International News

Bloomberg Tencent Holdings Ltd picked up millions of new gamers during the global coronavirus outbreak — yet that surge in mobile play may be slowing as world’s No 2 economy goes back to work. The quest for entertainment among millions confined to home translated into a big boost for Tencent’s marquee games, Honor of Kings and Peacekeeper Elite. That helped ...

Bloomberg Thailand is preparing to restrict some aspects of daily life after the country’s biggest spike in coronavirus cases, further damaging one of Asia’s weakest economic outlooks. The steps to be considered include placing more curbs on foreign arrivals, cancelling events with big crowds and closing entertainment venues deemed risky for spreading the virus. Confirmed cases jumped by 32 on ...

Bloomberg The US economy will contract sharply in late March and April as consumers and businesses slash spending, with the short downturn likely be officially deemed as being a recession, according to Goldman Sachs Group Inc. The world’s largest economy will shrink 5% in the second quarter after zero gross domestic product growth in the first three months of the ...

Bloomberg There’s 1,000 miles and a body of water between Mark McGowan and the Italian epicenter of Europe’s coronavirus outbreak. He may as well be next door. His 16-room hotel, the Scholars Townhouse in Drogheda, north of Dublin, has seen a 60% drop in room revenue. The business market “just melted away overnight,” he said. “We have three people at ...

Bloomberg Ferrari NV has temporarily halted the production of its sports cars in Italy because of the spread of the coronavirus. The Italian supercar maker is experiencing its “first serious supply chain issues, which no longer allow for continued production,” it said in a statement on Monday. It will suspend production at the Maranello and Modena plants until March 27. ...

Bloomberg AT&T Inc. and Comcast Corp. are loosening up restrictions on internet plans as they deal with a surge in Americans working from home and pressure from regulators. AT&T lifted some data caps on broadband services, while Comcast said it would make its Xfinity Wi-Fi hot spots free for everyone. Comcast, the biggest cable company, also said it was “pausing” ...

Bloomberg Poland should provide fiscal stimulus to aid the virus-hit economy before the central bank considers cutting borrowing costs that are already at a record low, Monetary Policy Council member Grazyna Ancyparowicz said. “It’s high time for fiscal policy to play first fiddle,” Ancyparowicz said in an interview. “Our monetary policy has already been near its limit and absolutely nothing ...

Bloomberg Kansai Electric Power Co selected Vice President Takashi Morimoto as the new president, replacing Shigeki Iwane, after getting a report from a committee investigating the utility’s payoff scandal. A total of 75 officials from Kansai Electric took cash and presents worth about 360 million yen ($3.4 million) from Eiji Moriyama, a former deputy mayor of the town of Takahama, ...

Bloomberg Thailand said it will classify all travellers into three groups under intensified surveillance for the new coronavirus as officials try to prevent a wider outbreak in the tourism-reliant nation. People coming from China, Hong Kong, Macau, South Korea, Iran and Italy will be subject to mandatory 14-day self-quarantine, the Tourism Authority of Thailand said in a statement. They must ...

Bloomberg Lodha Developers International Ltd said it has repaid its $324 million bonds maturing on March 13, a refinancing investors saw as a key test for Indian borrowers amid nation’s credit crunch. The firm, which is building the Trump Tower in Mumbai, last week sold a $200 million bond to part-refinance the existing note, launched a last-minute tap this week ...