International News

Bloomberg AstraZeneca Plc and four European Union countries said they reached an agreement to distribute a coronavirus vaccine. The Netherlands, Germany, France and Italy concluded a contract with the UK drugmaker to provide 300 million to 400 million doses of a possible vaccine in stages starting from the end of 2020, the Dutch government said in a statement on Saturday. ...

Bloomberg Chancellor of the Exchequer Rishi Sunak backed calls to ease the UK’s 2-meter social distancing rule to help the stalled economy get back to work, as he urged Britons to go shopping again. The government is conducting a “comprehensive review” of the regulation that requires people to remain 2 meters (6 feet 7 inches) apart in public to reduce ...

Bloomberg Fiat Chrysler Automobiles NV won its bid for an order to block US imports of Mahindra & Mahindra Ltd.’s Roxor off-road vehicle that it said copies the look of the iconic Jeep Wrangler, the International Trade Commission said in a notice posted on the agency’s website. The commission upheld, with modifications, a judge’s finding that Mahindra’s off-road vehicle is ...

Bloomberg Stores on Oxford Street, London’s most famous shopping thoroughfare, will open Monday for the first time since March. The question is how many customers will show up. After locking down to slow the spread of the coronavirus, retailers in the capital and across England are desperate to get back to business. They’re rushing to install sneeze screens, “sanitation stations,” ...

Bloomberg US lawmakers proposed an estimated $25 billion in funding and tax credits to strengthen domestic semiconductor production and counter rising technological competition from China. The effort would support companies building plants in the US and buying chipmaking equipment, while sponsoring research and development into “cutting edge semiconductor” production, according to information provided by the office of Representative Michael McCaul, ...

Bloomberg Argentina extended a deadline for creditors to accept a debt restructuring proposal for the fourth time as creditors and the government edge closer towards a deal. The country will push back the deadline for creditors to accept a debt restructuring offer by one week until June 19, according to an economy ministry statement. Argentine Economy Minister Martin Guzman said ...

Bloomberg The UK economy shrank a record 20.4% in April as businesses and workers reeled under the lockdown designed to control the coronavirus pandemic. The contraction means the nation has effectively seen almost 18 years of growth wiped out in two months. While a rebound is likely as businesses start to reopen, the grim figures will increase the pressure on ...

Bloomberg Twitter Inc. reinstated the account of Zero Hedge after suspending it earlier this year, saying it made a mistake in accusing the libertarian financial website of violating rules against harassment. “We made an error in our enforcement action in this case,” a spokesperson for Twitter said. “Based on additional context from the account holder in appeal, we have reinstated ...

Bloomberg US consumer sentiment climbed in early June by the most since 2016 as more states began to reopen their economies and employers restored jobs. The University of Michigan’s preliminary sentiment index increased 6.6 points to 78.9, according to data. The median projection in a Bloomberg survey of economists called for a gain to 75. Even with the improvement, the ...

Bloomberg Germany’s economy is heading for a contraction of almost 10% this year due to the fallout from the coronavirus pandemic and will recover only gradually from its worst recession since World War II, according to one of the nation’s leading research institutes. Gross domestic product will likely shrink by 9.4% in 2020, before expanding by 3% next year, the ...