Lula’s jailhouse interview blocked by Brazil’s judge

Bloomberg A Brazilian Supreme Court judge has suspended a decision that allowed a newspaper to interview former head of state Luiz Inacio Lula da Silva, who yields tremendous influence over upcoming presidential elections despite being in prison. Luiz Fux’s ruling issued late Friday blocks a previous injunction from fellow Supreme Court Judge Ricardo Lewandowski that permitted Folha de S. Paulo ...

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Breach affected about 50mn accounts, says Facebook

Bloomberg Facebook Inc. said it discovered a security breach earlier this week that affected almost 50 million accounts the latest in a series of missteps that are undermining confidence in the company’s social network and business model. The social-media network said in a statement that it has fixed the breach, which allowed hackers to take over people’s accounts. Law enforcement ...

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Trade war with China could hurt travel to US, says Marriott CEO

Bloomberg President Donald Trump’s trade war with China could hurt tourism from that country to the US, and Chinese travellers are already starting to favor other destinations, such as Europe, according to Marriott International Inc. Chief Executive Officer Arne Sorenson. The trade battle has had “little” impact on Marriott’s business so far, Sorenson said in an interview on Bloomberg Television. ...

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‘US, Canada in weekend dash for Nafta agreement’

Bloomberg The Trump administration and Canada are making a renewed push to keep Nafta a trilateral accord, prompting the US and Mexico to postpone publishing a text of their two-way trade deal Friday, Mexican Economy Minister Ildefonso Guajardo said. Mexico earlier in the day said it was planning to release a more complete draft of its preliminary trade agreement with ...

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Return of US flu season brings worries about ‘replay’

Bloomberg US health officials are trying to increase the rate of flu vaccinations this year after a severe outbreak last season killed a record number of children and led to spot shortages of antiviral medications like Tamiflu. In a panel hosted by the National Foundation for Infectious Diseases and the Centers for Disease Control and Prevention in Washington, US Surgeon ...

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Cadillac’s comeback features a small SUV at $35,000

Bloomberg Here we go again. For at least the eighth time in two decades, General Motors Co. has a new brand chief vowing to reboot Cadillac, the once-storied luxury name that has been losing market share and prestige for years. GM promises a $12 billion parade of new models, with the perhaps most significant being a smaller, cheaper sport utility ...

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Volkswagen to connect cars through Microsoft cloud

Bloomberg Microsoft Corp. and Volkswagen AG are set to strike a deal to use the US software giant’s cloud technology to connect the auto manufacturer’s entire vehicle fleet as the world’s biggest carmaker steps up its transformation into digital and mobility services. VW will channel all of its digital offerings through Microsoft’s Azure software, creating the world’s largest automotive cloud ...

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Tesla employees to be ‘self-driving’ beta testers

Bloomberg Elon Musk has asked for Tesla Inc. employees to test what the company has billed as full self-driving capability and is dangling $13,000 in savings to entice them to help. Musk wrote in an email obtained by Bloomberg News that Tesla needed about 100 more employees to join an internal testing program linked to rolling out the full self-driving ...

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Autonomous vehicles: Being first to deliver isn’t fetching premium

Bloomberg In the race to build safe and affordable driverless vehicles, being first to deliver isn’t fetching a premium from investors. French startup Navya SAS would know: the first standalone self-driving company to be publicly traded has sold 15 of its autonomous vehicles that need no steering wheel, mirrors or pedals, and plans to start deliveries next year. It thinks ...

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KKR, Blackstone considers $3bn Shriram deal in India

Bloomberg KKR & Co. and Blackstone Group LP are among suitors that have expressed interest in acquiring a stake in Shriram Group, the Indian finance conglomerate backed by billionaire Ajay Piramal, people with knowledge of the matter said. The two private equity firms have each held preliminary talks in recent months about buying stakes in Chennai-based Shriram Group owned by ...

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