Bloomberg Now comes crunch time for Tencent Music Entertainment Group insiders and early backers who have to decide on Monday whether or not to cash out of the Chinese music entertainment service when its 180-day lockup expires. The decision is made more torturous by a 34 percent decline in the stock since a peak in mid-March. For some insiders and ...

Bloomberg The southwest monsoon, which waters more than half of India’s farmland, arrived in the country’s southern coast more than a week later than normal. Monsoon showers reached Kerala on Saturday, said Mrutyunjay Mohapatra, additional director general of Meteorology at India’s Meteorological Department. The department in May had predicted a June first week onset for the June-September rainy period. The ...

Bloomberg India plans to return to the negotiating table after President Donald Trump terminated a trade concession, which allowed the country to export almost 2,000 products to the US duty-free, people with knowledge of the matter said. While an option is to raise tariffs on a slew of US goods as retaliation, India may not choose that considering the benefits ...

Bloomberg President Donald Trump said he would drop plans for tariffs on Mexico that he’d been threatening to impose for the past week after the country promised new steps to stem an influx of illegal migration into the US. “I am pleased to inform you that The United States of America has reached a signed agreement with Mexico,” Trump said ...

Bloomberg Wildfire season has barely started, and PG&E Corp is already warning it could cut service in Napa County and elsewhere in Northern California to prevent power lines from sparking a blaze. PG&E may proactively shut off electricity in several counties this weekend after the National Weather Service said fire risk was high, the San Francisco-based utility said. About 1,600 ...

Bloomberg After a tumultuous stock debut, Uber Technologies Inc. Chief Executive Officer Dara Khosrowshahi is parting ways with two top lieutenants in a major leadership overhaul. Barney Harford, the chief operating officer, and Rebecca Messina, the chief marketing officer, are both leaving the company, Uber said. Uber had largely shielded Harford from the public spotlight after he was the subject ...

Bloomberg AT&T Inc.’s DirecTV and Dish Network Corp., suffering the steepest subscriber losses in the pay-TV industry, are open to a merger and both companies believe such a deal could pass muster with US regulators, according to people familiar with their thinking. It’s been 17 years since a proposed combination of the two satellite-TV services was deemed bad for consumers ...

Bloomberg The US and Russian navies sniped at each other after a near collision between warships in the Philippine Sea. The US 7th Fleet in a statement called the Russian ship’s actions “unsafe and unprofessional,” while the Russian Pacific Fleet said the US vessel’s moves were “unacceptable,” according to state news agency TASS. The tiff happened on the same day ...

Bloomberg The Pentagon reiterated promises to respond to any use of chemical weapons by Syrian forces as the Assad regime’s offensive against militants in a key northwestern province threatens to cause another humanitarian crisis in the country’s eight-year civil war. The US and its allies “will respond quickly and appropriately,” Michael Mulroy, deputy assistant secretary of defense for the Middle ...

Bloomberg President Donald Trump said he would drop plans for tariffs on Mexico that he’d been threatening to impose for the past week after the country promised new steps to stem an influx of illegal migration into the US. “I am pleased to inform you that The United States of America has reached a signed agreement with Mexico,” Trump said ...