International News

Bloomberg The Chinese Embassy to Denmark wants the newspaper Jyllands-Posten to apologise for publishing a drawing that depicts China’s flag with virus symbols instead of five stars. “We express our strong indignation and demand that Jyllands-Posten and [cartoonist] Niels Bo Bojesen reproach themselves for their mistake and publicly apologise to the Chinese people,” the embassy said in a statement on ...

Bloomberg UK prime minister Boris Johnson will put his friendship with president Trump to the test this week as he is poised to allow Huawei Technologies Co a role in the country’s fifth-generation wireless broadband networks. In the week that the UK ends its 45-year relationship with the European Union, (EU) Johnson is expected to make a series of critical ...

Bloomberg German business expectations took a surprising turn for the worse at the start of the year, underscoring the challenges Europe’s largest economy faces in exiting a protracted slowdown. The Ifo Institute’s measure of executives’ outlook fell to 92.9, missing economist estimates for a gain. The drop was driven by dwindling prospects in services and construction — sectors that supported ...

Bloomberg Drugmakers are racing to find medicines that can curb the spread of the coronavirus as the infection bypasses China’s travel restrictions. Pharmaceutical companies from Gilead Sciences Inc to Moderna Inc are pursuing two main strategies: helping to re-purpose medicines developed against other lethal viruses from Ebola to HIV, and relying on new technologies to develop a vaccine faster than ...

Bloomberg Japanese power producers have been emitting more carbon dioxide since a nuclear disaster in 2011 led to an increased reliance on fossil fuels, but a new kind of bond could help them reverse that trend. So-called transition bonds can pay for not-so-green companies to move towards cleaner business models, and Japanese electrical utilities could issue them to help reduce ...

Bloomberg A group of investors led by SoftBank’s Latin America Fund will invest $125 million in AlphaCredit, the Latin American financial technology platform said. The investment will allow “AlphaCredit to consolidate its place as one of the leading financial technology platforms in Latin America, continue its expansion and leverage the competitive advantages of its proven and profitable business model,” the ...

Bloomberg Renault SA could name a new chief executive officer ahead of a crucial meeting in Japan on Thursday aimed at showing that the deeply-troubled alliance with Nissan Motor Co and Mitsubishi Motors Corp is moving past the Carlos Ghosn era. The French carmaker’s board gave the green light for Luca de Meo to become the new CEO, Le Parisien ...

Bloomberg WeWork agreed to provide space in New York to 250 Gympass employees, Reuters reported, citing people familiar with the matter. SoftBank is a minority investor in the gym membership app company and is the majority owner of the US office-sharing company WeWork WeWork and Gympass agreed a three-year deal, according to the sources.

Bloomberg Temasek Holdings Pte has “significantly” increased the number of companies it’s bought into while boosting the value of its portfolio by about 3%, Temasek International Chief Executive Officer Dilhan Pillay said. The Singapore state investor’s portfolio value as of March 31, 2019 was S$313 billion ($232 billion) — up 1.49% from the year prior. When asked how it has ...

Bloomberg Japan’s goal of attracting 40 million visitors this year may already be in danger, following China’s decision to ban tour groups going overseas to help contain the impact of the rapidly spreading novel coronavirus. Chinese tourists made up almost a third of all arrivals to Japan in 2019, in a year that saw visitor growth impacted by a diplomatic ...