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Indonesia vows fresh stimulus amid virus risk

Bloomberg Indonesia has pledged to boost stimulus efforts aimed at countering the coronavirus crisis by as much $1.8 billion, Finance Minister Sri Mulyani Indrawti said, as the outlook for Southeast Asia’s biggest economy continues to deteriorate. The government is preparing a raft of new measures to support the economy, Indrawti said on Wednesday, including re-allocating as much as 10 trillion ...

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How China bent over backward to help Tesla when the virus hit

Bloomberg After the coronavirus outbreak caused a nationwide shortage of face masks in January, Chinese officials were quick to ensure that Tesla Inc wouldn’t be left without. China’s government helped the California-based carmaker secure the sought-after supplies that allowed it to reopen at a time when many of its competitors were still shut down. Tesla received 10,000 masks, cases of ...

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Techint unit found payments of ‘concern’ in Eskom contract

Bloomberg Tenova SpA, a unit of the Italian billionaire Paolo Rocca’s Techint Group, has appointed legal and forensic-accountancy firms to assess its dealings with South Africa’s Eskom Holdings SOC Ltd after identifying payments that caused the company “concern.” A contract between the mining and manufacturing-services provider and state-owned Eskom is one of a number of agreements, including ones frm Alstom ...

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