International News

Bloomberg With the annual Geneva car show cancelled for the first time since the World War II era, automakers are going virtual in a bid to wow the hordes who would otherwise descend on the Swiss city to inspect the latest models up close. BMW AG will livestream the debut of its i4 battery-car concept on Tuesday, while Mercedes-Benz’s popular ...

Bloomberg When Twitter Inc executives met their activist investor agitators from Elliott Management Corp for the first time last week, the man with the most to lose was absent. Jack Dorsey, the Twitter chief executive officer whose role is in the crosshairs, didn’t attend the summit in San Francisco where his future was the main topic of conversation, according to ...

Bloomberg Residential rents in Singapore rose to a three-year high in 2019, with prices boosted by strong overseas demand that signals the city-state’s continuing appeal among expatriates. Rents climbed 1.4% last year, according to real estate agency OrangeTee & Tie Pte, using data from the Urban Redevelopment Authority. The number of leases signed reached a decade-high 93,920 units last year, ...

Bloomberg Registrations of new Tesla Inc cars in China plunged 46% in January from a month earlier as the Lunar New Year holiday and an emerging coronavirus outbreak kept vehicle buyers away. In January, 3,563 Teslas were registered in China, down from 6,643 in December, according to state-backed China Automotive Information Net, which gathers industry data based on insurance purchases. ...

Bloomberg Activity in China’s manufacturing sector contracted sharply in February, with the official gauge hitting the lowest level on record, highlighting the devastating impact of the coronavirus on the economy and raising the risk of a worsening global stock rout. The manufacturing purchasing managers’ index plunged to 35.7 in February from 50 the previous month, according to data released by ...

Bloomberg India’s nationwide roll-out of smart power meters, aimed at supporting ailing utilities and bolstering reliable electricity supply, will cost about 1.5 trillion rupees ($21 billion), according to a government estimate. The prepaid meters are expected to help to improve billing and collection, which are the most basic problems facing the country’s ailing distribution companies, known as discoms. These utilities, ...

Bloomberg South Korea urged the US to “refrain from taking excessive measures” after the State Department raised its travel advisory on the Korean city of Daegu, where most of the nation’s novel coronavirus cases are centred. Foreign Minister Kang Kyung-wha spoke to US Deputy Secretary of State Stephen Biegun by phone, according to a statement from the South Korean foreign ...

Bloomberg India’s economy slowed to a more than six-year low in the final three months of last year, and it now faces a fresh threat from the coronavirus outbreak. Data showed growth decelerated to 4.7% in the three months through December from a year ago, the third straight quarter of decline and matching the median forecast in a Bloomberg survey ...

Bloomberg In an October post on TikTok, digital magician and video star Zach King walks up to the counter at Chipotle to receive a burrito bowl with chips. After he pays, he jumps and his clothes change in an instant into astronaut gear. Soon, everything in the store is floating in apparent zero gravity. Another star, Brittany Broski — known ...

Bloomberg Qualified labs will be able to develop and use their own coronavirus screening tests without waiting for an FDA authorisation, under a policy change that aims to address test-kit shortages that have come under heavy criticism. The Food and Drug Administration announced the move, hours after the Centres for Disease Control and Prevention announced four new cases of the ...