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Colombian GDP smash forecasts in Q1

Bloomberg Colombia’s economy grew much faster than expected at the start of the year, with record low interest rates supporting a revival in domestic demand. Gross domestic product (GDP) expanded 2.9% in the first three months of the year from the previous quarter, more than three times the 0.9% median forecast from analysts surveyed by Bloomberg. GDP rises 1.1% from ...

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Facebook loses challenge to Irish watchdog’s data curbs

Bloomberg Facebook Inc lost a court fight over an initial order from a European Union (EU) privacy watchdog threatening its transfers of users’ data across the Atlantic. An Irish court rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish Data Protection Commission’s decision. The dispute is part of the fallout from July’s ...

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China tech giants bet $19bn on global electric car frenzy

Bloomberg China is shaping up to be the first real test of Big Tech’s ambitions in the world of carmaking, with giants from Huawei Technologies Co to Baidu Inc plowing almost $19 billion into electric and self-driving vehicle ventures widely seen as the future of transport. While Apple Inc has long had plans for its own car and Alphabet Inc ...

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