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How to nudge one Covid-19 nonbeliever

A lot of Americans aren’t taking Covid-19 seriously. They aren’t wearing masks. They aren’t social distancing. They aren’t staying home. That’s one reason that the number of cases is spiking in the South and West. The problem is especially serious in Florida, Arizona, South Carolina, North Carolina, California, Tennessee and Texas, which are reporting the highest numbers of hospitalisations since ...

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Green-energy firms’ human-rights problem

Land seizures. Dangerous working conditions. Mistreatment of native populations. For decades, such practices were associated in the public mind with the oil and gas industries. That perception in turn undermined confidence in fossil fuels and, as climate change worsened, helped set the stage for a widespread boom in the renewable-energy business. Now that business is itself under scrutiny — and ...

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US lighting firm joins shift from China on higher tariffs

Bloomberg Alpan Lighting Products, Inc, a US manufacturer of solar lamps, is shifting production from China to Indonesia, joining droves of companies looking to escape higher tariffs triggered by the trade war with the US. PT CDS Asia, a unit of Alpan, will invest $14 million to build a factory in an industrial zone in Central Java, Indonesia’s Investment Coordinating ...

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Chinese firm Wahaha mulls IPO above $1b

Bloomberg Hangzhou Wahaha Group Co, one of China’s biggest drink makers, is weighing an initial public offering that could raise more than $1 billion, according to people with knowledge of the matter. A listing could come as soon as next year, the people said, asking not to be identified as the matter is private. The beverage company is working with ...

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Thailand plans opening its borders for high-spenders

Bloomberg Thailand’s plan to target high-spending foreigners to kick-start its travel sector has a green light after winning Cabinet approval and additional support from the nation’s aviation regulator. The Southeast Asian nation lifted on July 1 a near-total ban on foreign travellers. The majority of arrivals in the initial phase will be foreigners with direct ties to Thailand — such ...

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‘Philippine records’ left false trail for Wirecard executive

Bloomberg Faked immigration records in the Philippines were used to throw off authorities seeking a former executive at Wirecard AG, who went missing after the German firm was implicated in an accounting scandal. Immigration records seemed to indicate that Wirecard’s former second-in-command Jan Marsalek passed through the Philippines late last month. But video footage, airlines manifests and other records confirm ...

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Ambani’s Jio adds Intel backing with stake sale

Bloomberg The technology venture of billionaire Mukesh Ambani secured 18.95 billion rupees ($253 million) from Intel Capital, adding to a slew of investments since April that have reached more than $15 billion. The investment arm of computer chip giant Intel Corp agreed to buy a 0.39% stake in Jio Platforms Ltd, giving the business an equity value of $65 billion, ...

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India’s first Covid vaccine races to meet mid-August target

Bloomberg India has set an ambitious timeline for its first potential coronavirus vaccine — from human trials to general use in six weeks. Bharat Biotech International Ltd, an unlisted Indian vaccine maker, received regulatory approval to start human clinical trials for its experimental shot earlier this week and it already has India’s apex medical research body expediting the process. The ...

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Heavy rain, flood leave 18 people dead in Japan

Bloomberg Heavy rains in southern Japan left 18 people dead, while 14 were missing, as flooding and mudslides trapped some residents, a Kumamoto prefectural government official said on Sunday. The torrent caused the Kuma River to break its banks at multiple locations early on July 04, leading to severe flood damage, Kyodo newswire reported. Evacuations were ordered in some areas. ...

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