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Bloomberg Samsung Electronics Co. opened the world’s largest mobile phone factory in India, in a win for PM Narendra Modi’s flagship programme to lure investors to manufacture in the South Asian nation. The factory was inaugurated by Modi and South Korean President Moon Jae-in during their visit to the facility located at the outskirts of Delhi. This will double Samsung’s ...

Bloomberg China will reimburse the buyer for the cost of the 25 percent tariff on soybean imports from the US if the cargoes are for state reserves, according to people familiar with the matter. Extra duties were applied to a range of US farm products from July 6 in retaliation for President Donald Trump’s tariffs on $34 billion of Chinese ...

Bloomberg Alibaba Group Holding Ltd. is in talks with BT Group Plc about a cloud services partnership as the Chinese internet giant challenges Amazon.com Inc.’s dominance in Europe. An agreement between Alibaba and the IT consulting unit of Britain’s former phone monopoly could be similar to Alibaba’s existing arrangement with Vodafone Group Plc in Germany, according to a person familiar ...

Bloomberg A fierce typhoon is headed in the direction of Taiwan, spurring warnings over extreme weather that risks shuttering schools, businesses and the stock exchange. Super Typhoon Maria could bring strong winds and heavy rains to northern and central Taiwan in the coming days, Central Weather Bureau specialist Judy Wuu said. Taipei, the political and business capital, is on the ...

Bloomberg Nissan Motor Co., the Japanese carmaker that was embroiled in a vehicle-inspection scandal last year, said it uncovered some instances of misconduct involving falsified data about exhaust emissions and fuel economy. The data falsification, which occurred on 19 models across five plants in Japan, was found out when the company was carrying out an internal check about employees conducting ...

Bloomberg US Secretary of State Mike Pompeo went to Pyongyang to get Kim Jong-un to give up his nuclear weapons. He left with a harsh reminder that the North Korean leader expects something in return. While President Donald Trump’s point man for nuclear talks summed up his 27 hours in the North Korean capital as “productive,” the regime called the ...

Bloomberg An influx of Western observers is giving Zimbabweans some hope that this month’s elections won’t be a repeat of the tainted contests held during former President Robert Mugabe’s 37-year rule. While Zimbabwe’s past three elections were marred by allegations of rigging, violence and intimidation, new President Emmerson Mnangagwa has welcomed the return of monitors from Western nations whose governments ...

Bloomberg The European Commission’s threat to sue Poland over a judicial overhaul “won’t break” the government’s determination to push through changes that have drawn international condemnation and sparked street protests, the head of the ruling party said. Law & Justice leader Jaroslaw Kaczynski has pushed back against European Union officials’ efforts to halt what they say is a threat to ...

Bloomberg Former Pakistani PM Nawaz Sharif will return to the country from London on July 13 to face a 10-year jail sentence handed down by an anti-corruption court, which convicted him for not declaring assets. Sharif will reach Lahore, his home town and political stronghold, his daughter Maryam, said in a Twitter post. Maryam, who will also return to Pakistan ...

Bloomberg Ethiopia and Eritrea signed a declaration of peace and agreed to reestablish key economic links after an unprecedented summit between the Horn of Africa nations’ leaders that marked the end of almost two decades of strife. The announcements by an Eritrean official and the Ethiopian state-owned broadcaster Fana followed Prime Minister Abiy Ahmed’s visit to the Eritrean capital, Asmara, ...