Bloomberg Mexico’s Finance Minister Arturo Herrera said the country should debate how to exploit its deep-water hydrocarbon riches, in an apparent challenge to President Andres Manuel Lopez Obrador’s decision to suspend the private oil auctions to explore these deposits. “We need to have a profound discussion about what we are going to do with deep water, because in deep water, ...

Bloomberg Here in the heart of America’s car industry, car parts have nowhere to go. Eighty-five tractor trailers full of hoods, bumpers and other assorted parts sat, unloaded, in Lansing, Michigan, — more evidence of the cost of the General Motors (GM) strike that has shut down most of its North American plants and idled 46,000 workers. Soon to enter ...

Bloomberg Facebook Inc has made mistakes in controlling the use of its data and has improved its monitoring of fake news but can’t be expected to police the global internet, spokesman Nick Clegg said in an interview in El Pais. Facebook’s vice president of global affairs and communication said the technology company can identify and warn users that certain content ...

Bloomberg The National Highway Traffic Safety Administration (NHTSA) says it’s received a petition calling for an investigation of certain Tesla Inc electric cars and is evaluating the complaint, according to a notice posted on regulator’s website. The petition, filed by a law firm representing Tesla drivers, alleges that Tesla updated battery management software in response to a potential defect that ...

Bloomberg Half of high-income millennials ages 30 to 34 fear they’ll have to work forever because they won’t be able to save enough to retire. That’s one take-away from a recent study that focussed on high-income millennials, those with a minimum annual income of $100,000 for single people or $150,000 for married ones. The survey was conducted by the Spectrem ...

Bloomberg HP Inc will slash as much as 16 percent of its workforce as part of a broad restructuring meant to cut costs and boost sales growth amid the company’s first change in top leadership in four years. The personal computer giant said it will cut 7,000 to 9,000 positions through firings and voluntary early retirement. The job reductions will ...

Bloomberg President Donald Trump’s battle against an accelerating impeachment inquiry is growing tougher after a week of damaging revelations and self-inflicted wounds that emboldened Democrats and put the White House on defense. The president added to the frenzy by publicly calling on Ukraine and China to investigate former Vice President Joe Biden, echoing the conduct that sparked the impeachment effort ...

Bloomberg The Taliban met with US special envoy Zalmay Khalilzad in Pakistan, for the first time since US President Donald Trump ended negotiations for an Afghan peace deal, the Associated Press (AP) reported. Khalilzad met with the Taliban delegation led by Mullah Abdul Ghani Baradar in Islamabad, the AP said, citing an unidentified Taliban official. The US has said peace ...

Bloomberg North Korea sent a group of working-level officials to Dandong, China, to prepare for a possible visit by its leader Kim Jong-un, according to South Korean newspaper Dong-A Ilbo. “It won’t be surprising if Kim visits China soon,” a person familiar with North Korean issues was quoted by the newspaper as saying. An unnamed South Korean official told the ...

Bloomberg Hong Kong went into near shutdown as businesses closed and rail services were suspended for the first time in more than 20 years after overnight violence described by Chief Executive Carrie Lam as a “very dark day.” A person was shot and injured during a scuffle between a plain-clothes police officer and demonstrators who had attacked his car. The ...