International News

Bloomberg The UK is launching a consultation on its post-Brexit subsidies system, which the government has hailed as a “significant milestone” in the country’s future outside the European Union (EU). The new UK-wide “subsidy control system” will replace the EU’s state aid regime, which was a major stumbling block in ...

Bloomberg Nestle SA is in talks to sell its US bottled-water business to private equity firm One Rock Capital Partners, according to a person familiar with the matter. The deal could fetch more than $4 billion and be announced as soon as this month, the person said, asking not to ...

Bloomberg Regions of the UK powered by a combination of nuclear and wind are already hitting 2030 climate targets, according to an industry report. Britain has pledged the deepest cuts in greenhouse gas emissions in the Group of 20 nations to put the UK at the vanguard of the fight ...

Bloomberg India unveiled a spending plan of almost $500 billion as the government of Prime Minister Narendra Modi seeks to dig Asia’s third-largest economy out of its pandemic-induced slump. His government’s plan relies on taxes, including higher levies on some imports to boost self-reliance, selling state assets and dividend income ...

Bloomberg Indonesia will receive as many as 23.1 million doses of the AstraZeneca Plc vaccine in the first half, boosting the government’s inoculation efforts as Covid-19 cases and deaths continue to rise by record numbers. The Southeast Asian nation will get the shots of the AstraZeneca vaccine through the World ...

Bloomberg International companies operating in Asia are considering leaving Hong Kong out of legal contracts amid concerns about China’s growing control, the Financial Times reported, citing people it didn’t identify. Lawyers in the region have received a surge of queries from clients about excluding Hong Kong from governing law and ...

Bloomberg Hong Kong insurance giant AIA Group and China Strategic Holdings, an investment firm backed by billionaire Henry Cheng, are among final bidders for Bank of East Asia (BEA)’s life insurance unit, according to people with knowledge of the matter. The companies have submitted binding bids for the asset, proceeding ...

Bloomberg Factory activity across much of Asia continued to hold up in January even as China’s output showed signs of moderating. Taiwan’s IHS Markit January manufacturing purchasing mangers’ index rose to 60.2 from 59.4 in December, its highest reading since April 2010. South Korea’s rose to 53.2 from 52.9, the ...

Bloomberg China’s efforts to control a recent resurgence of Covid-19 are undercutting a recovery that’s been one of the bright spots in the global economy. Travel has collapsed ahead of the Lunar New Year holidays after recent lockdowns were imposed in northern China to curb outbreaks and the government took ...

Bloomberg The European Union (EU) is seeking to overturn Apple Inc.’s victory in a 13 billion-euro ($15.8 billion) tax dispute, saying judges used “contradictory reasoning” when they found that the company’s Irish units weren’t liable for huge payments. A summary of the appeal published on Monday shows the EU’s determination ...