Bloomberg A federal judge temporarily blocked Microsoft Corp from working on a $10 billion Pentagon cloud-computing contract after Amazon.com Inc asked for the delay as it challenges the validity of the award over allegations that President Donald Trump interfered. The government can’t proceed with implementing the contract “until further order of the court,†according to the decision by Court of ...
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Apple accused by ex-exec it’s suing of poaching staff
Bloomberg A former Apple Inc chip executive sued for allegedly betraying the iPhone maker by launching a startup and poaching its employees accused the technology giant of doing the same to him. Gerard Williams III, who last year left his job as lead chip architect at Apple and co-founded Nuvia Inc, fired back with his own claims against his former ...
Read More »FB prepares for wave of influencer marketing in politics
Bloomberg Facebook Inc is trying to clarify how it will handle a new wrinkle in the world of digital political advertising: politicians paying influencers to post on social media platforms like Instagram, which it owns. In the past, political entities were technically barred from offering money for posts, which has become a common practice for marketers. But Facebook is changing ...
Read More »Ships are skipping China and it’s causing turmoil for trade
Bloomberg February 2020 will come to be remembered as a period of historic disruption to physical supply chains the world over, as the coronavirus wrecks trade. Dozens of export sailings to ship China-made goods to consumers from the US to Europe — think handbags, flat-screen TVs, and plastic toys — have been canned since the coronavirus crisis escalated last month. ...
Read More »HK government to seek $3 billion to fight virus outbreak
Bloomberg Hong Kong’s government will seek approval from the territory’s legislature for at least HK$25 billion ($3.2 billion) in fresh funding to reduce the impact of the coronavirus outbreak in the city, Chief Executive Carrie Lam said. The amount includes measures to assist tour agencies, restaurants and students, as well as extra cash for the Hospital Authority. The government will ...
Read More »Malaysia plans stimulus as virus may hit growth
Bloomberg Malaysia will announce a stimulus package early next month as analysts slash their growth forecasts to account for the impact of the coronavirus outbreak. The package will involve all ministries, Transport Minister Anthony Loke said. Bank Negara Malaysia Governor Nor Shamsiah Mohd Yunos earlier said the measure will seek to support those affected by the coronavirus, including tourism and ...
Read More »Vodafone Idea at risk as court rejects plea
Bloomberg India’s top court rejected a plea by mobile carriers seeking more time to settle billions of dollars in back-fees and began contempt proceedings against the companies, threatening to push Vodafone Group Plc’s beleaguered local venture to the brink weeks after it warned of a potential collapse. The Supreme Court’s three-judge panel, headed by Arun Mishra, said that operators including ...
Read More »China tries its 3,000-year-old traditional remedy for virus
Bloomberg China is administering its centuries-old traditional medicine on patients affected by the coronavirus disease, a top health official said. Treatment in Wuhan hospitals combine Traditional Chinese Medicine, popularly known as TCM, and western medicines, said Wang Hesheng, the new health commission head in Hubei, the province at the center of the virus outbreak. He said TCM was applied on ...
Read More »Xi vows China will meet economic goals, defeat virus
Bloomberg President Xi Jinping pledged that China would meet its economic and social development goals while winning the battle against the deadly coronavirus. “We have the ability and confidence not only to defeat the epidemic, but also to accomplish the set goals and tasks for economic and social development. I believe China will be more prosperous after overcoming this epidemic,†...
Read More »Nissan sues Ghosn in Japan, seeks $91 million in damages
Bloomberg Nissan Motor Co is stepping up its pursuit of claims against former Chairman Carlos Ghosn, suing for 10 billion yen ($91 million) in damages from the former leader of the Japanese automaker and its alliance with Renault SA. The lawsuit filed in Yokohama District Court seeks to “recover a significant part of the monetary damages inflicted on the company ...
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