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Hong Kong’s faulty wristbands allow quarantined to wander free

Bloomberg A glitch in Hong Kong’s electronic tracking system, designed to ensure people under compulsory quarantine orders stay at home, could potentially allow many to go outside undetected. Some Hong Kong residents returning from overseas have found they can’t register with the app that’s meant to track their movements via their mobile phone, meaning authorities have no information on their ...

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France announces $4.3 billion support package for startups

Bloomberg France is setting up a 4 billion-euro ($4.3 billion) package to help the country’s startups survive the coronavirus pandemic and maintain cash levels in between their fundraising. “Our goal is for startups to pass that crisis and then continue with their growth,” Digital Minister Cedric O said on Wednesday. “Startups represent between one-sixth and one-fifth of jobs created in ...

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Germany closes in on historic bailout to counter virus blow

Bloomberg Germany took a step towards declaring a state of emergency to unlock a historic rescue package to cushion the blow of the coronavirus pandemic. Finance Minister Olaf Scholz urged lawmakers to open up constitutional debt limits to combat a crisis that threatens modern life. New borrowing of $169 billion, equivalent to half of the country’s normal annual spending, will ...

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