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Bloomberg London is the best-performing city in Europe, according to the Milken Institute. Inner London-East including the Canary Wharf financial district topped the ranking published by the Santa Monica, California-based think tank on Monday. The area beat out competition from Stockholm and Budapest, in second and third-place respectively, because of its skilled global workforce, dynamic economy and “flourishing” information and ...

Bloomberg General Motors Co. plans to have its self-driving cars ready for a ride-share service within two years as the automaker looks beyond traditional car ownership for new tech-driven sources of revenue. After spending more than a year putting the pieces in place to launch a robotaxi business, GM said it expects to have a fleet of self-driving cars in ...

Bloomberg Xiaomi Corp., the Chinese smartphone maker that was once the most valuable startup in the world, is in talks with investment banks about a possible initial public offering and seeking a valuation of at least $50 billion, according to people familiar with the matter. The Beijing-based company is considering an offering as soon as next year with banks suggesting ...

Bloomberg Fiat Chrysler Automobiles revealed that it’s in talks with South Korea’s Hyundai Motor Co. about a partnership to develop hydrogen engines. The alliance, which would also cover transmissions, could become “a strong one,” Fiat Chrysler Chief Executive Officer Sergio Marchionne said. “We welcome the interest from other automakers in our advanced transmissions and hydrogen-powered technologies,” Hyundai said on Monday. ...

Bloomberg Salil Parekh overcame long odds to become Infosys Ltd.’s choice for its next chief executive officer. He now faces at least as challenging a task in getting the iconic Indian outsourcing company back on track. The low-key, 53-year-old from Capgemini SE was named to the helm of Infosys, beating out a field of internal candidates and former executives who ...

Bloomberg From iron ore to baby formula, electronic parts, China is buying everything you can think of, and that will soon make the world’s biggest exporter the top importer in the next few years. China already takes more imports that the US does from Asia, Africa, Oceania, South America and Eastern Europe, and it will likely snatch the No1 importer ...

Bloomberg A public-relations firm became the latest company to ask an Indian tribunal to place billionaire Anil Ambani-run Reliance Communications Ltd. under insolvency proceedings after the unprofitable mobile-phone operator failed to pay its dues. Fortuna Public Relations Pvt. placed its request with the Mumbai bench of National Company Law Tribunal on Monday, saying Reliance Communications owes it $67,000. The NCLT ...

Reuters Yemen’s steely former president of 33 years, Ali Abdullah Saleh, made his last political gamble and lost on Monday, meeting his death at the hands of the Houthi movement, his erstwhile allies in the country’s multi-sided civil war. Officials in his General People’s Congress party (GPC) confirmed to Reuters that the 75-year-old Saleh had been killed outside the capital ...

Bloomberg The US and South Korea on Monday began a five-day joint air exercise on the Korean peninsula involving 230 aircraft and 12,000 American troops, in what North Korea has dubbed the largest-ever joint aerial drill. North Korea, which last week launched a new type of intercontinental ballistic missile, said ahead of the Vigilant Ace 18 drills that it would ...

Bloomberg The signatures of almost 300 foreign political leaders on a document praising Chinese President Xi Jinping’s contribution to world peace has provided him valuable ammunition to counter arguments by those who fear the country’s rising international clout. The so-called Beijing Initiative was signed at the end of a four-day Communist Party gathering that brought together hundreds of political representatives, ...