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Tesla denies it signed deal with China’s Lishen

Bloomberg Tesla Inc hasn’t signed any pact with Tianjin Lishen Battery Joint-Stock Co, a spokeswoman for the electric-car maker said, denying a Reuters report that it had inked a preliminary agreement with the Chinese firm. “This is completely false,” according to a WeChat response to a query from Bloomberg News. “Tesla previously received quotes from Lishen, but did not proceed ...

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Singapore to focus on health, infrastructure in budget

Bloomberg Singapore’s finance minister said next month’s budget will focus on infrastructure spending, healthcare for an aging population, and helping businesses transition to a digital economy. “We want to be able to continue to invest in education, the healthcare of our people, and in taking care of the growing number of seniors,” Heng Swee Keat said in an interview with ...

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Facebook scandals put US watchdog’s power at stake

Bloomberg Facebook Inc’s repeated privacy scandals have infuriated users, lawmakers and data-security advocates who are clamouring for a forceful government response. That job mainly falls to Joe Simons, who is under pressure to satisfy doubters or risk sidelining his agency as the nation’s chief privacy watchdog. The chairman of the Federal Trade Commission talked tough when he took over the ...

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