Bloomberg The Hong Kong government confirmed that John Lee was only candidate nominated for chief executive, clearing the way for him to take power after an uncontested leadership election next month. Lee, 64, a former chief secretary for administration and police official, received 786 valid nominations from the roughly 1,500-member Election Committee that picks the city’s leader, the government ...

Bloomberg US factory production rose in March by more than forecast, marking the third straight month of gains that show steady progress for manufacturers against a backdrop of gradually improving supply chains. The 0.9% increase followed a 1.2% gain in February, Federal Reserve data showed. Total industrial production, which also includes mining and utility output, also rose 0.9% during the ...

  Bloomberg Developers responsible for building half of the new homes in the UK have committed more than 2 billion pounds ($2.6 billion) to help fix safety issues. So far 35 developers have made commitments to fix issues on buildings that are up to 30-years old, the UK department for Leveling Up, Housing and Communities said in a statement. The ...