South Korean president to visit China in December

Bloomberg South Korean President Moon Jae-in will visit China for a summit in December, his office said, with tensions over North Korea’s nuclear weapons programme high on the agenda. The agreement was disclosed as Moon and Chinese President Xi Jinping met on the sidelines of the Asia-Pacific Economic Cooperation summit in Danang, Vietnam. In a sign that tensions remain between ...

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United Airlines halts flights to Delhi on poor air quality

Bloomberg United Airlines temporarily suspended Newark-New Delhi flights due to poor air quality in India’s capital, and said some extra charges will be waived for passengers forced to reschedule. “We are monitoring advisories as the region remains under a public health emergency, and are coordinating with respective government agencies,” a United Airlines spokesperson said in response to a Bloomberg query. ...

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Chinese Uber-for-trucks apps in talks to merge

Bloomberg Huochebang and Yunmanman, the two biggest apps for Uber-like truck services in China, are in talks to merge, people familiar with the matter said. Wang Gang, a backer of Yunmanman and an angel investor in ride-hailing giant Didi Chuxing, is the top candidate to become chief executive officer if the companies merge, the people said, asking not to be ...

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For India’s jewellers, business yet to recover from slump

Bloomberg For jewellers in the world’s second-largest gold market, business is yet to recover from the slump that followed India’s decision to ban high-value currency notes a year ago. Ask Bachhraj Bamalwa, who has spent four decades in the industry. As PM Narendra Modi prepared to address the nation last November to announce demonetisation, Bamalwa was busy wrapping up a ...

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Companies suffer as EU delays M&A approval

Bloomberg If time is money, big M&A is getting a lot costlier in the European Union thanks to a tactic increasingly deployed by the bloc’s merger watchdogs in Brussels. Bayer AG’s bid for Monsanto Co is just one of a growing number of deals stalled by regulators stopping the clock more than once during strictly timetabled in-depth investigations to demand ...

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Greece’s two biggest projects worth $12.8bn stall

Bloomberg Two of Greece’s biggest projects—together valued at about $12.8 billion— have stalled on bureaucratic and legal wranglings, raising questions about the country’s ability to draw investments it desperately needs for an economic recovery. Lamda Development, which is managing the Hellinikon site, the biggest real estate investment in country, said that Greece’s efforts to go back on terms already agreed ...

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UK environment secretary promises green Brexit

Bloomberg The UK government plans to create an independent environmental standards watchdog for England after Brexit, according to Environment Secretary Michael Gove. A consultation on the powers and scope of the body will be started early next year, the Department for Environment, Food & Rural Affairs said. With policies set out in full only in the EU treaties, environmental decisions ...

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Apple to ramp up work on augmented reality headset

Bloomberg Apple Inc., seeking a breakthrough product to succeed the iPhone, aims to have technology ready for an augmented-reality headset in 2019 and could ship a product as early as 2020. Unlike the current generation of virtual reality headsets that use a smartphone as the engine and screen, Apple’s device will have its own display and run on a new ...

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Russia meddling: Trump backs intelligence agencies

Bloomberg US President Donald Trump once again waded into the controversy of whether he thinks Russia meddled in last year’s election, saying on Sunday that he believes “very much in our intelligence agencies.” A day earlier, the US leader said that Vladimir Putin believed he didn’t interfere, prompting questions about whether Trump actually took the Russian president at his word. ...

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