International News

Bloomberg The US Federal Communications Commission (FCC) affirmed its decision to designate ZTE Corp as a national security threat over concerns telecommunications gear made by the Chinese company could be used for spying. The action shows that the FCC remains determined to drive ZTE and fellow Shenzhen-based manufacturer Huawei Technologies Co from the US market, where small rural carriers rely ...

Bloomberg The UK lost a “crucial month” in its fight against coronavirus because it was too slow to respond to a shortage of ventilators, while the delay in sourcing protective equipment came at a cost of 10 billion pounds ($13.3 billion) to the taxpayer, according to two spending reports. Ministers only started efforts to buy more ventilators on March 3, ...

Bloomberg International Business Machines (IBM) Corp is planning to cut about 10,000 jobs in Europe in an attempt to lower costs at its slow-growth services unit and prepare the business for a spinoff. The wide-ranging losses will affect about 20% of staff in the region, according to people familiar with the matter. The UK and Germany are set to be ...

Bloomberg Dell Technologies Inc and HP Inc reported quarterly revenue that topped Wall Street estimates, lifted by customer upgrades of personal computers for remote work and school during the pandemic. Dell’s sales climbed 2.8% to $23.5 billion in the period that ended on October 30, the Round Rock, Texas-based company said Tuesday in a statement. Rival HP reported it shipped ...

Bloomberg Health Secretary Matt Hancock said the UK plans to start rolling out two coronavirus vaccines next month before the program gathers pace in the new year, with a return to “normal” possible in the spring. Hancock was responding to trial results announced on Monday by the University of Oxford and AstraZeneca Plc showing their Covid-19 vaccine prevented a majority ...

Bloomberg Jeff Bezos gave $684 million of Amazon.com Inc stock to non-profits, days after posting on Instagram that he’d chosen 16 organisations to be the first recipients of money from the Bezos Earth Fund. The world’s richest man donated 220,825 shares of the e-commerce juggernaut, according to a filing with the US Securities and Exchange Commission. The Amazon founder has ...

Bloomberg Zurich Insurance Group AG said it’s in talks to buy MetLife Inc’s US property and casualty unit, which offers coverage for homes and automobiles. “Zurich subsidiary, Farmers Group Inc, is proposing to acquire the business in conjunction with the Farmers Exchanges,” the Swiss insurer said in a statement. “The terms of any transaction are subject to negotiations and there ...

Bloomberg Google’s planned changes to advertising data were targeted by a group of rivals who pushed UK regulators to make the company a top antitrust priority. Marketers for an Open Web is asking the Competition and Markets Authority (CMA) to temporarily halt Google’s rollout of so-called privacy sandbox technology next year, it said in an emailed statement on Monday. The ...

Bloomberg Germany is moving towards extending and tightening its shutdown restrictions, setting measures that would rein in New Year’s festivities as the country struggles to slow the stubborn spread of the coronavirus. Germany’s regional leaders are proposing that a partial lockdown that was due to run until the end of November is extended until at least December 20. The measures ...

Bloomberg Shopify Inc expects a banner holiday season as the worsening pandemic encourages more consumers to shop online and buy from the small businesses that sell through its platform. While the pace of growth will likely slow once the pandemic ends, this year’s gains will likely hold up, President Harley Finkelstein said in an interview. The company reported a 109% ...