International News

Bloomberg Apple Inc will this month begin direct sales online in India, more than 20 years after the world’s most valuable tech company first began operating in the South Asian country that’s one of world’s fastest-growing smartphone markets. Cupertino, California-based Apple said it will launch its online store in India on September 23, confirming a Bloomberg News report last month. ...

Bloomberg Delivery Hero SE’s Foodpanda is launching operations in Japan, expanding its Asian footprint to the world’s No. 3 economy. The company will roll out its meal delivery services in six Japanese cities in a first phase, including Kobe, Yokohama and Nagoya, Jakob Angele, Foodpanda’s Asia Pacific chief executive officer, told Bloomberg TV’s Rishaad Salamat and Juliette Saly. The firm ...

Bloomberg Malaysia’s aim to attract medical tourists by focussing on curbing the coronavirus outbreak hit a roadblock as resurgences around the world limited its ability to reopen borders. Hospitals in the country can expect to earn 800 million ringgit ($194 million) of revenue from medical tourists next year, compared with 500 million ringgit this year, according to the Malaysia Healthcare ...

Bloomberg President Donald Trump said he wants $5 billion from companies creating a new US-based TikTok venture directed towards teaching American children “the real history of our country.” Trump said that he had approved a transaction between Oracle Corp., Walmart Inc. and ByteDance Ltd. to create a new company called TikTok Global to run the US video-sharing app. As part ...

Bloomberg The UK will issue fines of as much as 10,000 pounds ($13,000) for people who break self-isolation rules, marking the latest bid to curb the recent jump in coronavirus cases across the country. Penalties will start at 1,000 pounds for breaking the restrictions starting from September 28, the prime minister’s office said in a statement. Charges will increase for ...

Bloomberg Canada’s most populous province extended local caps on the size of gatherings across the region as new infections surge to their highest levels in months. In three areas of Ontario, Premier Doug Ford had previously set a limit of 10 people for indoor events and 25 for outdoor ones. His government announced those curbs would be extended province-wide. “This ...

Bloomberg Germany’s federal government is planning new borrowing of 96.2 billion euros ($114 billion) next year, as Europe’s biggest economy seeks to spend its way out of the deep recession caused by the coronavirus pandemic. Chancellor Angela Merkel’s ruling coalition abandoned a long-standing policy of running balanced budgets in March, and new debt is set to swell to a record ...

Bloomberg US consumer sentiment increased more than expected in early September to a six-month high as Americans grew more upbeat about the economy’s prospects. The University of Michigan’s preliminary sentiment index for September advanced to 78.9 from a final August reading of 74.1, according to data released. The median estimate from economists surveyed by Bloomberg was 75. The measure of ...

Bloomberg In the country that pioneered the world’s first industrial revolution in the 18th century, its latest one is looking very much on hold. The global shift towards robotics and artificial intelligence (AI) across advanced economies is currently in a go-slow phase in the UK — where both Covid-19 and Brexit have hampered progress. That threatens to harm Britain’s competitiveness ...

Bloomberg France’s finance chief contracted Covid-19 amid the virus surge in his country and Prime Minister Boris Johnson said the UK may need tighter restrictions, signalling Europe’s growing risk of the kind of lockdowns that crippled the economy in the second quarter. Mayor Sadiq Khan sounded the alarm for London, saying it’s “increasingly likely” that “additional measures will soon be ...