Bloomberg In China’s auto market, carmakers are employing a strategy that’s long been eschewed by the rest of the world: if a new model is helping you win, introduce a twin. Take Honda Motor Co., whose namesake brand has been the fastest growing in China’s mass market this year. With its sales gaining on demand for Vezel and XR-V …

  Bloomberg Power Grid Corp. of India Ltd., a state-run electricity transmission company, should sell stakes in its projects to unlock capital for future expansion, according to the nation’s power ministry. The company should cut its balance sheet size to half by selling stakes in projects, power minister Piyush Goyal said in New Delhi on Wednesday. It should consider an …

  Bloomberg As if investors in Asia’s troubled corporate bond markets don’t have enough to worry about, concern is mounting about whether South Korean shipyards will be able to repay record amounts of debt coming due next year. Yields on bonds of Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. have shot up this year. The top …

  Bloomberg The popularity of Argentine President Mauricio Macri has faded since he took office a year ago, as Latin America’s third-largest economy slid into recession and inflation soared. But his appeal among the nation’s farmers remains as strong as ever. That’s because of the stark difference between Macri and his predecessor, Cristina Fernandez de Kirchner, for an agriculture industry …

  Bloomberg Six months after Britain voted to leave the European Union, the signs are pointing to a “hard” Brexit, according to a report by 12 academics and policy researchers. The shock decision has united the 27 other EU members to a degree rarely seen, while exposing how divided Britain is, U.K. in a Changing Europe, an EU-funded research program …

  Bloomberg A few days of regulatory tussles were enough for Uber Technologies Inc. to pull its fleet of self-driving cars from the streets of San Francisco and send them instead to friendlier territory in Arizona. The California Department of Motor Vehicles banned Uber’s self-driving cars from San Francisco on Wednesday, just days after they first deployed. In response, Uber …

  Bloomberg The UK government is clawing back 292 million pounds ($360 million) in subsidies from BT Group Plc to reinvest in spreading super-fast broadband connections to businesses and homes in remote areas. Under a contract with the government, BT receives taxpayer funds to support the rollout of super-fast broadband, with speeds of 24 megabits per second or more, but …

  Reuters Saudi Arabia’s stock market rose sharply on Sunday in response to the release of the 2017 state budget, which includes an increase in government spending, while other major Gulf bourses were sluggish and Egypt retreated on profit-taking. The Saudi stock index added 1.5 percent to 7,191 points, nearing technical resistance on this year’s peak of 7,235 points, hit …

  NEW YORK / AP Snapchat has managed to build something lasting out of photos that vanished almost instantly. The fast-growing social network for millennials has come a long way since its founder Evan Spiegel dropped out of Stanford University in 2012, three classes shy of graduation. His goal at the time was to create a snappy way for people …

  Relaxnews An online Santa tracker run by a Canadian and American defense agency mapped the jolly old gift-giver’s path around the globe Saturday, in what has become a Yuletide tradition. An online Santa tracker run by a Canadian and American defense agency mapped the jolly old gift-giver’s path around the globe Saturday, in what has become a Yuletide tradition. …