Bloomberg Zilingo, a fashion technology platform backed by Temasek Holdings Pte, has cut 5% of its 900-strong global workforce as part of a strategy to refocus on Asia and emerging markets, according to a person familiar with the matter. The Singapore-based startup dismissed 44 employees, including about 30 in the city-state, according to the person, who asked not to be …

Bloomberg China Development Bank Financial Leasing Co cancelled an order for 29 Boeing Co 737 Max planes, worth at least $2.9 billion based on list prices, joining a growing list of customers scaling back plans for buying the grounded jet. The move cuts the company’s outstanding Max order to 70, it said in a statement to the Hong Kong stock …

Bloomberg The guardians of the global economy came up short. Facing what the International Monetary Fund (IMF) says is a crisis like no other, policy makers from leading economies agreed this past week on a set of initiatives to help emerging markets and poor nations weather the coronavirus shock, including a path-breaking halt on debt payments. But critics faulted the …