International News

Bloomberg France is prepared to further ramp up spending to support any firm, from mom-and-pop shops to its national flag carrier, as rising unemployment and a resurgence of the Covid-19 pandemic cast a longer shadow over the economy. Finance Minister Bruno Le Maire pledged that if needed the state will pump more public money into Air France and expand funding ...

Bloomberg Land Securities Group Plc slashed the value of its properties by 945 million pounds ($1.2 billion) as the coronavirus pandemic forces thousands of stores to close. The company, one of the UK’s largest real estate investment trusts, incurred most of the damage in retail assets that were written down by more than 20% outside London and about 17% in ...

Bloomberg A Covid-19 vaccine from Pfizer Inc may be on the horizon, but the cost of distributing vaccines across all 50 states and who will pay for that operation remains a huge stumbling block. What is clear is that much of the financial burden and logistical challenge of getting a vaccine to people has fallen on the shoulders of state ...

Bloomberg India’s economy left cratered by the pandemic is drawing energy from one of its invisible and often-neglected engines: farmers. Business leaders, policy makers and politicians alike are pinning hopes on the rural sector as bountiful rains have set the stage for another year of record crops. Higher disposable incomes with farmers are expected to boost demand from automobile to ...

Bloomberg China’s move to halt Ant Group Co’s massive stock debut could reduce the fintech giant’s value by as much as $140 billion, according to analysts’ revised estimates. New regulations that could force Ant to raise more capital to back lending and seek national licenses to operate across the country may reduce the firm’s valuation by about half, according to ...

Bloomberg Chinese exports expanded faster than expected in October, providing support for the recovering economy and driving increasing demand for imports, which rose for a second straight month. Exports increased 11.4% in dollar terms in October from a year earlier, while imports gained 4.7%, the customs administration said. That left a trade surplus of $58.4 billion for the month. Economists ...

Bloomberg The Philippines aims to have at least 50 million coronavirus vaccine shots next year to inoculate about a fourth of the population, bulk of which will likely arrive by the end of 2021 or early 2022. A vaccine could be available to the Southeast Asian nation between May through July, said Carlito Galvez, vaccine czar and chief implementer of ...

Bloomberg Car sales continued to recover in China last month as the coronavirus pandemic eased in the country and electric vehicles won more users. Retail sales of cars, SUVs and multiple-purpose vehicles increased 8% from a year earlier to 2.02 million units in October, the China Passenger Car Association (CPCA) said on Monday. Wholesales of new energy vehicles, which includes ...

Bloomberg Chinese President Xi Jinping is expected to lay out his plans for a more innovation-driven and self-reliant economy on a tumultuous day for investors. Xi was scheduled to deliver a speech at the opening of the China International Import Expo on Wednesday in Shanghai, an annual event he has used since 2018 to tout China’s importance in global trade. ...

Bloomberg Indian employees are likely to witness their monthly paycheck getting a bigger boost next year compared to 2020 as companies are betting on higher consumer demand due to enhanced government spending and bumper rainfall to neutralise the pandemic-led economic contraction, a survey showed. Companies, spanning sectors including e-commerce, energy, financial institutions and pharmaceuticals, are projected to increase compensation by ...