Bloomberg Bain Capital and Baring Private Equity Asia are among firms considering bids to acquire an outsourcing business from their private equity rival Carlyle Group Inc, according to people familiar with the matter. A sale of VXI Global Solutions is entering the final stages and a buyer could emerge as early as in the coming weeks, the people said, asking ...

Bloomberg Ningbo Tuopu Group Co said it was the supplier of parts that prompted recent recalls of Tesla Inc Model Y cars in China and the US. Some front- and rear-suspension knuckles weren’t completely immersed in a liquid during the heating process, the Chinese auto-parts maker said in an exchange filing . The potential of any knuckle being defective might ...

Bloomberg SoftBank Group Corp extended a six-day slump with another drop of as much as 9% in Tokyo as key companies in its portfolio delivered further bad news. Chinese ride-hailing giant Didi Global Inc began preparations to withdraw from US stock exchanges, shortly after the US Federal Trade Commission sued to block SoftBank’s sale of Arm Ltd to Nvidia Corp ...

Bloomberg China is starting the second round of projects in its massive desert renewable build-out just months after President Xi Jinping unveiled the scheme. The National Energy Administration (NEA) has asked provinces to submit a list of the second batch of projects by December 15, according to a report from China Wind Power News, citing an NEA notice. Each individual ...

Bloomberg Trust firms that have issued at least $5 billion in high-yield products linked to China Evergrande Group are bracing for a cascade of losses after the cash-strapped developer said it may no longer be able to meet its financial obligations. At least three firms, including Citic Trust Co, China Foreign Economy and Trade Trust Co and National Trust, notified ...

Bloomberg Myanmar’s military regime reduced Aung San Suu Kyi’s jail term to two years after a special court found her guilty in her first trial since her ouster in a February coup and sentenced her to four years in prison, according to a statement on the state broadcaster MRTV. Suu Kyi will serve her sentence at her current location thus ...

Bloomberg South Africa’s chief prosecutor cautioned that arrests following a three-year judicial inquiry into state corruption will take time, as she announced plans to recruit a replacement for her top investigator who quit last week. A panel led by Acting Chief Justice Raymond Zondo is due to complete its graft probe this month, and it will fall to National Director ...

Bloomberg Olaf Scholz cleared the final hurdle on his path to becoming German chancellor when Green Party members overwhelmingly approved the coalition deal with his Social Democrats and the Free Democrats. The Greens said that 86% of some 71,000 members who voted backed the accord, which includes an ambitious climate agenda and plans to upgrade Germany’s technology infrastructure. The SPD ...

Bloomberg UK Prime Minister Boris Johnson won a court ruling over the way he dealt with allegations of bullying made against his Home Secretary Priti Patel. Johnson, the ultimate “arbiter” of the rules governing the behaviour of senior officials, didn’t “misdirect himself,” judges ruled in London. The claim was brought by the FDA trade union, which represents the most senior ...

Bloomberg The US Embassy in Tokyo issued a warning about foreigners being stopped and searched by Japanese police in what it said were suspected to be “racial profiling incidents.” The unusual move by the embassy of Tokyo’s only formal ally came after Japan closed its borders to new entries by foreigners amid concern over the omicron variant, just weeks after ...