Bloomberg US President Donald Trump’s administration told China it has a month to seal a trade deal or face tariffs on all its exports to the US, even as both sides sought to avoid a public breakdown in negotiations despite a developing stalemate. The threat was made during talks in Washington, hours after Trump upped the ante by imposing a …

Bloomberg Yemen’s Iran-backed Houthi rebels have started to withdraw from the Red Sea port city of Hodiedah, a key lifeline for food and supplies, months after the UN brokered a pact to spare it from a prolonged conflict. The rebels said they were also withdrawing from ports of Salif and Ras Eisa, in line with a UN announcement about their …

Bloomberg Pessimism is back in vogue in the oil markets, as investors bet sputtering trade talks and swelling US output can kill crude’s rally. Hedge funds lifted bearish bets on West Texas Intermediate crude by 39%, the biggest short-selling surge in more than eight months. Meanwhile, bets on a rally retreated for the second straight week. Crude futures slipped to …

Bloomberg Prices are set to rise for another decade in the world’s least affordable property market, Hong Kong, according to UBS Group AG. Inflows of residents will be key as the Greater Bay Area project integrates a group of mainland Chinese cities with Hong Kong, property analyst John Lam wrote in a research report. The extra buyers will be “more …

Bloomberg House price growth in the UK remained weak in April as the slump in southeast England and London depressed the market, the latest survey from the Royal Institution of Chartered Surveyors showed. The index was unchanged as a dip in new buyers weighed on prices, the report said. Expectations for the next three months are for flat or declining …

Bloomberg Apple Inc is planning to unleash a slew of new apps, features and development tools at its annual software conference next month. To improve its devices and strengthen its connection to customers, the consumer technology giant will continue to walk a fine line between wooing outside app makers while also competing against them. The Worldwide Developers Conference, or WWDC, …

Bloomberg Dyson Ltd’s electric car may have a long wheel base, an interior cabin with reclining seats and an aerodynamic design, according to patents awarded to the company. The patents, filed about 18 months ago and made public, are the first glimpse of the car being built by the UK-based company known for pricey vacuums, hair dryers and air purifiers. …

Bloomberg Google unveiled cheaper Pixel smartphones after the company’s line of premium handsets failed to sell in large numbers. Slower processors and cheaper materials helped Google price the Pixel 3a with a 5.6-inch screen at $399. The larger Pixel 3a XL has a 6-inch screen and costs $479. That’s roughly half the price of the company’s existing Pixel phones, before …

Bloomberg The Federal Reserve probably will be more inclined to cut interest rates now that President Donald Trump has followed through on his threat to increase tariffs on US imports from China. But it won’t rush into doing so. While the higher levies will put upward pressure on inflation by raising import prices, the central bank will likely be more …

Bloomberg Tencent Holdings Ltd., Ant Financial, Industrial & Commercial Bank of China Ltd. and Xiaomi Corp. are among companies to win licenses to create virtual lenders in Hong Kong, bringing major players into the race to shake up the city’s traditional banking sector. Tencent has teamed up with ICBC’s local unit and Hong Kong Exchanges and Clearing Ltd., according to …