Bloomberg Of all the ways our lives have changed during the coronavirus pandemic, few are as obvious as how, and where, we eat. With restaurants either shuttered or reopening with vastly reduced capacity, and people staying home as second-wave outbreaks erupt, demand for food-delivery services has exploded. Now Kishin RK, the 36-year-old heir to a multi-billion dollar Singapore property empire, ...
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UK government looked other way on Russia meddling: Report
Bloomberg British intelligence services must conduct a full review of the 2016 Brexit referendum to see whether hostile Russian action swayed the vote, after the government failed to investigate, a panel of lawmakers said. Members of Parliament’s Intelligence and Security Committee accused ministers of deliberately avoiding the question because they did not want to know whether Russia had tried to ...
Read More »Slovak PM faces no-confidence vote
Bloomberg Slovak opposition parties launched a no-confidence motion against Primer Minister Igor Matovic, saying he’s morally unfit to lead the European Union member because he plagiarised his university thesis. Opposition lawmakers led by two former prime ministers filed a motion on Tuesday seeking the vote, which has to be held within seven days. The move follows a report by the ...
Read More »China threatens Taiwan’s toehold in HK
Bloomberg For decades, Hong Kong served as a bridge between China and Taiwan. Now, that appears to be just one more thing that’s changing in the former British colony. China’s insistence that Taiwanese officials as a condition of stay in Hong Kong sign a statement agreeing that both sides belong to “one China†adds pressure on Taipei to close its ...
Read More »Indonesia to start vaccine trial from next month
Bloomberg An Indonesian state-owned drugmaker plans to start human trials of Sinovac Biotech Ltd’s coronavirus vaccine next month and aims to begin commercial production early next year. PT Bio Farma will administer the vaccine supplied by Beijing-based Sinovac on 1,620 people in the age group of 18 to 59 years, company’s President Director Honesti Basyir said in a statement. The ...
Read More »Trump reverses course on masks, calling them ‘patriotic’
Bloomberg The mask may have reached a tipping point. President Donald Trump’s administration pushed to encourage mask-wearing, explicitly endorsing a measure widely seen as crucial to stemming the coronavirus pandemic, and potentially quelling a bitter debate that experts say costs lives. The president, who for months resisted covering his face in public, tweeted that “it is Patriotic to wear a ...
Read More »US, UK discuss plans for coalition to resist China
Bloomberg US Secretary of State Michael Pompeo praised Britain’s tougher stance on China as the transatlantic allies signalled they are planning more coordinated action against Beijing. Pompeo said he wants to build a “coalition†that understands the “threat†posed by China, after talks with UK Foreign Secretary Dominic Raab in London on Tuesday. At a press conference following their meeting, ...
Read More »UK budget deficit swells to record on Covid-19 stimulus
Bloomberg The UK government borrowed over twice as much last quarter than it did in the whole of the previous fiscal year, amid the towering cost of supporting the economy through the coronavirus crisis. The budget deficit stood at 35.5 billion pounds ($45 billion) in June, taking borrowing in the first three months of the fiscal year to a record ...
Read More »EBay sells classified business to Norway’s Adevinta for $9.2bn
Bloomberg EBay Inc. agreed to sell its online classifieds business to Norway’s Adevinta ASA for $9.2 billion, ending one of the largest auctions of the year. Under the deal, EBay will get $2.5 billion of cash and 540 million shares in the Norwegian firm, the companies said in a statement on Tuesday. Shares in Adevinta rose as much as 39%. ...
Read More »Novartis trims 2020 sales forecast on virus disruption
Bloomberg Novartis AG trimmed its sales forecast for the year as pandemic hit demand for eye drug Lucentis and other medicines. Sales are expected to grow by a mid-single-digit percentage, the Swiss drugmaker said Tuesday, narrowing an April forecast that ranged up to the high-single digits. Earnings excluding some items will likely increase by a low-double-digit percentage, according to a ...
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