Bloomberg India’s coronavirus infections crossed the three-million mark as the outbreak accelerates through the world’s second-most populous country. Infections rose by more than 69,000 and now stand at 3,044,940, according to data released by health ministry on Sunday. About 56,706 people have died from the disease. India’s epidemic is one of the fastest-growing in the world with more than 65,000 ...
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Takeda to sell unit to Blackstone for $2.3b
Bloomberg Takeda Pharmaceutical Co agreed to sell its Japanese consumer healthcare business for 242 billion yen ($2.3 billion) to Blackstone Group Inc, which plans to take the over-the-counter medication unit public in about five years. For the drugmaker, the sale could represent one of the last big pieces of its plan to dispose $10 billion in assets after its $62 ...
Read More »Bali to remain closed to foreigners
Bloomberg The Indonesian island of Bali will remain closed to foreign visitors for the rest of 2020 after authorities postponed a plan to welcome back international tourists from September 11 as the coronavirus continues to spread. “The Indonesian government couldn’t reopen its doors to foreign travellers until the end of 2020 as we remain a red zone,†Bali Governor Wayan ...
Read More »Nintendo adds fresh $3b as Robinhood traders press play
Bloomberg Nintendo Co added another $3 billion in market value in Tokyo on Monday with retail investors on the Robinhood app cited as helping to further boost the game maker’s popularity. Nintendo has been one the strongest-performing blue-chip stocks in Japan this year, as the pandemic, together with the release of its smash-hit Animal Crossing: New Horizons game, helped boost ...
Read More »Belarus’ Lukashenko defiant as protests, strikes continue
Bloomberg Belarus President Alexander Lukashenko moved to crack down on opponents after more demonstrations against his 26-year rule brought tens of thousands of people to the streets of the capital and other cities over the weekend demanding his resignation. Police detained at least four anti-government activists, including organisers of strikes at some of the country’s largest factories and a politician ...
Read More »UN envoy: Libya’s truce promises to unlock peace talks
Bloomberg The ceasefire announced by Libyan rivals may finally unlock stalled talks to end a civil war which had shut oil fields and drawn in foreign militaries, according to the United Nations envoy leading peace efforts. Reciprocal calls to stop the fighting and resume oil production were welcomed by nations backing opposing sides in the conflict but there’s still work ...
Read More »Trump seeks revival as virus undercuts second-term bid
Bloomberg Donald Trump’s re-nomination for president this week was supposed to be the celebration of what he considers a storybook political career. With a booming US economy at his back, the president would bask in the adulation of thousands of supporters at the Republican National Convention in Charlotte, North Carolina, as he contemplated a glide path to re-election. But that ...
Read More »West Africa leaders soften stance on return of Malian president: Official
Bloomberg West African leaders may no longer push for Malian President Ibrahim Boubacar Keita to be restored to office after a first phase of talks with the military junta that has taken control of the country, an official said. The softened stance comes after envoys from the Economic Community of West African States met junta leaders at the weekend to ...
Read More »UK PM urges parents to send children to school
Bloomberg UK Prime Minister Boris Johnson urged parents to send their children back to school when they reopen in England next week, amid growing concern among some teachers and union officials that it’s not safe to do so. “Now is the time to get pupils back into school, give them the chances they need to build the necessary bedrock for ...
Read More »RBI sends signal to traders that bond yields may head higher
Bloomberg Traders of India’s bonds were unnerved after the central bank cued that rising yields are here to stay by offering surprisingly high borrowing costs at a debt sale. The Reserve Bank of India (RBI) sold a 30-year bond at a cutoff yield of 6.75%, versus the 6.65% estimated in a Bloomberg survey. The central bank, which acts on behalf ...
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