International News

Bloomberg The risk of a second wave of the coronavirus hitting the European Union makes the speedy approval of the bloc’s 750 billion-euro ($844 billion) relief fund crucial to an economic rebound, Slovenia’s finance minister said. The impact of Covid-19 and the subsequent lockdowns that have sent the EU spiralling ...

Bloomberg Prime Minister Boris Johnson is preparing to begin phasing out the use of Huawei Technologies Co. equipment in the UK’s 5G telecommunications networks as soon as this year, reports said. A report from the National Cybersecurity Centre concluded that new US sanctions mean Huawei will have to use untrusted ...

Bloomberg German factory orders rose less than expected in May even after authorities loosened the coronavirus lockdown, highlighting how difficult it will be to repair the pandemic’s damage. Orders rose 10.4% in May, following a cumulative slump of more than 37% in previous two months. The economy ministry said that ...

Bloomberg European consumers are heading back to shops and restaurants with their pockets full of cash because of government support through the coronavirus pandemic. In the euro area, many people have more savings now than before the crisis hit, according to Bloomberg Economics. In the UK, where eateries reopened at ...

Bloomberg Britain’s car industry showed signs of improvement in June, spurred by the reopening of showrooms from lockdown measures designed to curtail the spread of Covid-19. Registrations last month totaled 145,377 vehicles, a drop of 35% compared with June 2019, the Society of Motor Manufacturers and Traders said in a ...

Bloomberg Argentina presented an improved debt offer to restructure $65 billion of foreign bonds in an attempt to reach a deal with its creditors after more than two months of stalled talks. The proposal seeks to reduce creditor losses on the bonds’ principal, increase coupons and shorten bond maturities, according ...

Bloomberg Alpan Lighting Products, Inc, a US manufacturer of solar lamps, is shifting production from China to Indonesia, joining droves of companies looking to escape higher tariffs triggered by the trade war with the US. PT CDS Asia, a unit of Alpan, will invest $14 million to build a factory ...

Bloomberg Hangzhou Wahaha Group Co, one of China’s biggest drink makers, is weighing an initial public offering that could raise more than $1 billion, according to people with knowledge of the matter. A listing could come as soon as next year, the people said, asking not to be identified as ...

Bloomberg Thailand’s plan to target high-spending foreigners to kick-start its travel sector has a green light after winning Cabinet approval and additional support from the nation’s aviation regulator. The Southeast Asian nation lifted on July 1 a near-total ban on foreign travellers. The majority of arrivals in the initial phase ...

Bloomberg Faked immigration records in the Philippines were used to throw off authorities seeking a former executive at Wirecard AG, who went missing after the German firm was implicated in an accounting scandal. Immigration records seemed to indicate that Wirecard’s former second-in-command Jan Marsalek passed through the Philippines late last ...