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Facebook warning shows threat to Google as ad budgets shrink

Bloomberg Google and other digital advertising companies are seeing revenue growth wither as marketers slash spending ahead of an expected recession triggered by the coronavirus. The global pandemic and the ensuing slump in economic activity is crushing several industries that have been big buyers of Google and Facebook Inc. ads, including online travel agents, automakers, restaurants and retail. “I’m hearing ...

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World’s biggest tractor maker Deere halts output in Brazil

Bloomberg Deere & Co. is halting production in agricultural behemoth Brazil as the coronavirus outbreak erodes sales for the world’s biggest tractor maker. In a bid to protect employees and families, Deere said it will suspend two facilities in Brazil on Wednesday for an undetermined period while four other units will stop on Monday. Deere, the world’s biggest tractor maker, ...

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Trump eases blame game, says he’ll stop using ‘Chinese virus’

Bloomberg President Donald Trump said he would stop using the term “Chinese virus,” the latest indication that the US and China are seeking to deescalate their blame game over the deadly pandemic. “I don’t regret it, but they accused us of having done it through our soldiers, they said our soldiers did it on purpose, what kind of a thing ...

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