Bloomberg The UK government is loosening its bankruptcy rules to allow struggling businesses to continue trading if they can’t pay their debts because of the impact of the coronavirus. In another sign of how the pandemic is forcing governments to upend policy, Business Secretary Alok Sharma said the changes would allow British companies being reorganised to access supplies and raw ...

Bloomberg Microsoft Corp.’s agreement to acquire 5G software maker Affirmed Networks Inc. valued the company at about $1.35 billion. Microsoft announced the deal without disclosing financial details. Microsoft already serves telecom customers and struck an agreement with AT&T Inc. last year with the aim of moving more the carrier’s network to its platform. Microsoft has been building its cloud computing ...

Bloomberg The North American International Auto Show said it’s canceling the industry’s biggest event scheduled in June and will resume the show in 2021. The venue, TCF Center, will be repurposed as a field hospital for Covid-19 cases, the organisers said. The Detroit Auto Show will resume on June 11, 2021, with the public show scheduled for June 19-26. “Although ...