Bloomberg Tokyo saw a spike in coronavirus cases with 34 new infections confirmed on Tuesday, the most in a single day in more than three weeks, with the local government reportedly planning to issue an alert to residents to exercise extra caution. The step could lead to businesses in the capital again being asked to close their doors if a ...

Bloomberg Boris Johnson plans to re-set his government’s agenda with a major speech and a financial statement to prepare the UK for the new reality after the coronavirus pandemic. Amid forecasts of the worst recession in 300 years, Chancellor of the Exchequer Rishi Sunak is drawing up options to bolster the economy after the government withdraws its vast package of ...

Bloomberg Argentina’s most recent debt restructuring proposal would restore debt sustainability and there’s little room to further increase payments to private creditors, according to the International Monetary Fund (IMF). “There is only limited scope to increase payments to private creditors and still meet the debt and debt service thresholds,” the IMF said in a two-page statement published. “Argentine authorities’ revised ...

Bloomberg Companies in Germany used government support to compensate lost wages for a record 7.3 million employees in May, according to the Ifo Institute. A state scheme designed to prevent widespread dismissals initially saw applications for more than 10 million workers in March and April. As companies fought to survive the economic fallout from the pandemic, 72% of their staff ...

Bloomberg France will push on with tax-cut plans and broad economic overhauls to help the country rebound from a recession that will be deeper than previously anticipated, Finance Minister Bruno Le Maire said. The economy will shrink 11% this year, more than the 8% previously predicted. Le Maire said that means France must continue with emergency support and pro-business reforms, ...

Bloomberg Pandora A/S, which makes more pieces of jewellery than any other company in the world, will stop relying on newly mined gold and silver and instead use only recycled precious metals. The new policy, which takes effect in 2025, will help the Copenhagen-based company beef up its climate credentials and make it a more appealing target for investors eager ...

Bloomberg The number of Spaniards filing for jobless claims rose in May at a much slower pace than the previous two months, a sign that businesses are getting back to work as Spain gradually lifts its strict lockdown measures. Claims rose by 26,573, the Labour Ministry said on Tuesday. But some sectors saw an increase in hiring, including construction, and ...

Bloomberg Stocks rose in Europe and Asia and US equity futures edged higher as investors weighed positive signs on stimulus and the global economy against worsening social unrest in America. Oil advanced. The Stoxx Europe 600 Index opened in the green, with the DAX pacing gains as German Chancellor Angela Merkel seeks to thrash out a deal on a second ...

Bloomberg Indian stocks are poised for their longest winning run since November amid optimism that easing of the nationwide lockdown will reboot economic growth. The S&P BSE Sensex and the NSE Nifty 50 Index each rose 0.9% as of 12:11 pm in Mumbai. Both gauges are set for their fifth day of gains and longest winning streak since November 4. ...

Bloomberg Things will get better for most of Asia’s developed stock markets, according to Quarz Capital Management Ltd. “All developed Asian countries, especially Japan, Singapore and Australia, have started to stimulate their economies massively,” said Jan Moermann, founder and chief investment officer of the activist fund that holds Asian stocks. “We expect a potential catch up of these markets to ...