International News

Bloomberg Hon Hai Precision Industry Co, Apple Inc’s most important manufacturing partner, expects its Chinese plants to begin operating normally by the end of March after resolving severe labor shortages brought on by the coronavirus outbreak. The Taiwanese company, which assembles the majority of the world’s iPhones from China, joins a growing number of corporations envisaging a return to normalcy ...

Bloomberg For all of Elon Musk’s domination of the burgeoning electric-vehicle business, Tesla Inc is struggling to get traction in Japan, a market he put on a pedestal early in the automaker’s early days. The day after taking the electric-car maker public in June 2010, the first Roadster sports cars shipped to Asia weren’t destined for Shanghai — they went ...

Bloomberg Nissan Motor Co is ready to make deeper cuts to fixed costs as the carmaker’s business deteriorates in a tough environment exacerbated by the coronavirus, said Chief Executive Officer (CEO) Makoto Uchida, who is three months into his tenure atop the struggling company. The CEO has promised to unveil a turnaround plan in May for the Japanese giant, which ...

Bloomberg SoftBank Group Corp, facing skepticism of its investment strategy, conveyed a message to Wall Street: Now is the time to invest. Masayoshi Son, SoftBank’s founder and chief executive officer, (CEO)told a roomful of fund managers and financial institutions at a private meeting in New York that recent market declines present an opportunity to take stakes in companies at discounted ...

Bloomberg Singapore is on track to start 5G deployment this year and achieve standalone coverage across the country by 2025, as the city-state seeks to further develop digital infrastructure. The Infocomm Media Development Authority intends to award 5G spectrum by mid-2020 after earlier receiving three submissions from Singtel, TPG as well as a joint submission from StarHub and M1, Minister ...

Bloomberg UK Prime Minister Boris Johnson will unveil a suite of emergency measures to tackle coronavirus after he was criticised for not doing enough to prepare for the spread of the disease. Schools could be closed and sports and music events cancelled if needed to protect the public, Johnson told the BBC. He was expected to appear alongside Chief Medical ...

Bloomberg President Donald Trump sought to show his personal engagement in the fight against coronavirus, meeting with drug company executives to elicit promises of new medicines and announcing he’ll visit federal health agencies later in the week. At the White House meeting, executives from Gilead Sciences Inc, Johnson & Johnson, GlaxoSmithKline Plc, Sanofi, Pfizer Inc and other manufacturers told Trump ...

Bloomberg Volkswagen AG unveiled a prototype for a battery-powered SUV to flank its ID.3 hatchback later this year and play a key role in strengthening the German manufacturer’s global push into electric cars. The marque’s first fully-electric SUV — dubbed ID.4 —is set to help take output of battery-powered vehicles to as many as 1.5 million cars by 2025, the ...

Bloomberg Twitter Inc is “strongly encouraging” its almost 5,000 global employees to work from home due to concerns over the spread of the Covid-19 coronavirus, the company said. The social media company made the suggestion as part of a blog update one day after it suspended all non-critical travel for workers, including pulling out of the South by Southwest conference ...

Bloomberg Elon Musk gave a public sign of support for Twitter Inc co-founder and Chief Executive Officer Jack Dorsey after an activist investor called for changes at the company including possibly replacing its leader. “Just want say that I support @jack as Twitter CEO. He has a good heart,” Musk tweeted, using a heart emoji in place of the word. ...