Bloomberg Mexico’s economy recovery will take longer than expected and will depend on evolution of coronavirus pandemic, Finance Minister Arturo Herrera said. International consensus was for a two-month lockdown followed by a fast economic recovery, Herrera said during a virtual meeting of G20 finance ministers and central bank governors. “The recovery horizon will be longer, as long as a vaccine ...

Bloomberg Prime Minister Boris Johnson’s chief scientific adviser acknowledged there were failings in the UK’s response to the coronavirus pandemic, and said some decisions will turn out to have been wrong. “It’s clear that the outcome has not been good in the UK,” Patrick Vallance told the House of Commons Science and Technology Committee hearing. “There will be decisions made ...

Bloomberg EBay Inc. would prefer to keep a stake in the classified advertising business it’s selling, according to reports, lessening the chances Prosus NV will win the hotly-contested auction. The decision at a board meeting gives a surprise boost to a bid from Norwegian online marketplace Adevinta ASA, which offered a mix of cash and stock and would leave EBay ...