International News

Bloomberg BMW plans to produce an additional quarter of a million electric cars in coming three years, according to the German automaker’s chief executive officer. CEO Oliver Zipse said in an interview with Augsburger Allgemeine newspaper. Electric vehicles will account for about a fifth of BMW’s sales by 2023, up from about 8% now, he added. Zipse said his “biggest ...

Bloomberg Promotions on foods high in fat, salt and sugar will be restricted in supermarkets and soft drink refills banned in England from April as part of a drive to cut obesity. Large and medium-sized retailers will no longer be allowed to offer “buy one get one free” or “three for the price of two” deals on unhealthy products, the ...

Bloomberg Sweden’s government hopes to have the power to impose lockdowns from January 10, if a bill submitted on Monday passes parliament. The temporary laws, if enacted, will give authorities the legal clout to shut down businesses and fine those infringing the restrictions put in place to slow the spread of the virus, according to the Minister of Health and ...

Bloomberg In a challenging year for Chinese companies pursuing acquisitions abroad, Latin America emerged as a region where they were able to make some corporate marriages work. Overseas acquisitions by Chinese firms are heading for their fourth consecutive yearly decline, with a $31.1 billion tally that’s the lowest since 2007, according to data compiled by Bloomberg. Transactions targeting Latin America ...

Bloomberg Vital trade and travel links between the UK and continental Europe slowly reopened after France lifted a blockade at Britain’s busiest port that heightened a sense of economic isolation as the pandemic worsened and a high-stakes political drama unfolded over Brexit. European Union citizens and residents able to show negative Covid-19 tests will be able to travel from the ...

Bloomberg President Donald Trump injected confusion into the outlook for Covid-19 relief, demanding changes to the bipartisan legislation approved by Congress. In a surprise video announcement posted on his Twitter account, Trump called the bill a “disgrace” and said it was full of “wasteful and unnecessary” items. He demanded that lawmakers increase stimulus checks due to go out to most ...

Bloomberg Judging by the last quarter of 2020, New York’s luxury real estate market should enter 2021 with confidence. Sales of homes that cost more than $4 million were a little above those of the same three months in 2019, says Donna Olshan, president of luxury real estate broker Olshan Realty. “Now, some of that has to do with demand ...

Bloomberg Apple Inc. Chief Executive Officer (CEO) Tim Cook refused to take a meeting years ago to discuss acquiring Tesla Inc., Elon Musk said. Tesla CEO Musk said in a tweet that he reached out to Apple during the “darkest days” of development of his company’s Model 3 to talk about a possible deal. Musk said he planned to discuss ...

Bloomberg The UK and Canada reached a temporary agreement to prevent tariffs on goods and services between the two countries starting on January 1, when the UK will no longer be covered by Canada’s trade deal with the European Union. In a statement by the Canadian foreign affairs ministry, the governments said they agreed to continue giving each other’s products ...

Bloomberg American shoppers shunned stores and extended their online binge during the last weekend before Christmas, adding to a package-delivery logjam that’s now reaching a crescendo. There’s “a lot of stuff all hitting at once,” said Craig Johnson, president of Customer Growth Partners. “I think it’s past the time for creative. They have to charge people extra to get it ...