International News

Bloomberg Public transportation systems around the US are asking the federal government for an additional $32 billion, double the amount lawmakers are proposing in the latest relief bill, to help mass-transit providers cover lost revenue during the coronavirus pandemic. The funding request from New York’s Metropolitan Transportation Authority and mass-transit systems in New Jersey, San Francisco and Atlanta comes as ...

Bloomberg Elon Musk’s Space Exploration Technologies Corp. is seeking almost $656,000 in new funding from California in the midst of the billionaire’s battle over whether Tesla Inc. should be reopening its plant in the state. SpaceX’s request for funds to train existing workers and hire new ones will go before the state’s Employment Training Panel on May 15, one week ...

Bloomberg Brazilian port workers are starting to fall ill as the coronavirus pandemic reaches one of Latin America’s busiest shipping hubs. At least three privately-run terminals that handle soybeans, corn, sugar and coffee at Brazil’s Santos port have registered two cases each of Covid-19 in the past two weeks, according to people with direct knowledge who asked not to be ...

Bloomberg More than 1,000 workers at European slaughterhouses have contracted Covid-19, highlighting the growing challenges the global meat industry faces from the pandemic. In Ireland, 556 workers in 10 meat-processing facilities tested positive as of last week, the nation’s health department said. The Robert Koch Institute, which publishes daily Covid-19 reports in Germany, said there have been outbreaks at plants ...

Bloomberg Economists are forecasting the Indian economy to shrink 0.4% in the year to March as a result of steps to contain the coronavirus pandemic, according to the latest survey by Bloomberg News. The forecast has been slashed thrice since February and represents a sharp cut from the 1.7% expansion seen in April, according to the median of 19 economists ...

Bloomberg China is allowing executives from some foreign companies to enter the country despite a coronavirus travel ban as it seeks to restart the economy, according to people familiar with the matter. The Ministry of Commerce told some key foreign companies they can apply for exemptions to the entry ban if they want to get executives back into China, the ...

Bloomberg China is stepping up purchases of soybeans from the US as Brazilian sales start to wane and the Asian nation seeks to meet its pledges under the trade deal with Washington, according to people familiar with the matter. State-run buyers have purchased more than 20 cargoes, or over 1 million metric tons, of American soybeans in the past two ...

Bloomberg The Philippines will keep the capital region that has the most coronavirus infections under a lockdown but it will allow some businesses to reopen in the area as it eases curbs in many parts of the country. President Rodrigo Duterte will put Metro Manila, Laguna province south of the capital and Cebu City in the Visayas under a modified ...

Bloomberg Toyota Motor Corp warned profit will tumble 80% to a nine-year low and predicted it could take another year before global car sales return to pre-virus levels, the latest sign that expectations for a quick economic rebound are fading. Japan’s biggest automaker is targeting operating profit of 500 billion yen ($4.65 billion) for the year through March, the company ...

Bloomberg With the coronavirus pandemic crippling demand for automobiles worldwide, Tata Motors Ltd is worth nothing without its luxury unit Jaguar Land Rover (JLR), according to CLSA Ltd. The $3.7 billion Indian auto company faces a significant increase in debt due to the crisis, and its plan to deleverage may be delayed by four to six quarters, CLSA said. It ...