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Bloomberg The unified European approach to resolving tensions in the Persian Gulf showed signs of strain, with senior German officials warning that the UK may be drifting closer to an American-led operation that had previously been rebuffed by governments in Paris and London. While Germany stands by its resistance to use military forces to protect shipping in the region, Boris ...

Bloomberg China and the US plan to meet again in September to extend trade talks, as the latest round of negotiations in Shanghai ended with signs the sides discussed Chinese purchases of American farm products — a key demand of President Donald Trump. US delegates including Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer wrapped up talks with their ...

Bloomberg India’s Energy Efficiency Services Ltd, responsible for replacing the state’s vehicles with new-energy cars, is seeking to lease electric vehicles to cab companies amid delays integrating them into government fleets. EESL has made offers to lease EVs to Ola Cabs, a Softbank Group Corp-backed ride-hailing service, and Indian taxi firm Meru Cabs, and plans to reach out as well ...

Bloomberg Japan plans to press ahead with its plan to remove South Korea from a list of trusted export destinations, rebuffing a public effort by the US to calm rising tensions between its two key East Asian allies. “This is a change in the management of exports that’s necessary for national security,” government spokesman Yoshihide Suga told reporters in Tokyo. ...

Bloomberg Hong Kong suffered a day of tempestuous weather, grim economic news and signs that the city’s political crisis is deepening. Gross domestic product contracted 0.3 percent from the previous quarter, while growth on a year-ago basis remained at 0.6 percent, according to data. Both results were well below the estimates of economists surveyed by Bloomberg. Hong Kong’s trade-dependent economy ...

Bloomberg VG Siddhartha, the founder of India’s biggest coffee chain, has been confirmed dead days after he purportedly wrote a letter indicating he was anxious about pressure from banks, investors and the tax authorities. Siddhartha told his driver he was going for a walk, near a bridge close to the southern Indian city of Mangaluru. He was reported missing after ...

For much of the past two and a half years, the UK has had the luxury of negotiating the terms of its departure from the European Union under little pressure from the financial markets. The new prime minister Boris Johnson could soon come to pine for those calmer days. Sterling fell by more than 1.3 percent to $1.22, hitting its ...

German courts, regulators and legislators are deeply suspicious of Big Tech’s business practices. Yet it’s hard to shake the feeling that, when they intervene to fix them, they only skim the surface of what’s wrong with the internet majors. That’s not necessarily wrong, either. Take, for example, Facebook’s practice of collecting data from third-party websites that have embedded the social ...

Tesla Inc. refers to its most head-snapping level of acceleration as “ludicrous” mode. What the company needs, though, is escape velocity. And what it needs to escape are its operating costs. The company didn’t manage to turn a profit despite record vehicle deliveries in its last quarter. As cheaper Model 3s account for a bigger proportion of sales, bringing down ...

European nations, alarmed by Iran’s capture of a British oil tanker, are mounting a response to protect their commercial shipping in the Strait of Hormuz and Persian Gulf. The Royal Navy has started to escort British ships, and a plan for a European naval mission has been endorsed by Denmark, France and Italy. It’s a promising start. But effectively curbing ...