Bloomberg A landslide at a jade mining site in Myanmar has left 126 people dead with heavy rains forcing authorities to pause search and rescue efforts. The deceased were mostly small-time miners collecting stones at old mining sites in Hpakant town in northern Kachin state. They were buried by mud after heavy rains led to the collapse of a quarry, ...

Bloomberg Countries including Britain, Germany and Switzerland sought to allay concerns that they won’t have sufficient stocks of Gilead Sciences Inc’s remdesivir, one of two drugs shown to treat Covid-19, after the US forged a deal to snap up almost all the supplies for three months. The UK worked with Gilead in May to secure remdesivir in advance and has ...

Bloomberg China on Thursday warned of strong countermeasures if the US, Australia and the UK continued taking actions in response to Beijing’s tough national security law in Hong Kong, saying foreign pressure would “never succeed.” Chinese Foreign Ministry spokesman Zhao Lijian said China “deplores and firmly opposes” the US House of Representatives’ unanimous passing of a bill that would level ...

Bloomberg Scotland’s nationalists are reviving their debate over how to push for another independence vote amid growing tension with the government in London over everything from the handling of the coronavirus pandemic to how to pay for the recovery. Two prominent Scottish National Party members of the UK Parliament called on the semi-autonomous administration in Edinburgh to explore how to ...

Bloomberg The world needs more than one vaccine to tackle the new coronavirus, even as pharma companies race to be the first with a pandemic shot, said US infectious-disease expert Anthony Fauci. “I’d love to see more than one vaccine get to the goal line, as it were,” Fauci, director of the US National Institute of Allergy and Infectious Diseases, ...

Bloomberg The UK’s Competition and Markets Authority (CMA) called for sweeping new powers to roll back the dominance of Google and Facebook Inc. in the online-advertising market, a move designed to push global regulators to be more aggressive against the tech giants. The watchdog said a new regime should have the ability to respond far more quickly to digital monopolies ...

Bloomberg Bankrupt Hertz Global Holdings Inc. and its bondholders are squaring off over how to shrink its nearly half-a-million vehicle fleet. Market watchers say the outcome could upend the multi-billion dollar lease-backed ABS industry. The cars are housed in an entity linked to Hertz’s asset-backed securities and leased to the rental giant. Normally, when a company with ABS files for ...

Bloomberg The World Bank projects the recession in Latin America and the Caribbean will be the worst downturn since reliable data began in 1901, setting back progress on fighting inequality and poverty. The development institution expects a gross domestic product (GDP) contraction of more than 7% for 2020, making it worse than any crisis of the past century, including the ...

Bloomberg Rental e-scooters will become legal on UK roads from July 4 after the government published the rules companies must follow to deploy the electric vehicles. Large-scale trials can start at the weekend and last for a year, the Department for Transport said in a statement. It will closely monitor activity and public feedback with a view to fully legalising ...

Bloomberg Consulting firm Accenture is cutting up to 900 jobs, or 8% of its UK workforce, as the coronavirus pandemic prompted a sharp slump in demand for its advisory work. Between 700 and 900 jobs will be affected by the planned cuts, an Accenture spokesman said Thursday in an email. The company has notified staff and plans “collective consultation” for ...