International News

Bloomberg France will unveil “massive” support for youth employment this week and a new broad stimulus plan including tax cuts for companies at the end of August, Finance Minister Bruno Le Maire said. The measures will be in addition to emergency aid to protect jobs and companies during the lockdown and a series of support plans for sectors including tourism ...

Bloomberg Swedish engineering giant Alfa Laval AB agreed to buy Neles Oyj in a deal that values the Finnish valve maker at roughly $2 billion, setting a price that’s high enough to potentially fight off any counter bids. After striking a so-called combination agreement with Neles, Alfa will make a voluntary recommended public cash tender offer for all issued and ...

Bloomberg Germany’s economy continues to recover following the easing of coronavirus-related restrictions, but remains well below capacity, according to a government report. “The economic recovery is still at the beginning,” the economy ministry said Monday. “Capacities are still clearly under-used.” While the recovery began in May, the second quarter will still show negative growth. “Only in the third quarter will ...

Bloomberg The UK ruled out joining the European Union’s 2 billion-euro ($2.3 billion) coronavirus vaccine program, fuelling concern among doctors that a go-it-alone approach after Brexit risks delaying vital medical supplies. Signing up would prevent the UK from pursuing parallel negotiations with potential vaccine suppliers, the UK’s ambassador to the EU, Tim Barrow, wrote in a letter to the European ...

Bloomberg Canada reclaimed almost one million jobs of those lost to the coronavirus pandemic, a promising start to what’s expected to be an arduous recovery. Employment rose by 952,900 in June as lockdown restrictions began to ease, Statistics Canada reported on Friday, adding to the 290,000 jobs created in May. The two-month total represents just over 40% of the 3 ...

Bloomberg Silver Peak Systems Inc., a networking company backed by venture capital firms Greylock Partners and TCV, is exploring a potential sale that could value it around $1 billion, according to people familiar with the matter. The Santa Clara, California-based company is working with a financial adviser, the people said, asking not to be named because the matter is private. ...

Bloomberg Alphabet Inc.’s Google is changing its policies next month to restrict advertising for spyware and other unauthorized tracking technology. The change “will prohibit the promotion of products or services that are marketed or targeted with the express purpose of tracking or monitoring another person or their activities without their authorisation,” according to the company. While ads for these products ...

Bloomberg With the World Health Organisation (WHO) warning the globe’s 1.3 billion tobacco users are at higher risk during the global Covid-19 pandemic and in need of new tools to quit, it’s calling in the big guns: Johnson & Johnson, Amazon.com Inc. and Alphabet Inc.’s Google. In a rare tie-up with the private sector, the WHO is launching with its ...

Bloomberg Prime Minister Justin Trudeau is set release his first estimate of the full cost of the multiphase effort to buffer Canada from its deepest recession since the 1930s. Trudeau’s finance minister, Bill Morneau, will provide a fiscal update that’s expected to show a current-year deficit of at least $163 billion, or 12% of economic output. The gap last year ...

Bloomberg France’s new government would seek to preserve the economy should a second wave of the coronavirus pandemic force it to bring back lockdown measures, Prime Minister Jean Castex said on Wednesday. “We won’t survive, economically and socially, an absolute and generalised lockdown,” Castex told BFM TV and RMC radio, adding that he advocated more targeted restrictions. France is still ...