International News

Bloomberg Ride-hailing firm Grab Holdings Inc reversed its decision to cease a driver incentive programme in Singapore following a backlash from drivers who are worried about their earnings during the coronavirus outbreak. The move comes after Grab unexpectedly told its driver partners it would replace existing incentive programmes with a new government-backed virus aid package. Grab’s so-called “Super Steady Streak” ...

Bloomberg An Indian government investigation hasn’t found any significant financial irregularities in the operations of the Indiabulls group, according to people familiar with the matter. The companies’ shares jumped. The registrar of companies in its third inspection report has said all transactions between various units of the group have been at arms’ length, the people said, asking not to be ...

Bloomberg The weeks-long closure of schools over virus fears across China and Hong Kong is testing kids — and their parents. Working mom Chen Yan has taken to installing a surveillance camera at home to see what her 12-year-old son is up to during the day while she’s at the office in mainland city of Shaoguan, in Guangdong province. So ...

Bloomberg Samsung Electronics Co will shut down operations at a plant in Gumi City, South Korea, after an employee was confirmed to be infected with the coronavirus. The suspension will last until Monday morning to prevent the virus from spreading, the company said in an emailed statement. Samsung Electronics, has two production lines in Gumi, about 200 kilometers southeast of ...

Bloomberg The White House plans to hold a conference with Huawei Technologies Co rivals to try to accelerate development of affordable competing 5G wireless technology, President Donald Trump’s top economic adviser said. “We’re working carefully, closely with Nokia and Ericsson,” National Economic Council Director Larry Kudlow told reporters. “We’re going to be holding some kind of a conference in about ...

Bloomberg Donald Trump’s trade truce with China is expected to push American soybean stockpiles to the lowest since the trade war began. But corn stocks are going in the opposite direction, ballooning to the highest in three decades. And the president’s hints for more farmer aid could make the disconnect between the two even more pronounced. Soybean reserves will fall ...

Bloomberg Alphabet Inc’s Google has reached a settlement with state attorneys general over the states’ use of consultants in their antitrust investigation of the internet search giant. Google in October went to court to restrict the Texas Attorney General’s office from disclosing sensitive information to consultants who have worked for competitors and other companies such as News Corp and Microsoft ...

Bloomberg Amazon.com Inc has asked a court to force the government to hand over documents related to Defense Secretary Mark Esper’s decision to recuse himself from making decisions on a $10 billion cloud-services contract. In a court filing made public on, Amazon seeks a trove of documents to bolster its challenge of the Pentagon’s Joint Enterprise Defense Infrastructure (JEDI) cloud ...

Bloomberg Amazon.com Inc doesn’t provide enough data security for sellers sending emails on its marketplace platform, according to a complaint filed by Noyb, a group created by Austrian privacy activist Max Schrems. Emails are routed through Amazon servers that in some cases fail to provide so-called TLS encryption, which is a standard safety practice, according to the complaint, which was ...

Bloomberg European Union (EU) leaders failed to clinch a deal on its next long-term budget as deep divisions over spending bubbled up in the aftermath of Brexit. After a 28-hour extraordinary summit in Brussels, they conceded it was impossible to nail down a seven-year spending plan and will have to reconvene sometime before the end-2020 deadline. “Unfortunately today we’ve observed ...