction during a July 27 investor meeting, with Glass Lewis ...

Bloomberg Microsoft Corp., which has come under fire for a US government contract that was said to involve facial recognition software, said it will more carefully consider contracts in this area and urged lawmakers to regulate the use of such artificial intelligence to prevent abuse. The company, one of the key makers of software capable of recognizing individual faces, said ...

Bloomberg Facebook Inc. has sent another signal that it’s serious about building its own semiconductors, joining Apple Inc., Alphabet Inc.’s Google, and Amazon.com Inc. in trying to make its own custom chips. The social-networking giant this month hired Shahriar Rabii to be a vice president and its head of silicon. Rabii previously worked at Google, where he helped lead the ...

Bloomberg France is on a charm offensive. While the UK’s financial-services industry reels from the Prime Minister’s latest Brexit proposal, politicians across the Channel are stepping up their campaign to show firms they have other options. On a two-day visit to the UK, French Deputy Finance Minister Delphine Geny-Stephann met banks, asset managers, private equity and fintech firms in an ...

Bloomberg An IS suicide bomber killed at least 159 people in Pakistan on July 13 in one of the country’s worst attacks in living memory ahead of a tense July 25 national election. The blast also injured 200 others at an election rally in northwestern Mastung in the restive province of Balochistan, Ali Ahmed, a rescue worker in Mastung told ...

Bloomberg Violence flared along the volatile Israel-Gaza Strip border on Saturday, with the Israeli air force striking sites inside the Hamas-ruled enclave including two tunnels designed for attacks, and Palestinian militants firing volleys of mortars and rockets. No serious casualties were reported on either side. The military said it struck overnight in response to arson attacks from Gaza and assaults ...

Bloomberg Whatever Donald Trump had hoped to get out of his summit with Vladimir Putin, Robert Mueller changed the game. The US president’s goals for the meeting had always been unclear. But now Trump is under pressure — including from several members of Congress from his own party — to finally confront Putin once and for all over trying to ...

Bloomberg Escaping gruesome violence at the hands of police and gangs in Honduras, a mother and her daughter arrived in the US on June 8 near McAllen, Texas, and turned themselves in to federal agents. They were then separated and held in custody 1,555 miles apart, according to court filings. The 12-year-old daughter is now among a couple thousand migrant ...

Bloomberg The Brazilian presidential candidate with the most enthusiasm for privatising state assets quit the race, saying he had fulfilled his duty as a citizen. Flavio Rocha, the former chief executive officer of retail giant Riachuelo and candidate for the Brazilian Republican Party, had about one percent of vote intentions. “I am convinced that I helped inspire” entrepreneurs or those ...