International News

Bloomberg PG&E Corp was ordered by a judge to identify each of the California wildfires its equipment started this year, and to explain in particular what role the utility played in igniting the Fly fire, which has merged with the much larger Dixie blaze. US District Judge William Alsup, who oversees PG&E’s criminal probation, issued the order and asked for ...

Bloomberg With ICU beds down to a single digit, Austin sounded the alarm, using its emergency alert system to let residents in the Texas capital city know that the local state of the pandemic is “dire.” The Austin area — with a population of almost 2.4 million people — has just six intensive-care unit beds left, state health data show. ...

Bloomberg BT Group Plc has picked Adam Crozier, former chief executive of ITV Plc, as its new chairman, according to a person with knowledge of the situation. Crozier, who’s currently chairman of Whitbread Plc, Kantar Group, and Asos Plc, is set to take up the role after the British telecommunications company announced in March that Jan du Plessis would retire, ...

Bloomberg AP Moller Maersk A/S’s efforts to become carbon-neutral face an unusual hurdle: there isn’t enough used cooking oil to make the biofuel that powers the vessels. “The biofuel is sourced from used cooking oil, but the problem is that the world doesn’t eat enough french fries,” said Chief Executive Officer Soren Skou. “We can’t keep scaling it. If our ...

Bloomberg China’s broadest Covid-19 outbreak since the beginning of the pandemic in late 2019 is hampering tourism and spending during the peak summer holiday, prompting analysts to review their economic growth projections as risks escalate. Authorities rushed to close tourist sites, call off cultural events and cancel flights, as the outbreak linked to the highly-infectious delta variant spread to nearly ...

Bloomberg The technological level of China’s exports increased through the trade war with the US, according to a new ranking, which predicts the Chinese economy will grow faster than India’s over the next decade. China ranked 16th globally when judged by the complexity of its exports in 2019, moving up three places ahead of countries including Ireland since the onset ...

Bloomberg India’s main services index signalled a contraction for a third straight month, boosting the case for monetary policy makers to keep interest rates unchanged at a record low to aid the economy. The IHS Markit India Services Index rose to 45.4 in July from 41.2 in June, but still below the 50 reading that indicates a contraction. That performance ...

Bloomberg Indonesia has reached a grim milestone as more than 100,000 people died from the coronavirus, becoming the second country in Asia to breach that threshold. After weeks of topping the world’s tally of daily Covid-19 deaths, Southeast Asia’s largest economy added 1,747 fatalities on Wednesday, according to data from the health ministry, bringing its total number to 100,636. Indonesia ...

Bloomberg Manufacturing managers in Southeast Asia saw a slump in activity as the region grapples with one of the world’s worst Covid-19 outbreaks, while North Asia continued to see a pick up as the global economy recovers. In Southeast Asia, which has emerged as one of the world’s worst-hit pandemic areas in recent weeks, Indonesia’s IHS Markit manufacturing Purchasing Managers ...

Bloomberg India’s plan to sell two state-controlled lenders may get deferred to next financial year as the government is yet to seek parliament’s nod for changes in laws required to start the transaction, according to people familiar with the matter. The Finance Ministry hasn’t finalised modalities to seek approval from lawmakers for the sale, which leaves little time for the ...