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  Bloomberg The UK expects to reach a free trade deal with India and to enter the Trans-Pacific Partnership agreement in 2023, Business and Trade Secretary Kemi Badenoch said. Badenoch visited India in December in an effort to move forward with the deal, which aims to cut tariffs and open opportunities for UK services to operate in India. The UK ...

  Bloomberg Moody’s Investors Service cut its outlook for Adani Green Energy Ltd and three other companies backed by Indian tycoon Gautam Adani, citing the plunge in the conglomerate’s stock market value in the wake of criticisms in a short-seller report. Referring to factors such as concern over the impact of any big jump in funding costs, the agency lowered ...

  Bloomberg SoftBank Group Corp is considering selling its stake in the holding company of Raine Group, the merchant bank that’s advised on some of the Japanese company’s biggest deals, people familiar with the matter said. The potential stake sale would fit into SoftBank’s retrenchment from a deal-hungry technology conglomerate to one more focused on smaller investments, according to the ...

Bloomberg Italian Prime Minister Giorgia Meloni didn’t paper over her contempt for the French President this past week — and Emmanuel Macron made clear that the feeling was mutual. The spat took place after Volodymyr Zelenskiy met Macron and German chancellor Olaf Scholz at the Ukrainian leader’s request for dinner at the presidential Elysée Palace. Meloni, who was not informed ...

  Bloomberg Nigeria’s move to outlaw high-value notes is the best thing that’s happened to mobile-money operators in Africa’s biggest economy. In the two months since October, when the Central Bank of Nigeria said it will replace 200-, 500- and 1,000-naira notes with new ones, the value of mobile-money transactions has jumped by a quarter to 2.5 trillion naira ($5.4 ...

  Bloomberg PayPal Holdings Inc is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner in the project faces a probe by the New York State Department of Financial Services. PayPal had hoped to debut the stablecoin, which will be backed one for one by the US dollar, in the coming weeks, but will ...

Bloomberg SoftBank Group Corp. offered to buy all shares in robot maker Berkshire Grey Inc. it doesn’t already own in a $218 million deal, in a foray into logistics automation after halting almost all investment activity for months. The global tech investor has sent a non-binding letter of interest, offering to buy Berkshire shares for $1.30 a piece, according to ...

  Bloomberg Ford Motor Co. and Contemporary Amperex Technology Co. Ltd. plan to build a battery plant in Michigan, capping a monthslong search that became mired in geopolitical tensions between the US and China. The multibillion-dollar facility, to be located about 100 miles west of Detroit, is expected to create about 2,500 jobs. The agreement could be announced as soon ...

  Bloomberg Coupang Inc, the South Korean e-commerce pioneer that has lost billions of dollars since its founding, is rolling out an army of robots at fulfillment centers in a bid to reach profitability. Korea’s answer to Amazon.com Inc., Coupang burned cash by building distribution centers around the country that could help it push the boundaries of speedy delivery with ...

  Bloomberg Nissan Motor Co. aims to increase car sales in Europe and make the region one of its four core markets, the Financial Times reported on Sunday, citing an interview with a senior executive. The carmaker will raise Europe to the same level of importance as Japan, China and the US after gaining market share in the region in ...