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Bloomberg Boris Johnson accused members of parliament of holding the UK “hostage” ahead of a vote on Monday on an early general election. The prime minister looks set to lose his bid for a snap poll on December 12, after opposition Labour Party leader Jeremy Corbyn reiterated he’ll only support it if the risk of a no-deal Brexit is removed. ...

Bloomberg Belgium is getting its first female prime minister. Budget and Civil Service Minister Sophie Wilmes will succeed Charles Michel, who has served in an acting capacity since an inconclusive election in May. He’s taking office as president of the European Council, which involves chairing meetings of European Union leaders, on December 1. According to Belga news agency, Wilmes, 44, ...

Bloomberg China failed to reach an agreement with other countries on furthering the work of a three-year-old forum designed to resolve the global steel industry’s overcapacity. While a majority of members wanted to extend the forum beyond next month, China said that the organization has achieved its goal and should expire, Japan’s Industry Minister Hiroshi Kajiyama, who chairs the meeting ...

Bloomberg India’s sputtering economy is turning the energy-hungry nation into an unlikely source of diesel exports. The industrial fuel is the lifeblood of Indian manufacturing, transport and agriculture, making it the country’s most-consumed petroleum product. But five straight quarters of slowing growth is taking an increasing toll on demand, resulting in diesel consumption slumping to the lowest since the start ...

Bloomberg Jaguar Land Rover’s Indian owner reported a narrower loss than expected in the second quarter after the British luxury unit turned profitable working through a cost cutting program. Tata Motors Ltd lost 2.17 billion rupees ($31 million) in the three months ended September 30, compared with a loss of 10.5 billion rupees a year earlier, the company said. Analysts ...

Bloomberg Hong Kong may report negative growth this year as the economy reels from more than four months of social unrest, Financial Secretary Paul Chan wrote in a blog post. It is “impossible to rule out the possibility” that full-year gross domestic product will decline, Chan wrote in the post. “It seems that it is extremely difficult to achieve the ...

Bloomberg Uber Technologies Inc Chief Executive Officer Dara Khosrowshahi vowed to get his company to profitability while pursuing growth from emergent arenas such as India, addressing investors’ concerns about the ride-sharing company’s mounting losses and global regulatory challenges. Uber, which lost about $5.2 billion in the second quarter alone, is having a tough time convincing the market of its growth ...

Bloomberg Trade-reliant Thailand said President Donald Trump’s decision to suspend some US trade benefits will affect only a small proportion of its exports. The impact is expected to be limited and would cut annual export value by at most $32.8 million in 2020, the Commerce Ministry said in a statement. The US is Thailand’s second-largest export market, and shipments were ...

Bloomberg Saudi Basic Industries Corp. (Sabic) posted its lowest quarterly profit in at least a decade as the chemical maker took an impairment charge and cheaper oil put pressure on its product prices. Net income slumped 86% from the previous year to 830 million riyals, while sales fell 23% for the same period to 33.7 billion riyals, the company known ...

In the tempestuous debates about immigration policy, the humble H-1B temporary visa tends to be overlooked. Streams of desperate Central Americans marching toward the border tend to evoke strong emotions on all sides, while tech professionals from India working in Silicon Valley elicit fewer objections. But H-1B workers are important to national prosperity, and the program is under threat from ...