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Key Mali opposition leader abducted during campaign

Bloomberg Gunmen abducted Soumaila Cisse, the leader of Mali’s main opposition party, and members of his campaign team days before parliamentary polls. Cisse and his team were attacked as they campaigned for the vote on Sunday near the candidate’s hometown of Niafunke in the north of the country, his Union for the Republic and Democracy said. A party official on ...

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Covid-19: Apple plans to move beyond China

Bloomberg Wistron Corp, one of Apple’s manufacturing partners, said half its capacity could reside outside China within a year. The declaration underscored how the Asian assemblers that keep the world supplied with iPhones and other gadgets are shifting to a higher gear after the coronavirus showed the folly of staking everything on one country. The move in production out of ...

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VW’s production shutdown costs $2.2b per week, says CEO

Bloomberg Volkswagen AG’s unprecedented move to halt output on both sides of the Atlantic costs the world’s largest automaker $2.2 billion per week, and CEO Herbert Diess said decisive action is critical to overcome the coronavirus pandemic. Sales outside China have effectively come to a standstill, while demand in the country, VW’s largest single market, has clawed back to about ...

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