News

French economy to rebound from strike impact

Bloomberg France’s central bank is expecting a punchy rebound by the economy at the start of the year after disruption by strikes and a surprise contraction at the end of 2019. The Bank of France business indicators for January show economic growth resuming the pace it set for most of 2019, until December when prolonged protests over pension reform disrupted ...

Read More »

China warns France on excluding Huawei from 5G networks

Bloomberg China warned France against treating Huawei Technologies Co differently from European competitors when it comes to future 5G network equipment contracts, as the US mounts a campaign to keep the Chinese tech giant at bay. In a lengthy statement issued on its website, the Chinese embassy in Paris urged France to establish “transparent criteria and treat all companies in ...

Read More »

Gates to prioritise gender, climate in philanthropy

Bloomberg Bill and Melinda Gates, co-founders of the world’s biggest private foundation, said fighting climate change and promoting gender equality will be prominent issues in their philanthropy going forward. In a letter marking the 20th anniversary of the foundation’s inception, the couple said that climate has emerged as a key issue for the Microsoft Corp co-founder, while gender equality has ...

Read More »

Palm oil giant says blow to China, India sales is ‘temporary’

Bloomberg The double-whammy to palm oil demand from a trade spat with India and the coronavirus in China is likely to prove only temporary, according to FGV Holdings Bhd, one of the world’s largest producers. That’s because supplies are low this quarter, and food and fuel demand is set to stay robust over the long term, according to Chief Executive ...

Read More »

China outbreak to spur higher prices as farm links disrupted

Bloomberg China’s consumer prices rose the fastest in more than eight years last month, with the outbreak of the coronavirus and subsequent shutdowns of transport links across the country making further gains in the coming months likely. Consumer prices rose 5.4%, with food prices jumping the most since 2008 in January. Even before the coronavirus, prices were likely to have ...

Read More »

Chinese carmakers are now making face masks

Bloomberg A shortage of face masks has prompted Chinese companies from car manufacturers to energy providers to start making their own to help fight the coronavirus. Auto companies including BYD Co have reconfigured production lines to churn out masks that can help block particles and germs, with petroleum giant Sinopec and iPhone assembler Foxconn joining the fray. Some are also ...

Read More »

Jaguar Land Rover warns China virus could disrupt supply chain

Bloomberg Jaguar Land Rover announced that its supply chains outside China could be impacted by the coronavirus outbreak in an updated presentation to investors. The luxury carmaker wrote that it expects the virus to affect its fourth quarter but that it’s too early to quantify. Though the company issued an update to add that if disruption continues, supply chains outside ...

Read More »

India lifts export ban on ‘face masks’

Bloomberg India will again allow shipments of surgical and disposable masks and some gloves, about a week after placing them on a list of banned export items. However, exports of gloves made from nitrile rubber, a synthetic variety generally known as NBR, and masks other than two and three-ply, will continue to be restricted, according to a notification by the ...

Read More »

Ghosn hires Michael Ovitz for TV, film deals

Bloomberg Hollywood producers eager to dramatise the life of Carlos Ghosn, the former Nissan Motor Co chairman who staged a cinematic escape from Japan in December, are likely to get a simple response: call my agent. Not just any agent. Ghosn is working with Michael Ovitz, the founder of Creative Artists Agency and former president of Walt Disney Co, to ...

Read More »

Mahindra shares all set for biggest drop in ten years

Bloomberg Mahindra & Mahindra Ltd shares headed for their steepest decline in more than a decade after the Indian automaker reported a surprise drop in its December-quarter earnings. The stock tumbled 7.2% to 528.2 rupees at 3:21 pm in Mumbai, set for the steepest fall since August 2009, and the worst performance on the 16-member gauge of automakers. Other companies ...

Read More »
Send this to a friend