Bloomberg House Speaker Nancy Pelosi warned US Olympic athletes to avoid acts of protest while in China for the winter games to avoid retaliation by the “ruthless” government in Beijing. “I would say to our athletes — you are there to compete. Do not risk incurring the anger of the Chinese government because they are ruthless,” Pelosi in testimony ...

Bloomberg Hong Kong national security police arrested a 75-year-old pro-democracy activist, according to a Chinese state media report that called him an “anti-China disruptor.” Koo Sze-yiu, a member of the League of Social Democrats, was arrested shortly after 6 a.m. Friday on suspicion of inciting subversion of state power under the city’s national security law, according to China’s official Xinhua ...

  Bloomberg US productivity surged last quarter by the most in more than a year, reflecting a sharp acceleration in economic output, while labour costs growth cooled. Fourth-quarter nonfarm business employee output per hour increased at a 6.6% annual rate from the previous three months, the largest advance since the second quarter of 2020, according to Labour Department figures. In ...

  Bloomberg German factory orders increased more than anticipated in December, a bright spot for Europe’s largest economy as the pandemic threatens to tip it into another recession. Demand increased 2.8% after rising a revised 3.6% in the previous month, a stronger reading than even the highest estimate in a Bloomberg survey of 27 economists. Domestic demand was a key ...

  Bloomberg Spain’s government will suspend the obligation to wear the face masks outdoors as soon as next week, Cadena Ser reported. The order, which was reintroduced last December to stem the Omicron variant, will take effect by next Wednesday, the radio station said, citing people in the government it didn’t identify. The news comes as the latest coronavirus wave ...

  Bloomberg New York Times Co. set a new goal of attracting 15 million subscribers by the end of 2027, aiming to double its current customer base as it signs up more paying readers and snaps up other digital media properties. In 2019, the Times set a goal of 10 million subscriptions by 2025. Unlike that target, the new goal ...

  Bloomberg UK car sales rebounded the most in seven months in January thanks to surging demand for battery-powered vehicles. New-car registrations rose 28% last month, according to data from the Society of Motor Manufacturers and Traders. One in five buyers opted for a car with a battery, with shipments of fully electric vehicles more than doubling and plug-in hybrids ...

  Bloomberg Mark Zuckerberg quipped that if he started to cry, it wasn’t because of the day’s news. His red, teary eyes were the result of a scratched cornea, the Facebook founder said, attempting to lighten the mood as Meta Platforms Inc.’s stock price lost more than a quarter of its value. At a company-wide virtual meeting, Zuckerberg explained that ...

  Bloomberg A wild start to the year for global equity markets hasn’t deterred investors, with data showing ever-increasing inflows in stock funds while bonds and cash are being dumped. Equity funds attracted $21.8 billion in the week to February 2, bringing the year-to-date total to $106 billion, according to Bank of America Corp (BofA) strategists tracking EPFR Global data. ...

  Bloomberg Hong Kong stocks posted their biggest post-Lunar New Year holiday advance since 2009, as traders played catch-up to gains in global equities and a rally in financials outweighed the impact of an overnight tech rout in the US. The Hang Seng Index closed up 3.2% on Friday. AIA Group Ltd. and HSBC Holdings Plc were among those leading ...