Bloomberg Rishi Sunak should extend wage support for UK workers in the hardest-hit sectors, lawmakers said amid warnings from economists, labour unions and opposition parties about a looming wave of job cuts. The chancellor of the exchequer must also devise a plan to help companies that plunged into debt as a result of the coronavirus pandemic, or risk prolonging the ...

Bloomberg Spain will seek to tax all companies that operate telecommunications services, such as calls and instant messaging, according to Telecommunications Secretary Roberto Sanchez. Under a new law proposed by the government, “all operators who provide telecommunication services without having to provide phone numbers, such as WhatsApp” and Telegram would have to register as telecommunications operators and would be taxed ...

Bloomberg Canadian household indebtedness improved in the first half of 2020 as government support kept incomes afloat amid the pandemic. Household credit market debt dropped to 158.2% of disposable income in the second quarter, from 175.4% previously, Statistics Canada said in Ottawa. That’s due to an 11% increase in household disposable income, while stock of credit market debt remained relatively ...

Bloomberg Insurers battered by coronavirus are about to find out how much worse the damage could get. A London court is set to rule on Tuesday in a case involving about 370,000 policyholders, companies including Zurich Insurance Group AG and Hiscox Ltd. and potentially billions of pounds of claims. The UK markets watchdog brought the case after small businesses struggled ...

Bloomberg A good decade after Nokia Oyj’s mobile-phone business suffered a fatal blow at the hands of the iPhone, the Finnish company is still feeding off a lucrative asset that it salvaged from the wreckage. Nokia retained a catalogue of thousands of wireless communications patents that is steadily growing thanks to a thriving research operation. Now an attempt to change ...

Bloomberg Tesla Inc. plans to ship cars made at its Shanghai factory to other countries in Asia and Europe, according to people familiar with the matter, shifting its strategy for the plant to largely focus on supplying the local market. China-built Model 3s for delivery outside the country likely will start mass production in the fourth quarter, the people said, ...

Bloomberg TikTok is pressing forward with plans for a sale of its US operations ahead of a mid-September deadline, according to a person familiar with the matter, even as signs emerge that the video-sharing app is facing pressure to shut down rather than make a deal. The app, owned by China’s ByteDance Ltd., is still considering bids from two possible ...

Bloomberg In the geographic heart of the tech industry, it was hard to think of anything except the orange skies, dark and tinted by wildfire smoke. The image software on iPhones failed to capture the dystopian hue, or the feeling of being surrounded by it. Silicon Valley workers tweeted that it felt like night time, or a perpetual sunset, or ...

Bloomberg Alphabet Inc’s Google unit walked away from a plan to rent space in Dublin for as many 2,000 workers, shelving one of the city’s biggest real-estate deals in recent years. Google had been in talks to rent about 202,000 square feet (18,766 square meters) of space at the Sorting Office, close to the Irish capital’s south quays, adding to ...

ISLAMABAD / WAM Upon the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and with the support of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and the monitoring of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of ...