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World’s insurers await UK Covid ruling with billions at stake

Bloomberg Insurers battered by coronavirus are about to find out how much worse the damage could get. A London court is set to rule on Tuesday in a case involving about 370,000 policyholders, companies including Zurich Insurance Group AG and Hiscox Ltd. and potentially billions of pounds of claims. The UK markets watchdog brought the case after small businesses struggled ...

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Once a handset superpower, Nokia still commands a potent weapon

Bloomberg A good decade after Nokia Oyj’s mobile-phone business suffered a fatal blow at the hands of the iPhone, the Finnish company is still feeding off a lucrative asset that it salvaged from the wreckage. Nokia retained a catalogue of thousands of wireless communications patents that is steadily growing thanks to a thriving research operation. Now an attempt to change ...

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Tesla to ship China-built cars to Asia and Europe

Bloomberg Tesla Inc. plans to ship cars made at its Shanghai factory to other countries in Asia and Europe, according to people familiar with the matter, shifting its strategy for the plant to largely focus on supplying the local market. China-built Model 3s for delivery outside the country likely will start mass production in the fourth quarter, the people said, ...

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