Bloomberg East Japan Railway Co., which operates major rail lines in the Japanese capital, planned to suspend all train services in the Tokyo area on Sunday in preparation for Typhoon Trami, which is hitting the southwest of the country. Kansai International Airport, which serves the greater Osaka area in western Japan, closed two runways from 11 am on Sunday through ...

Bloomberg India’s monsoon, which accounts for more than 70 percent of annual precipitation, missed a forecast for normal rainfall for a second year. Showers totalled 804 millimeters — or about 91 percent of the 50-year average — in the June to September period, data from the India Meteorological Department showed. The bureau had maintained a forecast of 97 percent in ...

Bloomberg An indie Taiwanese hacker said he will not proceed with a plan to take down Mark Zuckerberg’s Facebook page and broadcast it live on Sunday. Self-professed bug bounty-hunter Chang Chi-yuan, who ferrets out software flaws in return for cash, said on Facebook this week that he would live-stream an endeavour to delete the billionaire’s account at 6 pm local ...

Bloomberg A run-in with the US Securities and Exchange Commission may prove to be the recipe for reform that corporate governance experts have said Tesla Inc.’s board needed years ago. The electric-car maker has been forced to find an independent chairman to replace Elon Musk as part of a $40 million accord with the SEC to settle fraud charges related ...

Bloomberg Google Chief Executive Officer Sundar Pichai, whose company drew the ire of senators for failing to send a top executive to a hearing earlier this month, has agreed to appear at another session on Capitol Hill. Pichai had a round of visits in Washington on Thursday and Friday, meeting with lawmakers and the White House’s top economic adviser. “This ...

Bloomberg Foreign buyers face higher taxes on their purchase of homes in the UK as Prime Minister Theresa May starts unveiling policy plans before her Conservative party conference. The government said it will launch a consultation to increase stamp duty on individuals and companies not paying tax in the UK Ministers are considering a rate ranging from 1 percent to ...

Bloomberg Mass-market carmakers like Peugeot have a recurring nightmare: Their vehicles being relegated to transport hardware while apps provide the value that consumers care about. To counter this scenario, Peugeot is trying to prove that style will still matter with a show car that resembles the classic 504 Coupe from 1969. While the styling is retro, the technology is futuristic ...

China has marked the latest ratcheting-up of trade tensions with a misplaced history lesson. Far from worrying about its economic role in the world, the US should recognize just how well the two nations already support each other, according to a white paper released by China’s State Council: China-US bilateral trade has a strong complementarity. The US stands at the ...

Let there be no doubt, the budget that the Italian government is about to pass is a remarkable act of economic self-harm. It could take a long time to repair. The measures defy the rules of prudent debt management in order to fund outlays that will do little to improve Italy’s competitiveness. Most important, they tell investors that the populists ...

As in any relationship between people, once a company loses the trust of its customers, there is a long, lingering period of suspicion that the company will do something egregious again. There is suspicion that greedy banks will take on too much risk again. That Chipotle will make customers sick again. And that Facebook Inc. is too creepy and irresponsible ...