International News

Bloomberg Surrounded by largely empty offices, builders last month returned to Dublin’s tech district, known as Silicon Docks. Dressed in green vests and with new safety rules to comply with, workers raced to complete developments earmarked for Alphabet Inc.’s Google, just days after a navy coronavirus testing ship nearby left. Construction resumed even as the virus throws up a new ...

Bloomberg The World Economic Forum (WEF) still plans to hold some form of gathering of business and financial titans in the Swiss town of Davos next January. While similar events have been cancelled due to the coronavirus pandemic, WEF Founder Klaus Schwab said on Wednesday that he intends to host a twin summit, with some delegates in Davos and others ...

Bloomberg The European Union (EU) is pressing for a global deal to eliminate tariffs on pharmaceuticals and medical supplies in an effort to guard against the kind of supply-chain shock triggered by the coronavirus pandemic. The European Commission, the EU’s executive arm, outlined options for encouraging worldwide commerce in health-care goods in a policy paper due to be discussed by ...

Bloomberg Bolstering wages and working conditions of low-paid workers in Britain should be a priority when the government starts to withdraw the economic support put in place during the coronavirus crisis, according to the Resolution Foundation. Those employees need a post-pandemic settlement giving them better pay and more control, the think tank said in a report published on Wednesday. Low-wage ...

Bloomberg Prime Minister Giuseppe Conte will unveil his a plan to rebuild a battered economy on the day Italians end almost three months of lockdown and can travel freely again. The premier will outline his government’s recovery strategy in a speech, Italian media reported, and repeat an appeal to put aside the country’s political divisions. Conte, who heads an unruly ...

Bloomberg German unemployment rose to the highest level since late 2015, underscoring the struggle that even countries with well-established safety nets face in shielding workers from the pandemic-induced crisis. The number of people out of work rose by 238,000 in May, following an even bigger jump the previous month, according to the Federal Labour Agency in Nuremberg. Economists at the ...

Bloomberg Google surreptitiously amasses billions of bits of information — every day — about internet users even if they opt out of sharing their information, three consumers alleged in a proposed class action lawsuit. “Google tracks and collects consumer browsing history and other web activity data no matter what safeguards consumers undertake to protect their data privacy,” according to the ...

Bloomberg Boris Johnson plans to re-set his government’s agenda with a major speech and a financial statement to prepare the UK for the new reality after the coronavirus pandemic. Amid forecasts of the worst recession in 300 years, Chancellor of the Exchequer Rishi Sunak is drawing up options to bolster the economy after the government withdraws its vast package of ...

Bloomberg Argentina’s most recent debt restructuring proposal would restore debt sustainability and there’s little room to further increase payments to private creditors, according to the International Monetary Fund (IMF). “There is only limited scope to increase payments to private creditors and still meet the debt and debt service thresholds,” the IMF said in a two-page statement published. “Argentine authorities’ revised ...

Bloomberg Companies in Germany used government support to compensate lost wages for a record 7.3 million employees in May, according to the Ifo Institute. A state scheme designed to prevent widespread dismissals initially saw applications for more than 10 million workers in March and April. As companies fought to survive the economic fallout from the pandemic, 72% of their staff ...