Bloomberg Zhou Hongyi made a savvy move this year when he shifted his company listing to Shanghai from New York. The February switch added $12 billion overnight to his fortune. The 48-year-old chairman of 360 Security Technology Inc. has since experienced the downside of listing in China, after stocks tumbled on concerns about a US trade war and a slowing ...

Bloomberg As China’s push for clear skies sends the world’s biggest steel industry hunting for better quality iron ore, suppliers in India are ramping up capacity to cater to the growing export market, according to the local unit of Moody’s Investors Service. Indian producers of iron ore pellets — a less polluting form of the mineral that can be fed ...

Bloomberg Vietnam is proposing to allow international Internet companies such as Alphabet Inc.’s Google and Facebook Inc. one year to comply with a controversial cyber law that goes into effect on January 1 and requires them to open local offices and store data of Vietnamese users in the country. The Ministry of Public Security posted a draft decree on its ...

Bloomberg US President Donald Trump’s trade war isn’t only rattling global soybean markets. It’s also shifting the flow of crops within the US, changing pricing patterns and boosting how much of this season’s bumper crop needs to be stored. Traders shipping soybeans through the Pacific Northwest, a key export hub to China, are now diverting supply from that route south ...

Bloomberg The US trade deficit widened more than forecast in September to a seven-month high as imports expanded and the merchandise gap with China hit a record amid an escalating tariff war. The gap for goods and services increased 1.3 percent from the prior month to $54 billion, Commerce Department data showed. The median estimate of economists surveyed by Bloomberg ...

Bloomberg Canada’s unemployment rate fell back to four-decade lows, but sluggish wage increases and slumping exports offer little evidence the economy is running hot enough to warrant accelerated interest rate increases. Statistics Canada released jobs data that showed modest employment gains, but with a shrinking labour force and the slowest wage gains in a year. A separate trade report continued ...

Bloomberg Facebook Inc. was slapped with a symbolic 500,000-pound ($645,000) fine by the UK’s privacy regulator for “serious” violations of data protection rules that paved the way for the Cambridge Analytica scandal. The fine is the highest possible for the Information Commissioner’s Office under old rules that predated this year’s European Union revamp of privacy penalties. The ICO said that ...

Bloomberg Nokia Oyj said it will reap the rewards of higher spending on next-generation wireless networks in the final months of 2018, after the Finnish company announced an unspecified number of jobs reductions in a $1 billion drive to cut costs to reach long-term targets. The results showed that the company has some way to go to fulfill Chief Executive ...

How many jobs are vulnerable to automation? Plenty of people ask that question, and plenty of people try to give numerical answers. A recent study by the Organization for Economic Cooperation and Development (OECD) said that about 46 percent of jobs have a better-than-even chance of being automated. A 2016 study by Citigroup Inc. and the University of Oxford reported that ...

What’s so scary about climate change? The term is not scary — at last not in a visceral, skin-crawling sense. Scientists have shown that the likely 2 degrees of global warming to come this century will be extremely dangerous, but, you know, “2 degrees” is hardly a phrase from nightmares and horror films. How about “rat explosion”? As the climate ...