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Bloomberg Indonesia is planning a slew of incentives for electric-car manufacturers and drivers, to help bolster a sector that has already lured investment from Toyota Motor Corp. and SoftBank Group Corp., according to a draft government strategy seen by Bloomberg. The measures are aimed at accelerating the adoption of battery-powered cars in Indonesia and building a base for the production ...

Bloomberg Factories across Asia and Europe are increasingly feeling the brunt of the festering U.S.-China trade war that shows no imminent sign of ending. Purchasing managers’ indexes from some of the largest economies on both continents remained below 50 in July, signaling contractions in industrial output. Germany, the motor of Europe’s growth, is mired in its worst manufacturing slump in ...

Bloomberg When a potential cliff-edge Brexit loomed last spring, Albion Stone stockpiled equipment and materials as a precaution against disruptions. Not this time around. Michael Poultney, the business director at the Redhill, England-based firm, is still smarting after spending more than $240,000 on preparations, only to see Britain’s exit from the European Union pushed back to October 31, or perhaps ...

Bloomberg California, New York and 10 other states sued the Trump administration for weakening Obama-era auto regulations intended to increase industry compliance with federal fuel-efficiency standards. The suit filed in the federal appeals court in Manhattan challenges a final rule issued by the National Highway Traffic Safety Administration that reduces financial penalties for companies that fail to meet corporate average ...

Bloomberg Supercar manufacturers typically operate in the rarefied sphere of recession-proof consumption, where wealthy customers possess enough money to drop $300,000 or more on their purchases. Ferrari NV experienced the limits of that behaviour, reporting growth in the second quarter far behind the first three months of the year, sending its stock tumbling. Both profit and shipments slowed from more ...

Bloomberg It’s dry in the Pacific Northwest, British Columbia and Alaska. Very dry. A contiguous stretch of over 2,000 miles of Pacific coastline is experiencing drought conditions ranging from “abnormally dry” to “extreme drought,” according to US and Canadian Drought Monitors. While drought has receded across much of the Canadian provinces from June, and overall conditions in the lower 48 ...

Bloomberg Alphabet Inc’s Google will require rivals to bid in order to become listed as alternative search providers on Android smartphones, a move to try to keep additional antitrust scrutiny at bay. Starting next year, Google will prompt users to make a choice between Google and three other rival options as their default search provider. Google invited search providers to ...

Bloomberg President Donald Trump said that North Korea’s recent tests of short-range rockets and missiles may run afoul of United Nations resolutions but haven’t violated agreements with his administration. North Korea conducted its third test in a week of a new short-range ballistic missile that weapons experts say was designed to strike US allies in East Asia. Its leader Kim ...

Bloomberg The US imposed a second round of sanctions on Russia for using a nerve agent in an assassination attempt last year. The additional sanctions will prohibit US banks from participating in the issuance of Russian sovereign debt, the State Department said in an emailed statement. The sanctions will take effect following the publication of a federal register notice on ...

Bloomberg Authorities in Thailand tightened security in Bangkok as they probed a series of small blasts that hit the city, injuring at least four people. Some of the explosions were caused by homemade bombs and the incidents could be linked, the police said. Blasts occurred at a government complex, a suburban road, below a downtown metro station and near an ...