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JLR’s India business has no value, says CLSA

Bloomberg With the coronavirus pandemic crippling demand for automobiles worldwide, Tata Motors Ltd is worth nothing without its luxury unit Jaguar Land Rover (JLR), according to CLSA Ltd. The $3.7 billion Indian auto company faces a significant increase in debt due to the crisis, and its plan to deleverage may be delayed by four to six quarters, CLSA said. It ...

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Fauci to warn senate of virus death if US reopens too fast

Bloomberg The nation’s top infectious disease official, Anthony Fauci, was expected to issue a stern warning against reopening the economy too soon during a Senate hearing on Tuesday, saying it risks multiple new coronavirus outbreaks throughout the country. The US risks “the danger of trying to open the country prematurely,” Fauci said in an email to a New York Times ...

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US senate joins calls for Taiwan to regain WHO observer status

Bloomberg The US Senate unanimously approved a bill seeking the restoration of Taiwan’s observer status with the World Health Organization (WHO), escalating an international campaign to push back against Chinese efforts to isolate the island. The bipartisan measure calls on the State Department to report about Taiwan’s participation as an observer at the World Health Assembly — a key WHO ...

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