Bloomberg Indonesians can expect to resume their normal life in July, with a ramp-up in testing and isolation of those affected expected to help the nation contain the pandemic, a senior official said. Health officials will continue the massive nationwide virus testing this month and next, followed by aggressive contact tracing and isolation of people exposed to those infected, Doni ...

Bloomberg Nissan Motor Co warned that it expects to post a loss for the just-ended fiscal year, becoming the latest global automaker to be hit by the coronavirus pandemic. Full-year operating profit for the year to March will be as much as 130 billion yen ($1.2 billion) less than the 85 billion yen forecast in February, the Japanese automaker said ...

Bloomberg Chinese investigators raided the offices of Luckin Coffee Inc. as part of a multi-agency investigation into its finances, according to a person familiar with the matter, as pressure grows on the formerly high-flying coffee chain at the centre of an accounting scandal. The raid was carried out jointly by officials from different government agencies as part of an investigation ...

Bloomberg SoftBank Corp’s fifth-generation wireless service in Japan is living up to the hype in at least one respect — internet speeds that are blazingly fast even by the standards of one of the most connected countries in the world. The carrier’s month-old 5G network topped out at 1.1 gigabits per second for downloads and about 30 megabits for uploads ...

Bloomberg India must focus on its economy even as it races to save lives by containing the spread of coronavirus infections, Prime Minister Narendra Modi said at a meeting with state leaders to discuss the country’s ongoing lockdown. Modi warned that the impact of the epidemic will remain visible for several months and asked the states to enforce lockdown guidelines ...

Bloomberg The UK’s oil and gas industry could lose as many as 30,000 jobs over the next 12–18 months and see drilling levels plunge by a third amid the coronavirus-led drop-off in investment and slumping energy prices. “The outlook is bleak compared to the picture of steady growth seen only two months ago, before the grip of the pandemic became ...

Bloomberg Zimbabwe’s Rio Energy Ltd, a unit of RioZim Ltd, will build a 2,100 megawatt thermal power plant with China Gezhouba Group Corp (CGGC) in northern Zimbabwe at a projected cost of $3 billion, Rio Energy said. “CGGC will develop the project and assist with the fund raising,” Caleb Dengu, chairman of Rio Energy Ltd said last week. The power ...

Bloomberg You can add coal to the list of global commodities struggling during the pandemic. Prices haven’t yet turned negative (like oil), but coronavirus is accelerating the demise of the dirtiest fossil fuel. Social distancing measures mean energy demand has fallen across the board. Some of the smallest declines, however, are in the electricity sector. That should have been good ...

Bloomberg South Korea has run out of oil storage space that can be leased to third-party companies, according to people with knowledge of the matter, as a global glut spurs a scramble for places to store crude. State-run Korea National Oil Corp (KNOC) currently rents out about 30 million barrels of onshore tank space to third parties including international traders ...

Bloomberg Startup Amply Power has raised $13.2 million from investors including Soros Fund Management to advance the company’s electric-vehicle charging service for commercial fleets. The Mountain View, California-based company helps commercial vehicle operators go electric by providing charging infrastructure and fixed prices to charge their vehicles. Other investors in the round included Siemens Financial Services and existing seed-round investors such ...