Bloomberg Fifteen months after Donald Trump’s first travel ban set the in-your-face tone for his presidency, the controversy finally comes before the Supreme Court in a showdown over the limits of the president’s power to control who enters the country. In arguments on Wednesday, the justices for the first time will directly confront the policy, which in its latest version ...

Bloomberg Mario Abdo Benitez, a former senator from the ruling Colorado Party, won Sunday’s presidential election in Paraguay, in a surprisingly narrow victory over the opposition candidate. Abdo Benitez, 46, whose father was the secretary of long-ruling dictator Alfredo Stroessner, had 46.4 percent of the vote, with almost 100 percent of voting stations counted, according to preliminary results from the ...

Bloomberg Moon Jae-in set his mind on South Korea’s presidency nine years ago, when his ailing role model, Nobel Peace Prize-winner Kim Dae-jung, pulled him close and urged him to keep fighting for peace with North Korea. Soon after, Kim, the first South Korean leader to visit Pyongyang, was dead. Moon found himself among a core of acolytes determined to ...

Bloomberg A smartphone in India cost more than $200 just two years ago. Now you can get a decent phone for nothing but a refundable deposit of $23. Data packages are cheap, and a startup company even throws in free voice calls for life. For this, consumers can thank Mukesh Ambani, a 61-year-old petrochemicals titan who is the country’s richest ...

Bloomberg UD Trucks, a Japanese subsidiary of Swedish truckmaker Volvo AB, plans to introduce electric and autonomous trucks within the next two years, joining global rivals in developing driverless technologies to ease a labour shortage. The Japanese company will display autonomous and electric-drive prototypes this year, targeting field and customer trials ahead of the Tokyo Motor Show in 2019, UD ...

Bloomberg Elliott Management Corp., which earlier this month announced it bought about $1 billion in shares of units of Hyundai Motor Group, stepped up its pressure on the South Korean conglomerate by making demands ranging from higher dividends to restructuring the group under a holding company. Elliott’s proposals, which include combining Hyundai Motor Co. with Hyundai Mobis Co. and raising ...

Bloomberg Toshiba Corp. is all but guaranteed to miss a May 1 deadline to sell its memory chips business to a Bain Capital-led group, people familiar with the matter said, raising the chances it may consider other options that could yield billions of additional dollars for the unit. Chinese regulators are now conducting a third review of the deal, which ...

Bloomberg China’s tropical island of Hainan is basking in the glow of a raft of favorable economic policies, some unveiled by none other than President Xi Jinping. But, now, it’s also notable for something else: China’s first province-wide home-buying restrictions, after previous curbs were expanded in an announcement. To get a sense of the scale, that’s an area a bit ...

Bloomberg President Xi Jinping’s big push to curb pollution and excess capacity in steel and other industries is also consolidating his government’s control over them. Just last year, the state’s share of steel capacity increased to 67 percent from 60 percent while aluminum smelting saw about an equal increase, J Capital Research Ltd. estimates. In coal, which began consolidating years ...

Bloomberg The Department of Justice opened another front in its scrutiny of the US telecom industry, signaling it’s set on maintaining a deeply competitive environment in a market where four major carriers are jostling for new subscribers. Antitrust officials are investigating whether AT&T Inc. and Verizon Communications Inc. colluded to make it tougher for consumers to change wireless carriers, people ...