Bloomberg Mitsubishi Motors Corp and Denso Corp had their German operations probed by investigators over allegations that they may be involved in equipping diesel engines with devices to cheat on emissions tests. Police and prosecutors began investigating 10 sites across Germany, Nadja Niesen, a spokeswoman for Frankfurt prosecutors, wrote in an emailed statement. A spokeswoman for Denso, an auto parts ...

Bloomberg President Donald Trump is gearing up another attempt at trade talks with the European Union (EU) and is hopeful the two can reach a “big trade deal,” with the head of the European Commission calling on the sides to draw on their similarities as the process unfolds. “A deal between ourselves and essentially Europe is something we all want ...

Bloomberg Tesla Inc’s market value has climbed above Volkswagen AG’s for the first time to more than $100 billion, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months. The electric-car maker’s shares jumped as much as 4.6% shortly after the open of regular trading on Wednesday. At the early intraday ...

Bloomberg UK Chancellor of the Exchequer Sajid Javid presided over the continued easing of austerity last month as departmental spending rose at its fastest pace for any December since 2003 — when Tony Blair was prime minister. The 10.5% increase from a year earlier came as the government pumped money into pay rises in the state-run National Health Service. It ...

Bloomberg Ukrainian President Volodymyr Zelenskiy offered tax breaks to investors as he seeks to drum up interest in sales of state assets. “Come and we’ll protect your investments,” Zelenskiy said. Five-year holidays for corporate tax will apply to those spending $10 million or more in privatization tenders in 2020 or 2021, he said. Privatization of major assets will start in ...

Bloomberg Apple Inc suppliers plan to begin assembling a new low-cost iPhone in February, people familiar with the plan said, as the company looks to address a wider swath of the global smartphone market ahead of its 5G handsets later this year. The Cupertino, California-based company is expected to officially unveil the new phone as early as March, one person ...

Bloomberg India may be experiencing the most glaring setback among emerging economies, but its double pain of slowing growth and surging inflation is spreading far and wide. While a debate rages over whether the latest data from India points to “stagflation,” a sixth successive quarter of economic deceleration and fifth consecutive jump in price growth are threatening “buy India,” one ...

Bloomberg Chinese vice premier Han Zheng told the World Economic Forum (WEF) that the country’s trade deal with the US won’t hurt rival exporting nations as complaints mount from governments that were left out of the agreement. In the most high-profile remarks on the country’s economic policy since the accord was signed last week, Han said that its commitment to ...

Bloomberg Malaysia is unlikely to suffer any loss in its palm oil business from China, despite Beijing pledging to boost soybean purchases from US amid the trade war, according to the Southeast Asian nation’s trade chief. “I don’t think so,” Malaysia’s Minister of International Trade and Industry Darell Leiking said on Wednesday in a Bloomberg Television interview with Haslinda Amin ...

Bloomberg Thailand’s annual budget faces a further delay after an irregularity emerged in the parliamentary vote that was supposed to approve it, signalling yet another obstacle for a struggling economy. The Constitutional Court will now assess whether the vote in the lower chamber was valid following a request for a ruling from 90 lawmakers, Government Chief Whip Wirat Rattanaset said ...