Bloomberg Facebook Inc. users asked a judge to approve a $550 million settlement in their class-action lawsuit that claimed the social-media giant illegally gathered biometric data through a photo-tagging tool. The class members will get from $150 to $300, or between 15% and 30% of the possible recovery on an individual claim, according to their lawyers. The settlement provides “excellent ...

Bloomberg Automakers won’t have to recall roughly 56 million more air bag inflators made by the now-defunct Takata Corp., the US National Highway Traffic Safety Administration (NHTSA) said, citing industry test data the agency said showed the parts won’t pose danger. The agency and an industry group will monitor safety of those Takata air bag inflators, which contain a moisture-absorbing ...

Bloomberg Honda Motor Co. will resume operations at its vehicle and auto-parts factories in the US and Canada starting on May 11, joining a caravan of other carmakers restarting North American production this month for the first time since mid-March. The Japanese automaker said it will gradually ramp up output and stagger its reopening to allow workers to get used ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Julius Maada Bio of Sierra Leone, have discussed bilateral relations, the global Covid-19 crisis and ways to contain the pandemic’s repercussions at various levels. In a telephone call, the leaders addressed the ...

Bloomberg Top Chinese and US trade negotiators will speak as soon as next week on progress in implementing a phase-one deal after President Donald Trump threatened to “terminate” the agreement if Beijing wasn’t adhering to the terms. Chinese Vice Premier Liu He will be on the call, according to people familiar with the matter. The US will be represented by ...

Bloomberg UK house prices may fall 16% because of the economic upheaval caused by the coronavirus, according to a desktop stress test by the Bank of England (BOE). That decline would be in line with the fall in residential property values during the financial crisis, though the central bank says that banks would not suffer “very material losses in the ...

Bloomberg European stocks climbed alongside US equity futures on Thursday and Asian shares mostly fell as investors sift the latest company earnings and brace for more data that will show the extent of the fallout from the coronavirus. The pound edged higher after a rate decision. The Stoxx Europe 600 Index opened in the green as most national gauges and ...

Bloomberg Hong Kong Exchanges & Clearing Ltd. (HKEX) Chief Executive Officer Charles Li said he’s stepping down after 10 years, adding his departure to the rising challenges for the bourse at a turbulent time for the financial hub. The 59-year-old will continue to lead the exchange until his contract expires in October next year, or leave earlier if a replacement ...

Bloomberg Oil’s rally resumed — after prices doubled over five days — amid optimism that output cuts are easing a huge supply glut and demand losses have bottomed. Futures in New York rose above $25 a barrel after earlier breaking above their 50-day moving average for the first time since January. Russian oil production was down 16% in the first ...

Bloomberg China’s leaders are considering the option of not setting a numerical target for economic growth this year given the uncertainty caused by the global coronavirus pandemic. What may instead be unveiled at upcoming National People’s Congress later this month is a description of goal for gross domestic product growth, one of the people said. Last year target was a ...