Bloomberg The brother of Asia’s richest man was ordered to set aside $100 million in his dispute with three Chinese banks, even as he pleaded poverty. “The value of my investments has collapsed,” Anil Ambani said, according to a London court filing by banks seeking around $700 million in defaulted loans. “My net worth is zero after taking into account ...

Bloomberg Singapore authorities urged residents to relax on their shopping sprees that have emptied supermarket shelves, saying supplies aren’t under threat even as response efforts to battle the coronavirus outbreak have escalated. Pictures circulated online of snaking lines at supermarkets as people snapped up rice, instant noodles, toilet paper and sanitisation products. Online grocers including Amazon.com Inc and Redmart Ltd ...

Bloomberg The Justice Department has abandoned its antitrust probe of four automakers that sided with California over President Donald Trump in a fight over the future of fuel economy and emissions requirements. The inquiry had targeted Ford Motor Co, Honda Motor Co, BMW AG and Volkswagen AG over their agreement last year with California regulators to voluntarily meet the state’s ...

Bloomberg Facebook Inc said the global outbreak of the deadly coronavirus is likely to impact production of its Oculus virtual reality headsets, which are produced in China. The Oculus Quest, Facebook’s wireless headset released last year, is out of stock in some regions, according to VR news website UploadVR, and a Facebook spokeswoman said that high demand, and the coronavirus, ...

Bloomberg Uber Technologies Inc and Postmates Inc are unlikely to put a quick stop to a landmark California law they call a monstrous threat to their business models. A judge signalled that she’s inclined to reject a request to temporarily shield the companies from Assembly Bill 5, which is aimed at converting gig-economy workers from independent contractors to employees with ...

Bloomberg Foreign Secretary Dominic Raab faces a tough task when he arrives in Tokyo: persuading Japanese companies — including those that invested in Britain as an entry point to the European Union — to back Prime Minister Boris Johnson’s vision for the UK after Brexit. “Now we’ve left the EU we can take full advantage of the opportunities open to ...

Bloomberg Delhi voted in the bitterly contested state election on Saturday, with PM Narendra Modi’s Bharatiya Janata Party (BJP) in a tough fight to reclaim the capital region, marking the first major test at the ballot box of his religion-based citizenship law that’s spurred nationwide protests. About 14.6 million voters cast their votes to elect 70 members to the legislative ...

Bloomberg An attacker using military-style weapons killed at least 10 people in Thailand and appeared to livestream the assault on Facebook. Many others were injured in the incident on Saturday and the assailant remains at large, according to police spokesman Kritsana Pattanacharoen. The shooting took place in a city commonly known as Korat in Nakhon Ratchasima province northeast of Bangkok. ...

Bloomberg Malaysian PM Mahathir Mohamad said the proposed Israel-Palestine peace deal that was announced by US President Donald Trump is “utterly unacceptable“ and “grossly unjust.” The plan, dubbed the “Deal of the Century” by Trump, hands the holy city of Jerusalem on a silver platter to Israel in absolute disregard for the feelings of millions of Muslims and Christians worldwide, ...

Bloomberg President Donald Trump moved swiftly to exact retribution on those he blames for his impeachment, purging his administration of two witnesses who testified against him in the House inquiry just two days after his acquittal by the Senate. Gordon Sondland announced he had been ousted as US ambassador to the European Union just hours after the White House dismissed ...