International News

Bloomberg Treasury Secretary Janet Yellen said the US can return to full employment in 2022 if it enacts a robust enough coronavirus stimulus package, but otherwise risks a slower rebound in jobs and the economy. “I’m afraid that the job market is stalling,” she said on CBS’s “Face the Nation,” in one of two interviews. Yellen said that low-wage earners, ...

Bloomberg Alibaba Group Holding Ltd drew robust orders for a $5 billion bond sale, demonstrating investor confidence in the e-commerce giant’s long-term prospects amid easing tensions with Chinese regulators. The four-tranche offer received more than $38 billion in orders at the peak, according to people with knowledge of the matter. The notes comprising 10-year, 20-year, 30-year and 40-year maturities were ...

Bloomberg Kuaishou Technology’s eye-popping debut in Hong Kong following a mega $5.4 billion initial public offering has sent a strong signal to other listing candidates waiting in the wings — that this is a great time to go public. The operator of China’s most popular short-video service after ByteDance Ltd’s Douyin saw its shares almost triple on their debut, boosting ...

Bloomberg Thailand’s government is ready to take more fiscal steps if economic growth falls below its base-case forecast, driven by the latest Covid-19 outbreak or delays in vaccinating the public, a Finance Ministry official said. “The government is ready to do more if needed, and we still have fiscal space left,” Kulaya Tantitemit, acting director general of the Fiscal Policy ...

Bloomberg The European Union (EU) is facing a cost of tens of billions of euros for the slow and chaotic rollout of coronavirus vaccinations compared to countries such as the UK and US. Lockdowns mean the bloc’s economy is operating at about 95% of its pre-pandemic level, equating to about $14 billion a week of lost output, according to calculations ...

Bloomberg The US economy is showing some scattered signs of picking up from an end-of-year slowdown, muddying President Joe Biden’s efforts to win congressional passage of a $1.9 trillion stimulus package. New claims filed for unemployment benefits have fallen for two straight weeks, while January payrolls are forecast to rebound from a December. Managers in charge of buying supplies for ...

Bloomberg Tesla Inc. will recall about 135,000 Model S and X vehicles in the US after a months-long investigation by the nation’s auto-safety regulator concluded their touch screens are defective. Tesla equipped certain Model S sedans from 2012 to 2018 and Model X crossovers from 2016 to 2018 with Nvidia Corp. processors that are prone to wearing out, Tesla said ...

Bloomberg The UK is launching a consultation on its post-Brexit subsidies system, which the government has hailed as a “significant milestone” in the country’s future outside the European Union (EU). The new UK-wide “subsidy control system” will replace the EU’s state aid regime, which was a major stumbling block in Brexit talks last year. Prime Minister Boris Johnson’s government believes ...

Bloomberg Nestle SA is in talks to sell its US bottled-water business to private equity firm One Rock Capital Partners, according to a person familiar with the matter. The deal could fetch more than $4 billion and be announced as soon as this month, the person said, asking not to be identified as the matter is private. Talks are ongoing ...

Bloomberg Regions of the UK powered by a combination of nuclear and wind are already hitting 2030 climate targets, according to an industry report. Britain has pledged the deepest cuts in greenhouse gas emissions in the Group of 20 nations to put the UK at the vanguard of the fight against climate change. The prime minister’s goal to slash pollution ...