International News

Bloomberg Sajid Javid was planning to reduce the basic rate of income tax, cut the tax on home sales and offer relief on capital investments in the budget he was expecting to present as Boris Johnson’s finance minister. In an interview with the Times conducted two weeks after he quit the government in a dispute with the prime minister, Javid ...

Bloomberg Three out of five college graduates say they should have majored in something different and would go back and change their field of study if they could, according to a survey by Bestcolleges.com. Why they want a change depends on their age. About a third of dissatisfied folks ages 24-39 said they should have focused on subjects that improved ...

Bloomberg General Motors Co said it will hire 1,200 new workers for its two plants in Lansing, Michigan, in part because of rising demand for the company’s mid-sized sport utility vehicles. The automaker plans to add a third shift and 800 workers at its Lansing Delta Township plant, where it builds the Chevrolet Traverse and Buick Enclave SUVs. GM also ...

Bloomberg Indian poultry sales have been plunging on rumours spread by social media claiming that chickens are linked to the coronavirus, according to the country’s top animal feed company. Industry-wide weekly sales have plummeted at least 47% in the past three to four weeks, while prices have slumped almost 60%, said BS Yadav, managing director of Godrej Agrovet Ltd. “The ...

Bloomberg As the novel coronavirus starts to gather speed in Europe, the Middle East and the US, there’s one place it is seemingly being contained: Singapore. With no reported virus-related deaths despite 96 cases, and a slowing rate of infection that’s been outpaced by recoveries, the Asian city-state is emerging as a litmus test of whether the deadly pathogen can ...

Bloomberg India is considering options including offering subsidised loans to cash-strapped wireless carriers that owe $13 billion in past dues, according to people with knowledge of the matter. The proposals include asking the companies to pay 20% of the principal upfront and the rest over a period of 16 years at an interest rate of 0.5% over the yield on ...

Bloomberg China is slowly starting to get back to work, as it battles the coronavirus outbreak that has killed more than 2,900 people and sickened tens of thousands. Government controls and the fear of going outside have curtailed spending, and many factories are still not working at full capacity due to a lack of staff, with workers still in their ...

Bloomberg Mitsubishi UFJ Financial Group Inc’s securities joint venture with Morgan Stanley is cutting equities staff in Tokyo, including several managers, people with knowledge of the matter said. Managers Yasutaka Takedomi and Toru Kaneda are among five to 10 employees in the sales trading team who are leaving Mitsubishi UFJ Morgan Stanley Securities Co, the people said, asking not to ...

Bloomberg Singapore enhanced its pledge to reduce the amount of greenhouse gases it emits, saying it now aims to halve emissions from an expected peak in 2030 within the following two decades. The Southeast Asian city-state expects the emissions ceiling to be 65 million tons of carbon dioxide around 2030, Senior Minister Teo Chee Hean said in Parliament. That will ...

Bloomberg The economic bounce from Boris Johnson’s Brexit breakthrough could be cut short as the coronavirus casts a pall on the nascent recovery. While there have been signs of a rebound in investment, retail sales and even house prices, Britain is an open economy that’s particularly susceptible to global events. The virus is already having an impact on the UK, ...