Bloomberg Philippine President Rodrigo Duterte flew from the capital Manila, which remains on lockdown, to his hometown in Davao City on Saturday in a trip his spokesman said was partly for official reasons. The 75-year-old leader went home “for a visit after more than two months of not being able to see his family,” said Jesus Durante, head of Duterte’s ...

Bloomberg The controversy over President Jair Bolsonaro’s push to resume normal life in Brazil amid the mounting coronavirus death toll has spread to soccer, the country’s most revered sport. Bolsonaro’s drive to resume games as soon as possible has run into opposition from top clubs and players, who prefer to wait until the pandemic has subsided. The clash is yet ...

Bloomberg President Donald Trump unveiled the official flag for his Space Force at the White House, touting American military might including the development of what he called “the super-duper missile.” Trump said the US is “building right now incredible military equipment,” including a missile that would travel faster than any other in the world “by a factor of almost three.” ...

Bloomberg The House passed a $3 trillion Democratic economic stimulus bill that Republicans and President Donald Trump have already rejected and isn’t likely to trigger bipartisan negotiations any time soon. The measure, passed 208-199, would give cash-strapped states and local governments more than $1 trillion while providing most Americans with a new round of $1,200 checks. House Speaker Nancy Pelosi ...

Bloomberg Argentina’s largest creditors sent Alberto Fernandez’s government new counteroffers in an effort to reach a $65 billion restructuring deal in the coming week. A bondholder group that includes BlackRock Inc., Ashmore Group Plc and Fidelity Investments submitted one of the proposals according to people with knowledge of the matter. Another joint plan was presented in separate statements, one by ...

Bloomberg Italy needs to sell more debt and next week it will target the public, in what may amount to a vote on Rome’s handling of the economic crisis. A four-day auction of inflation-linked bonds aimed primarily at the retail market will begin on Monday, as the government seeks to build on the success of recent sales to institutional investors. ...

Bloomberg Tesla Inc. chosen to locate its second US auto factory in Texas, the blog Electrek reported, citing an unnamed source. The electric-car maker will construct the plant in or near Austin, Electrek said. The Associated Press later reported that Austin and Tulsa, Oklahoma, are finalists for the facility but that no final decision has been made. Elon Musk said ...

Bloomberg On the Greek island of Mykonos, Mayor Kostas Koukas is desperately trying to revive the tourism that is the life blood of the local economy. Koukas, and his counterparts in towns and cities across Europe, are looking to salvage something from the summer season after the coronavirus pandemic brought travel to a standstill. With the disease largely under control ...

Bloomberg With much of the US and Europe in lockdown, video-game use has exploded. It’s become a way for millions of quarantined people to pass the time and stay connected to others without spreading coronavirus — and health officials have applauded the idea. But for some percentage of users, the binge comes with a dark side: internet and gaming addiction. ...

Bloomberg Taiwan Semiconductor Manufacturing Co. plans to spend $12 billion building a chip plant in Arizona, a decision designed to allay US national security concerns and shift more high-tech manufacturing to America. TSMC said it will start construction of its next major fabrication facility in 2021, to be completed by 2024. While the investment falls short of its previous expenditure ...