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Bloomberg After a long wait for the first round of trade talks between the US and Japan, discussions will now take place at an accelerated pace to reach a deal quickly, according to Japan’s chief negotiator. The first talks focussed on agriculture and cars, with digital trade set to be discussed at a later date, Japan’s economy minister Toshimitsu Motegi ...

Bloomberg Property developers that focus on smaller cities in China are set to be the beneficiaries of a reform that could encourage 100 million rural citizens to move to urban areas. Policy makers said cities with an urban population of 1 million to 3 million should scrap the residency registration system this year, a move that is seen boosting housing ...

Bloomberg Google and Apple Inc complied with an Indian court order to block downloads of the popular app TikTok over government concerns with illicit content, according to people familiar with the decision. The move could handicap the app’s owner, China’s Bytedance Ltd, the world’s most highly valued startup, in one of its most promising markets. An Indian state court had ...

Bloomberg India’s unemployment rate has doubled in the eight years to 2018 with the higher educated and younger population accounting for the most without jobs, a new research by a privately run university shows. After remaining at about 2 to 3 percent during the decade to 2011, the unemployment rate in India has increased to more than 6 percent in ...

Bloomberg Apple Inc. and Qualcomm Inc. agreed to end a two-year legal battle over billions of dollars of technology licensing fees that threatened the chipmaker’s most profitable line of business. Apple will make a one-time payment to Qualcomm, and the two reached a multiyear agreement whereby Qualcomm will supply chips and license its technology to the iPhone maker in exchange ...

Bloomberg International Business Machines Corp. (IBM) reported a decline in revenue from the cloud-computing, artificial intelligence and cognitive software unit that the company is hanging its future on. IBM reported a 2 percent drop, to $5.0 billion, in sales from cloud and cognitive software, in the three months ended March 31. Cloud revenue alone grew 10 percent over the last ...

Bloomberg The debate over whether the World Trade Organization (WTO) has the authority to rule on disputes involving countries’ national security was put to rest, setting up a battle with the US, which has asserted the Geneva-based body doesn’t have the standing to make such decisions. Russia and Ukraine said they won’t appeal a landmark trade decision in which the ...

Bloomberg The German economy is turning into Europe’s underperformer, with the government now predicting 2019 will see the weakest expansion in six years. Amid slowing global momentum and concerns over Brexit and trade disputes, the economy ministry on Wednesday cut its estimate to 0.5 percent, half the pace previously forecast. It’s the latest in a series of downward revisions from ...

Bloomberg As fears grow that T-Mobile US Inc.’s Sprint Corp. merger will be quashed by regulators, Chief Executive Officer John Legere is leading a personal crusade to rescue the deal. The CEO, known for his straggly hair, magenta T-shirts and Twitter antics, has made frequent trips to Washington since the proposed combination was announced in April of 2018. And he’s ...

Bloomberg Indonesian President Joko Widodo was poised to win another term running the world’s largest Muslim-majority country, even as opponent Prabowo Subianto signalled he would challenge the outcome. Six top private polling agencies had Widodo, known as Jokowi, ahead of the former general by at least seven percentage points with about 90 percent of the vote counted. While election authorities ...