International News

Microsoft unveils new vaccine tools

Bloomberg Microsoft Corp. unveiled new technology to boost government and health care organisations’ vaccine management systems, including scheduling shot appointments and monitoring results, to fix shortcomings weeks after the company’s initial custom-built programs ran aground in a few states. The Microsoft Vaccine Management product is made up of features and new apps that the software company said will improve upon ...

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Draghi vows more economic stimulus, faster vaccinations

Bloomberg Italian Prime Minister Mario Draghi vowed to free up more economic stimulus and increase vaccinations to offset a prolonged lockdown amid a coronavirus resurgence. The premier, at his first news conference since his governing coalition was sworn in on February 13, unveiled a 32 billion-euro ($38 billion) pandemic relief package he called “only a first step.” The package was ...

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UK exports to EU tumble as Brexit disruption roils trade

Bloomberg UK trade with the European Union (EU) deteriorated in the first month since the Brexit split, suggesting commercial relations between the two economies will suffer more than the British government advertised. UK goods exports to the EU fall almost 41% in January from a month earlier, while imports from the bloc dropped 29%, data from the Office for National ...

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Remote work listings in US doubled in year

Bloomberg US job listings that tout working remotely as a perk have more than doubled in the past year, signaling that top companies will keep using the benefit to woo employees even as the pandemic winds down, according to job-search site Indeed. As of February, 6.9% of Indeed job postings cited remote work as an option, compared with 2.9% in ...

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Nokia to cut 10,000 jobs in latest cash savings plan

Bloomberg Nokia Oyj plans to cut up to 10,000 jobs in the coming years as the telecommunications equipment maker looks for new ways to save money and stay competitive with rival Ericsson AB. The measures are intended to cut 600 million euros ($715 million) off Nokia’s cost base by the end of 2023, the Finnish company said in a statement ...

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Blowout jobs report signalling economic resilience in Canada

Bloomberg Canada’s labour market roared back to life in February after authorities began lifting lockdowns, a striking sign of the nation’s economic resilience to the second wave of pandemic. The economy added 259,200 jobs in February, Statistics Canada reported in Ottawa, well ahead of expectations for a 75,000 gain. It’s the first month of gains since November, when a new ...

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eToro nears $10b merger with Betsy Cohen

Bloomberg Trading platform eToro, a rival to Robinhood Markets Inc., plans to go public via a merger with a blank-check firm led by serial deal-maker Betsy Cohen, according to people with knowledge of the matter. The deal with FinTech Acquisition Corp. V will value the combined company at about $10 billion, the people said, asking not to be identified. The ...

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Facebook forges multiyear deal with News Corp in Australia

Bloomberg Facebook Inc. reached a multiyear deal with News Corp. in Australia, agreeing to pay Rupert Murdoch’s publishing arm for access to additional stories. The agreement resolves a dispute in the country between publishers and tech giants over payments for news articles. The deal includes content from News Corp.’s national newspaper, The Australian, as well as the Daily Telegraph in ...

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Tencent loses $62bn, wiping out value of fintech business

Bloomberg Tencent Holdings Ltd. shares fell a second day on concern regulators are now turning their sights to Pony Ma’s business empire, fueling a $62 billion wipe-out that one brokerage says obliterated most of the value of its online finance business. The stock fall more than 4% in Hong Kong on Monday. China’s top financial regulators see Tencent as the ...

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India’s move to deter digital monopolies may hit Amazon, Walmart

Bloomberg India’s draft e-commerce rules to prevent creation of “digital monopolies” and aid local startups may raise costs and stymie expansion plans at companies such as Amazon.com Inc. and Walmart Inc. The draft rules seek to prescribe a code of conduct for online retailers and define cross-border flow of user data, according to a note titled Draft Ecommerce Policy. Prime ...

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