News

Bloomberg Alphabet Inc.’s Google will begin paying select media outlets featured in a yet-to-be released news service later this year, a major business shift for the search engine after years of pressure from media companies and regulators. The licensing deals will start in three countries and Google is in talks with publishers in six more, the company said. The service ...

Bloomberg Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising from Facebook Inc.’s network. Shares of the social media company fell 8.3% last week, the most in three months, after Unilever, one of the world’s largest advertisers, joined other brands in boycotting ads on the social network. Unilever said it would stop spending money with ...

Bloomberg Tesla Inc. was sued over a Maryland highway crash last year in which a Model 3’s airbags failed to deploy, leaving a college professor with brain damage. Elon Musk, the company’s co-founder, has touted the Model 3 as the “safest car ever built” with the lowest risk of injury of any vehicle tested by government regulators. The lawyers who ...

Bloomberg Britain said it’s set to relax quarantine requirements for people arriving from countries including France, Greece and Spain. A full list of nations with which the establishment of so-called air bridges will exempt incoming travellers from two weeks of self-isolation will be published next week, the UK government said in a statement. The new regime is be introduced a ...

Bloomberg Blank-check company Graf Industrial Corp. is in talks to merge with Velodyne Lidar Inc., a deal that would take public the maker of sensors used in self-driving vehicles, according to reports. Graf Industrial is working with an adviser to help raise funding for the potential transaction, said the people, who asked to not be identified because the matter isn’t ...

Bloomberg When coronavirus outbreaks forced shutdowns at America’s giant meat plants, it quickly created a bottleneck: Farmers had nowhere to sell their animals, while consumers faced shortages and surging prices. New, smaller slaughterhouses could be the antidote to industry concentration, but it’s no quick fix. Opening a slaughterhouse has plenty of hurdles. The facilities — where animals are killed, butchered ...

Bloomberg Oil extended declines after swelling US crude stockpiles and a surge in coronavirus cases across the nation raised concerns about demand in the world’s largest economy. Futures in New York slipped 2.3% towards $37 a barrel, after the biggest fall in almost two weeks in the previous session. The fear of new lockdowns sent US gasoline futures tumbling by ...

Bloomberg India plans to impose stringent quality control measures and higher tariffs on imports from China, people with the knowledge of the matter said, as a military standoff between the neighbours threaten economic ties. The state-run Bureau of Indian Standards is finalising tougher norms for at least 370 products to ensure items that can be locally produced aren’t imported, the ...

BUCHAREST / WAM The UAE Ambassador to Romania, Dr Ahmed Abdullah Saeed Al Matroushi, has met with Romanian State Secretary for Global Affairs and Diplomatic Strategies at the Ministry of Foreign Affairs, Cornel Feruta, and discussed enhancing relations between the two countries. During the meeting, which was held at the ministry’s premises in Bucharest, the two sides explored means of ...

ABU DHABI / WAM The United Arab Emirates announced the completion of the National Disinfection Programme. Dr Saif Dhaheri, the Spokesperson of the National Emergency Crisis and Disaster Management Authority announced the completion of the National Disinfection Programme nationwide. “Children below 12 in age are now allowed to enter commercial centres and restaurants across the emirates,” he said. However, public ...