World

TSMC’s dismal outlook muddies iPhone demand

By BLOOMBERG
TAIPEI • Taiwan Semiconductor Manufacturing Co (TSMC) forecast quarterly revenue sharply below projections, underscoring the deepening ...

MIT, Stanford academics design cryptocurrency to better bitcoin

By BLOOMBERG
LONDON • Some of the brightest minds in America are pooling their brain power to create a cryptocurrency that’s designed to do what ...

Deutsche Bank starts new probe into Danske

By BLOOMBERG
FRANKFURT • Deutsche Bank AG CEO Christian Sewing last year launched a further internal investigation into the lender’s role as ...

London, NYC, HK no longer immune to the housing slump

By BLOOMBERG
NEW YORK • In the years since the financial crisis, global cities like London, Hong Kong and New York (NYC) appeared to defy ...

Australian towns among hottest spots on Earth as heatwave sizzles

By AFP
SYDNEY • Australian towns were among the hottest places on Earth this week as a severe heatwave hit the continent’s southeast, with forecasters ...

Reckitt Benckiser CEO Kapoor to leave

The move comes after shareholders punish the firm for a series of  setbacks, cutting stock price from a 2015 peak
By BLOOMBERG ...

One reason why Hong Kong’s property mart won’t collapse

HONG KONG • A Downtown 38 show flat on display in Hong Kong’s APM Millennium City shopping mall had a queue snaking out the door and around the corner on ...

‘Cracks’ seen in UAE banks on rising bad loans

DUBAI • Cracks are starting to show in the United Arab Emirates’ (UAE) banking sector as a property and retail slump take its toll on lenders.
One of ...

Rare Singapore hotel site gets record bid after curbs

SINGAPORE • A rare plot of land that’s zoned for a hotel near Singapore’s central business district has attracted a record bid as developers shift focus ...

Renault board ready to oust Ghosn as chairman, CEO

By BLOOMBERG
PARIS • Carlos Ghosn is on the verge of losing his final tether to power, with Renault SA said to be laying plans to remove him as its ...

Theresa May’s humbling offers a glimmer of hope

By THERESE RAPHAEL / Pic By BLOOMBERG
It was certainly a historic defeat for the British government. But, while it was called a “meaningful vote”, ...

UK drags Europe’s car market to 1st fall since 2013

By BLOOMBERG
MUNICH • Annual car sales in Europe dropped for the first time since 2013, led by a sagging UK market where concerns over Brexit turned ...