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  Bloomberg Tesla Inc is recalling almost 81,000 electric cars in China — more than it typically ships from its Shanghai factory in any given month — due to a software issue and seat belt problems. The US EV maker will call back 70,434 imported Model S, Model X and Model 3 vehicles, and 10,127 China-made Model 3 cars, the ...

Bloomberg Taiwan is set for a more contentious presidential race focused on rising tensions with China, after low turnout in local elections handed China-skeptic President Tsai Ing-wen’s party historic losses. The ruling Democratic Progressive Party won just five of 21 city- and county-level races, its worst showing since its founding in 1986. The opposition Kuomintang, which historically has an advantage ...

  SEOUL / WAM Five people were killed on Sunday in a helicopter crash in the eastern coastal county of Yangyang in South Korea. Yonhap news agency quoted fire officials as saying that the chopper, an S-58T, crashed on a hill around 10:50am local time, while surveying the area against forest fires. The helicopter was smashed into pieces and burst ...

  Bloomberg Malaysia’s Islamic party declined to join newly appointed Prime Minister Anwar Ibrahim’s unity government. Parti Islam Se-Malaysia, or PAS, which won the most seats of any party in the recent general election, will instead act as a “constructive opposition,” Secretary-General Takiyuddin Hassan said in a statement. The decision was made to “respect and trust the mandate of the ...

Bloomberg Pakistan’s former premier Imran Khan said his lawmakers are quitting regional legislative assemblies, ending his months-long protest, to mount further pressure for snap elections days after the appointment of a new army chief. “We won’t be part of this system anymore,” he said at a packed rally in the garrison town of Rawalpindi, an event that he pressed on ...

Bloomberg Indonesian President Joko Widodo urged his supporters to vote for a “fully white-haired” leader, his most upfront show of support yet for a presidential hopeful. “Look at the leader’s hair too, if it’s fully white, that means they are thinking about the people,” Jokowi, as the president is popularly known, said to his almost 150,000 supporters gathered at a ...

  Bloomberg Venezuela’s battling political factions restarted negotiations in Mexico, signing a rare deal to work together on a humanitarian spending plan and setting the stage for the US to ease rules on Chevron to operate in the country. Representatives of the Venezuelan government and the opposition signed a humanitarian agreement that seeks to get access to some of the ...

    Bloomberg The European Central Bank (ECB) is imposing higher capital requirements on lenders including BNP Paribas SA and Deutsche Bank AG, arguing that they have ignored warnings to cut risk in the lucrative business of leveraged finance, according to people familiar with the matter. The French and German investment banks are among a handful of institutions who are ...

Bloomberg India’s banking regulator asked a unit of Paytm to resubmit its application for approval required to provide payment aggregator services, a potentially lucrative business the company is trying to expand into. The Reserve Bank of India (RBI) asked Paytm Payments Service Ltd. to resubmit its application after seeking necessary approvals from its parent to comply with foreign direct investment ...

  Bloomberg Goldman Sachs Group Inc. plans to set up shop in Munich to strengthen its coverage of Germany’s biggest, and newest, companies. The US investment bank is close to signing a lease for an office on upmarket Maximilianstrasse from the end of 2023, people familiar with the matter said, asking not to be identified discussing confidential information. It will ...