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Delta targets virus tests for all employees

Bloomberg A program with Quest Diagnostics and the Mayo Clinic will “test virtually all employees in the next four weeks,” Delta said in a statement, outlining one of the more ambitious plans in corporate America. The carrier also told employees it would introduce at-home testing in the viral hot spots of Florida and Texas, as well as for workers based ...

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Beijing takes over US Chengdu consulate after forced closure

Bloomberg Chinese authorities have taken over the US consulate in Chengdu following its closure, the latest historic milestone marking the deterioration in relations between Washington and Beijing. The US lowered its flag over the American consulate in the southwest Chinese city on Monday, less than three days after the US government forced their Chinese counterparts out of their mission in ...

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Trump posed risk to Britain, Steele tells Dossier trial

Bloomberg The former British spy who wrote the so-called Steele Dossier told a British court that US President Donald Trump may have posed a serious risk to UK national security. The information recorded in a pre-election memo into alleged Russian interference in the 2016 presidential election produced by his firm, Orbis Business Intelligence Ltd, “had important national security implications for ...

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Tanzania opposition leader to return home

Bloomberg Tanzanian opposition leader Tundu Lissu is set to return home to take part in presidential elections, three years after surviving an assassination attempt. The 52-year-old human-rights lawyer plans to run against John Magufuli, who’s seeking a second term after five years in power that critics say has been marred by a crackdown on civil liberties and political dissent. The ...

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Duterte pitches rebound proposal for Philippines

Bloomberg President Rodrigo Duterte pushed for corporate tax cuts and targeted support for pandemic-hit industries as part of a recovery plan, and told lawmakers on Monday he’d asked Chinese President Xi Jinping to help the Philippines get priority access to a Covid-19 vaccine. In his annual congressional address, Duterte also attacked the elite, while asking banks and property companies to ...

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Ukraine pushes for progress in east as ceasefire starts

Bloomberg Ukraine pushed for progress to end the conflict with Russian-backed separatists over its easternmost regions as the latest ceasefire took effect after dozens of unsuccessful attempts. President Volodymyr Zelenskiy won last year’s elections on a promise to end the war that has killed more than 13,000 people since it began with Russia’s 2014 annexation of Crimea and support for ...

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Spain races to save tourism after UK quarantine order

Bloomberg Spain’s tourism industry is at increasing risk of being shut down as countries across Europe seek to restrict visits to the Mediterranean nation, following an order by the British government to quarantine visitors. A steady increase in new infections in Spain last week pushed Boris Johnson’s government to order a 14-day quarantine for all visitors from Spain. Other European ...

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Wirecard rises after investors eye core business, US unit

Bloomberg Wirecard AG rose the most since June after it revealed that more than 130 investors are eyeing the company’s assets. Some 60 potential buyers have signed confidentiality agreements relating to the bidding for Wirecard’s North America unit, and 77 have done so for its core business of acquiring and issuing, the company’s insolvency administrator, Michael Jaffe, said in a ...

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AstraZeneca to pay Daiichi $6bn for new cancer drug

Bloomberg AstraZeneca Plc agreed to pay as much as $6 billion to buy into a promising medicine for lung and breast cancer in the second potential blockbuster oncology deal in two years with Japan’s Daiichi Sankyo Co. The UK drugmaker will pay Daiichi $1 billion upfront to jointly develop and bring to market a cancer therapy in early clinical tests ...

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German business expectations jump to highest level since 2018

Bloomberg German businesses are growing increasingly optimistic that government support at home and an unprecedented euro-area fiscal plan will bolster demand and drive an economic recovery later this year. Expectations at companies surveyed by the country’s Ifo institute improved to 97 in July from a revised 91.6 in June, the strongest reading since late 2018. The main business climate index ...

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