International News

Bloomberg Factories across the euro area recorded a stronger performance than initially reported in June, with consumer-goods producers growing again. But despite countries easing restrictions and life slowly returning to normal, output continued to contract and demand — especially among exporters — remained weak. In a sign that the pandemic has been inflicting lasting damage on the economy, all of ...

Bloomberg As the Eiffel Tower gradually reopens from an extended shutdown, an essential segment of the summer tourist trade will be missing: Americans touching down in Paris on lucrative trans-Atlantic flights. Voyagers from New York, Houston or Los Angeles will have to hold off on their overseas vacations after European Union governments extended a travel ban from Wednesday, deeming the ...

Bloomberg French car sales rose for the first time this year, sending a strong signal that government incentives are helping the sector claw back from a deep slump triggered by the coronavirus. Passenger car registrations increased by 1.2% to 233,818 in June compared with same month last year, according to figures published by industry group CCFA. It was the first ...

Bloomberg India banned ByteDance Ltd’s viral short-video service TikTok and 58 other Chinese apps, citing threats to its sovereignty and security as relations between the world’s two largest populations worsened. The unprecedented moratorium, announced days after border tensions in the Himalayas left 20 Indian soldiers dead, deals a blow to the most prominent names in Chinese technology. The banned services ...

Bloomberg Singapore’s government has issued a correction notice to a Facebook post by a page called ‘State News Singapore,’ which is often critical of the ruling party and its leaders, contesting its description of a recent call between PM Lee Hsien Loong and Malaysia Prime Minister Muhyiddin Yassin over easing travel restrictions. The post in question says Singapore’s Lee personally ...

Bloomberg Vietnam’s economy unexpectedly grew in the second quarter, though at the slowest pace in at least a decade, as exports slumped because of the coronavirus pandemic. Gross domestic product rose 0.36% from a year earlier, compared with a revised 3.68% in the first quarter, the General Statistics Office said on Monday in Hanoi. The median estimate in a Bloomberg ...

Bloomberg Japan’s industrial production dropped again in May even as a nationwide state of emergency was lifted, showing the severity of the pandemic’s impact on the export-reliant manufacturing sector. Factory output fell 8.4% from April, the economy ministry reported on Tuesday. Production slid from the prior month for a fourth time in a row, something that hasn’t happened since 2012. ...

Bloomberg A fresh swarm of desert locusts has entered Uttar Pradesh, India’s biggest sugarcane grower, via capital city Delhi and the northern state of Haryana, according to the federal farm ministry. Operations to control the grasshoppers are in full swing in the states of Rajasthan, Madhya Pradesh, Uttar Pradesh, Haryana, Gujarat, Punjab and Maharashtra, the ministry said in a statement. ...

Bloomberg Thailand plans to allow foreign business travellers into the country for the first time since closing its borders to most international flights in March. Hong Kong, Singapore, South Korea and Japan passport holders, along with people from some Chinese provinces, may be allowed to travel to Thailand as part of proposed “business-travel bubbles” from July. The initiative seeks to ...

Bloomberg Alibaba Group Holding Ltd has appointed a longtime veteran to replace Pierre Poignant as Lazada Group CEO, the latest top-level reshuffle at the Chinese e-commerce titan’s Southeast Asian operation. Chun Li, who currently runs Lazada’s Indonesian business, will take the reins from July, Lazada said in a statement. Li served as chief technology officer for Alibaba’s business-to-business division between ...