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Bloomberg China Merchants Group is in talks to invest in port assets owned by French shipping company CMA CGM as the state-owned firm seeks to diversify geographically and boost capacity, people familiar with the matter said. China Merchants is considering spending at least several hundred million US dollars on the potential transaction, according to the people, who asked not to ...

Bloomberg Singapore needs to remain open to skilled foreign workers, especially in the technology sector, in order to ensure the economy stays a globally competitive one, the nation’s trade minister said. The city-state can’t afford to take an “inward-looking, protectionist approach” like some countries that have put up barriers to protect local industries and workers, Minister for Trade & Industry ...

Bloomberg Hurricane Dorian, tied as the most powerful storm to hit land anywhere in the Atlantic, battered the Bahamas inflicting colossal damage to property and infrastructure across the chain of islands. The hurricane was packing winds with maximum sustained speeds of 165 mile-per-hour and a storm surge that could top 23 feet, potentially leaving the islands devastated for years. The ...

Bloomberg The UK’s manufacturing slump unexpectedly deepened in August as mounting Brexit uncertainty and weaker global growth pushed a gauge of the sector to its lowest level in seven years. The continued contraction was driven by a drop in new orders, while optimism among firms fell to a record low, IHS Markit said on Monday. Meanwhile, exports were hurt by ...

Bloomberg EQT Partners, the largest buyout firm in the Nordic region, is planning a Stockholm listing this year in what could be the biggest European initial public offering for a private equity firm in two decades. The planned IPO is expected to encompass 20 percent of the total number of shares in EQT, which will include at least $550 million ...

Bloomberg Porsche is expanding its app-based subscription service to four new cities in the US and Canada, deepening its experiment in flexible car ownership even as other automakers back away. The luxury sports-car brand of Volkswagen AG is adding Las Vegas, San Diego, Phoenix and Toronto to the pilot program it started in Atlanta almost two years ago. The price ...

Bloomberg Taiwan denied interfering in Hong Kong’s affairs to support protesters, rejecting such claims by Beijing as “talking nonsense.” The Taipei-based Mainland Affairs Council said in a statement that unrest in the former British colony stemmed from the Communist Party’s refusal to consider protesters’ democratic demands. The agency was responding to comments by a top mainland representative on Taiwan affairs ...

Bloomberg US Vice President Mike Pence said the American people “stand with Ukraine” but that European nations should do more to help the former Soviet republic. The US has “carried the load” on Ukraine and “we’ve been proud to do that,” Pence told reporters on Monday in Warsaw. “But we believe it’s time for our European partners to step forward.” ...

Bloomberg Georgian Prime Minister Mamuka Bakhtadze stood down on Monday, saying he’d completed the tasks he’d set himself. “The strategic framework has been created and put into place,” Bakhtadze, 37, said in a lengthy Facebook post listing the achievements of his government in the Caucasus nation. “I have decided to leave my position, considering that I have accomplished my mission.” ...

Bloomberg A day after only a narrow victory in state elections, Chancellor Angela Merkel’s coalition realised once again that it needs to do far more to effectively stem the rise of populism in Germany. Yes, the Christian Democrats and their junior coalition partner, the Social Democrats, won in the eastern states of Brandenburg and Saxony. But the gains of the ...