Bloomberg Brazil’s two biggest cities will be governed by centrist mayors who defeated President Jair Bolsonaro’s candidates in nationwide municipal elections, consolidating the return of more moderate political actors following a conservative wave that swept the country two years ago. Brazilians went to the polls to choose mayors for Sao Paulo, Rio de Janeiro and 55 of the country’s 5,500 ...

Bloomberg The Polish government is getting increasingly upset with European Union efforts to add conditions to budget funding, but the issue isn’t enough for them to consider quitting the bloc, a deputy minister said. While Hungary and Poland have long flouted democratic values that other European countries hold dear, officials in Brussels have struggled to discipline them as each can ...

Bloomberg Boris Johnson is battling to convince his own Conservative Party colleagues to back plans to keep most of England under strict pandemic controls when the national lockdown ends this week. Ministers on Monday were expected to publish analysis of the health, economic and social impacts of the pandemic and the measures taken to suppress the disease, before a scheduled ...

Bloomberg The splintering of the global tech supply chain that began during President Donald Trump’s watch looks set to persist under his successor. Apple Inc, the largest of the many tech giants that rely on Chinese factories to make their gadgets, will move some production of its iPads and MacBooks to Vietnam. Key assembly partner Hon Hai Precision Industry Co, ...

Bloomberg HSBC Holdings Plc is considering offloading its struggling retail network in the US, a market the British bank has called one of its biggest strategic challenges. The bank’s management is looking at a complete withdrawal from its retail operations in the country, although a full exit from other businesses in the US is unlikely, according to a person familiar ...

Bloomberg The UK will ban the installation of 5G equipment from China’s Huawei Technologies Co by the end of next September. The restriction is part of an “initial” 250 million-pound ($333 million) package of measures brought in to diversify Britain’s wireless supply chain announced by the Department for Digital, Culture, Media and Sport. The stricter rules may also help fend ...

Bloomberg Italy’s government has approved a fourth stimulus package to support businesses hit by the latest restrictions to stem the spread of the coronavirus. The package is worth 8 billion euros ($9.6 billion), according to a statement published on Monday. It delays tax deadlines for companies and expands cash handouts for workers in tourism and the arts, which have been ...

Bloomberg Online shoppers in the US are expected to drop a record-busting $12.7 billion on Cyber Monday — the busiest e-commerce day of the year — presenting a valuable opportunity for retailers whose websites, customer service departments and delivery operations can withstand the period of crushing traffic. Amazon.com Inc, Walmart Inc, Target Corp, Best Buy Co and others have been ...

Bloomberg US futures slipped and European stocks steadied on the last day of the month after record-breaking rally in global equity markets. Oil extended a retreat on signs of discord among Opec+ ministers. The rotation that sent stocks to all-time highs showed signs of a slight reversal, with technology companies holding firm, while small-caps, banks and energy producers were broadly ...

Bloomberg South Africa’s main stock benchmark index dropped for a second day, down 1.1% by 9:42 am in Johannesburg, the biggest intraday decline in more than a week, as market giant Naspers Ltd joined diversified miners and banks in pulling the main gauge lower. Risk-off sentiment was evident in early trade, with 91 of the 141 listed companies declining, while ...