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S’pore prepares budget for virus fallout

Bloomberg Singapore will roll out a “strong” economic package next week as part of its national budget to mitigate the economic fallout from the coronavirus outbreak, with the impact on the trade-reliant city-state seen as worse than the 2003 Sars pandemic. The increased economic threat stems from several reasons, such as China’s economy being much bigger today as well as ...

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Facebook, Twitter face threat of fines in UK internet crackdown

Bloomberg The UK is planning to crack down on damaging Internet content on social media platforms, which could face fines for failing to prevent activities such as child exploitation and incitement to violence. The government is “minded” to give broadcast regulator Ofcom a role as internet watchdog, Culture Secretary Nicky Morgan and Home Secretary Priti Patel said in a statement ...

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Euro-area industrial output at 4-year low

Bloomberg A deep slump in euro-area industrial output at the end of last year highlights the scale of the challenge the sector will face in 2020. The 2.1% drop — the steepest in almost four years — will raise doubts about a meaningful rebound in momentum. The economy barely expanded in the fourth quarter and the outlook at the start ...

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