Bloomberg Tata Steel Ltd. and the trustee of the British Steel Pension Scheme have agreed to terms to separate the plan from the Indian steelmaker’s UK unit, eliminating the last hurdle for it to proceed with a strategy to place European operations into a joint venture. The Mumbai-based company has signed the regulated apportionment arrangement with the pension trustee and ...

Bloomberg China’s President Xi Jinping moved to calm growing tensions over North Korea, telling US leader Donald Trump in a phone call that all sides should maintain restraint and avoid inflammatory comments. Xi’s comments, reported by China’s CCTV, came shortly after Trump added to his recent aggressive tweets by saying that US military options were “locked and loaded” if North ...

BEIRUT / Reuters Hezbollah and its allies are pressing the Lebanese state to normalise relations with President Bashar al-Assad’s government in Syria, testing Lebanon’s policy of “dissociation” from the Syrian conflict and igniting a political row. Calls for closer ties with the Syrian government, including on refugee returns and military operations on the Lebanon-Syria border, come as Assad regains control ...

Bloomberg President Donald Trump is dispatching a team led by his son-in-law and senior adviser Jared Kushner to Israel in pursuit of a Middle East peace deal. Trump’s sending the delegation to try to take advantage of a period of relative calm following violent clashes last month over Israeli security arrangements at the Jerusalem shrine known to Jews as Temple ...

Bloomberg After a night of protests against a disputed election, an uneasy calm prevailed across most of the Kenyan capital on Saturday, as residents stayed home, shops and markets remained shut and the police and paramilitary forces maintained a heavy presence. President Uhuru Kenyatta was declared the winner of an Aug 8 vote the electoral commission said was free and ...

Bloomberg India has increased its military alert along its eastern border with China, placing around 50,000 soldiers on notice amid an eight-week-long stand-off with Chinese troops near a three-way junction between Bhutan, China and India, people familiar with the matter said. The ‘no war, no peace’ operational alert among the soldiers along the 1,500-kilometer (932 miles) stretch of the 4,057-km ...

The North Korean nuclear threat is a “hinge” moment for the US and China, and for the new international order both nations say they want. If Washington and Beijing manage to stay together in dealing with Pyongyang, the door opens on a new era in which China will play a larger and more responsible role in global affairs, commensurate with ...

President Donald Trump endorsed a plan to change the way the US immigration system operates. Half of the plan is very good. The other half is bad and counterproductive. The plan, known as the Reforming American Immigration for Strong Employment (RAISE) Act, was developed by Republican senators Tom Cotton of Arkansas and David Perdue of Georgia. It would do two ...

It’s customary for companies reporting a horror-show result to blame the general trading environment, rather than anything within control of management. Commodities trader Noble Group Ltd. is no exception. In declaring that it had been holed below the waterline with a $1.9 billion net loss over the June quarter, the company declared the problem was not with the crew, but ...

Ten years after risky mortgages helped spark a global financial crisis, lenders and policymakers have lost none of their talent for helping people make big-ticket purchases they couldn’t otherwise afford. True, 100 percent mortgages are rare now, let alone the 125 percent loan-to-value deals offered by Northern Rock. Fibbing about your income to get a loan is more difficult, though ...