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UK inflation rate falls below 1% in April

Bloomberg UK inflation slowed to the weakest level since 2016 in April as energy prices fell and the coronavirus lockdown put the brakes on economic activity. The prospect of persistently low inflation will fuel speculation that more action is needed from the Bank of England, intensifying the debate among policy makers over taking rates below zero for the first time. ...

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Argentina debt proposals far apart with deadline looming

Bloomberg Argentina and creditors seeking to hash out a $65 billion bond restructuring are still far apart, just days away from a deadline that could plunge the country into default. Talks have continued since bondholders sent two counterproposals, but there’s a gap of about 20 cents on the dollar between the government’s offer and the most aggressive creditors, according to ...

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Facebook to limit offices to 25% capacity

Bloomberg Facebook Inc. will limit offices to 25% occupancy, put people on multiple shifts and require temperature checks when it lets employees back into workplaces beginning in July, according to people familiar with the matter. The social media company outlined to staff globally how it plans to handle a return to major job sites starting July 6, providing a glimpse ...

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