Bloomberg As Uber Technologies Inc. looked to conquer ride-sharing around the world, Grab was focussed on serving the 620 million people that share its home in Southeast Asia. Helped by the deep pockets of SoftBank Group Corp., Grab emerged the winner when Uber agreed to swap its business in the region for a 27.5 percent stake. The deal is a ...

Bloomberg Bilibili Inc., China’s top online platform for streaming animation, is poised to raise $483 million in its US initial public offering, according to people with knowledge of the matter. The website operator plans to price its sale of 42 million American depository shares at $11.50 apiece, the midpoint of a marketed range, the people said, asking not to be ...

Bloomberg A Shanghai court accused former Anbang Insurance Group Co. Chairman Wu Xiaohui of masterminding a 65.2 billion yuan ($10.4 billion) fraud, using unauthorised sales of investment-type policies to prop up the acquisitive company’s capital. The charges in court statements, which offer an unprecedented glimpse into Anbang’s inner workings, allege wrongdoing going as far back as 2007. Wu ordered up ...

Bloomberg US President Donald Trump called for continued pressure against Kim Jong Un, after China said the North Korean leader expressed an openness to disarmament talks during a surprise visit to Beijing. Trump struck an optimistic tone after the unexpected summit with Chinese President Xi Jinping, saying in a pair of early morning tweets on Wednesday that Kim might “do ...

Reuters A month before the 2016 presidential election, a campaign aide to Donald Trump directly communicated with a man he knew was a onetime Russian spy, according to a court filing by Special Counsel Robert Mueller. Rick Gates, the campaign aide, told an attorney for a US law firm that a Russian national they worked with in Ukraine was a ...

Bloomberg Poland’s ruling party suffered its biggest drop in popularity in two years as clashes over democratic standards and a Holocaust law, a government shakeup and a public bonus scandal were compounded by mass street protests. The Law & Justice party saw its support drop more than a quarter to 28 percent, from 40 percent a month earlier, according to ...

Bloomberg Silvio Berlusconi is open to his party joining a possible coalition government formed by Italy’s center-right alliance and the anti-establishment Five Star Movement — but he wants its leader Luigi Di Maio to stop demanding the premiership. Berlusconi believes Di Maio should drop his claim on the prime minister’s job, and focus on drawing up a common program, according ...

Bloomberg Hundreds of wealthy Russians who moved to the UK promising to invest millions of pounds in businesses will have their visas reviewed under plans for a crackdown following the nerve agent attack on a former spy. Home Secretary Amber Rudd said her officials will be trawling through the cases of 700 Russians who were given permission to come to ...

Bloomberg Ethiopia’s ruling coalition appointed a top official from the protest-hit Oromia region as leader, as the government tries to quell unrest that’s posed the biggest challenge to its rule in a quarter-century. The Ethiopian People’s Revolutionary Democratic Front chose Abiy Ahmed, 42, a retired lieutenant general and recently appointed chairman of the Oromo People’s Democratic Organization, to succeed Hailemariam ...

Bloomberg Hundreds of Ghana opposition members took to the streets of the capital, Accra, to demonstrate against a government decision to allow a US military base in the West African nation. Former Vice President Kwesi Amissah-Arthur and general secretary of the main opposition National Democratic Congress Asiedu Nketia joined protesters calling themselves Ghana First Patriotic Front. Members of the Convention ...