Bloomberg The UK and the European Union (EU) are increasingly at odds ahead of next week’s trade talks, with each side accusing the other of backing away from past promises. Regaining political independence and freedom from the EU’s legal system will take priority over securing a trade deal by the December 31 deadline, Prime Minister Boris Johnson’s spokesman, James Slack, ...

Bloomberg The Trump administration said it has asked Congress for $2.5 billion — half new money, half repurposed from other efforts — to battle the spread of the coronavirus. The announcement came on the same day that global financial markets were shaken over reports that the illness had spread to Italy and South Korea. US stock benchmarks slid more than ...

Bloomberg China will release results at the end of April from clinical trials of a Gilead Sciences Inc drug that is emerging as a frontrunner in the race to find an effective treatment for the novel coronavirus. The outcome of trials of the experimental medication remdesivir on 761 patients in Wuhan, the city where the virus originated, will be made ...

Bloomberg Apple Inc is reopening more than half of its retail stores in China, trying to rebound from a sales hit tied to coronavirus. As of February 25, 29 of 42 Apple stores in the country are opening, according to a review of the company’s retail websites. Most of these locations are still operating on shortened hours. Some outlets will ...

Bloomberg Employment increased in about 80% of the largest US counties in the third quarter of 2019 from a year earlier and wages grew in 350 of 355, according to the US Bureau of Labor Statistics. In the third quarter of 2019, average weekly wages for the nation rose to $1,093, a 3.6% increase from a year earlier. People working ...

Bloomberg US President Donald Trump met his Indian counterpart in New Delhi on Tuesday, amid growing tensions between rival protesters in the capital and with a host of critical issues from defense to regional security on the agenda. Now that the US-India trade agreement looks likely to be pushed until after the US election, news of a $3 billion military ...

Bloomberg Hosni Mubarak, who became Egypt’s longest-serving ruler in more than 150 years before being forced from office by a popular uprising, has died. He was 91. His death was announced on Tuesday by state TV. No cause was mentioned, although his family recently said he’d been hospitalised. Dubbed the “pharaoh” by his detractors, Mubarak had ruled for 30 years ...

Bloomberg After a wild day that saw the collapse of Malaysia’s ruling coalition, one thing is clear: Mahathir Mohamad holds the key to forming the next government. Mahathir, 94, abruptly resigned as prime minister on February 24 after a longstanding rift within his alliance over who would succeed him boiled over. By the end of the day, he was the ...

Bloomberg Assange was swept up in President Donald Trump’s campaign against embarrassing leaks, his lawyer told a London court, as the WikiLeaks founder kicked off his fight against his extradition to the US. The decision to pursue Assange, which only occurred after Trump was elected, was driven by the president’s desire to stifle damaging White House leaks, said Edward Fitzgerald, ...

Bloomberg Parts of Indonesian capital and its suburbs were flooded after two tropical cyclones off the nation’s coast triggered extremely heavy rainfall, inundating houses in low-lying areas and forcing evacuation of hundreds of residents. More than 200 spots of flooding were reported in Jakarta and the satellite cities of Bekasi and Tangerang with the water level in Ciliwung river that ...