Bloomberg Nigerian doctors suspended a nationwide strike to continue talks with the government over a lack of protective equipment needed to treat Covid-19 patients and other benefits. The medical officers decided to return to work after an intervention from government officials, the Nigerian Association of Resident Doctors said in emailed statement on Monday. The group will “continue negotiations with stakeholders ...

Bloomberg Italian Prime Minister Giuseppe Conte said his government would likely seek a wider budget gap as he draws up an ambitious reform plan to lobby for European Union (EU) assistance to restart the economy. The government will focus on infrastructure projects including high-speed railways and may approve a value-added tax cut to stem the coronavirus’s impact on the euro-zone’s ...

Bloomberg Wirecard AG was left fighting for survival after acknowledging that 1.9 billion euros ($2.1 billion) that it had reported as assets probably don’t exist, deepening an accounting scandal that has rattled Germany’s financial industry. The payments processor said it’s in discussions with creditors and considering a full-scale restructuring after pulling its financial results for fiscal 2019 and the first ...

Bloomberg Germany is set to underline the need to combine the European Union’s (EU) economic recovery with measures to tackle climate change, ahead of it assuming the bloc’s presidency. EU environment ministers will discuss on Tuesday how the bloc’s Green Deal plan to reach climate neutrality in 2050 can help the economy rebound from the coronavirus crisis. Germany will present its ...

Bloomberg Danish lawmakers have struck a climate agreement to ensure their country can live up to a goal of cutting carbon emissions by 70% from 1990 levels over the coming decade. The deal, after winning broad backing across party lines, means Denmark will commit to cutting carbon emissions by 3.4 million tonnes. Lawmakers also agreed to build the world’s first ...

Bloomberg Facebook Inc. is considering taking over Neiman Marcus’ retail space at Hudson Yards in Manhattan, Women’s Wear Daily reported, citing a person familiar with the matter it didn’t identify. The operator of high-end department stores filed Chapter 11 bankruptcy on May 7, which would allow it to back out of its 188,000-square-foot store lease free of penalties. If Facebook ...

Bloomberg Sweden’s once battered credit market is finding relief in an unexpected place. As firms and governments try to recover, they’re selling more debt earmarked for ethical and social projects than ever before. That issuance has provided a lifeline to a market that suffered one of the worst crashes in its history just a few months ago. Anna Reuterskiold, a ...

Bloomberg European stocks pared losses and US equity futures rallied as investors bet that the economic recovery will keep going, even as virus infection rates rise. Gold approached the highest since 2012, while Treasuries and the dollar were little changed. Retail stocks climbed, limiting losses in the Stoxx Europe 600 Index. Wirecard AG shares were in freefall again as the ...

Bloomberg Indian stocks rose as they entered their final full week of trading for the quarter, as investors weighed the reopening of the economy against a rising number of novel coronavirus infections in rural areas. The S&P BSE Sensex added 0.9% to 35,038.49 as of 10:22 am in Mumbai, while the NSE Nifty 50 Index advanced 1%. While volatility may ...

Bloomberg Investors should be more selective in the next six months as asset returns are likely to diverge because liquidity “cannot paper over specific weaknesses indefinitely,” according to JPMorgan Chase & Co. An “indiscriminate approach” to a portfolio would largely have worked in April and May, when most financial assets rallied — a typical result at a turning point in ...