Bloomberg An Indonesian maker of clothes for Prada and Armani is now producing millions of hazardous material suits after the government called for help fighting Covid-19. PT Pan Brothers, which also makes garments for Adidas, is pumping out jumpsuits along with millions of face-masks each week, many of then headed to front-line workers. While the focus has been on domestic ...

Bloomberg India has banned use of air ambulances and other medical evacuations unless the treatment required is not available locally, as a nationwide lockdown to curb the spread of the coronavirus is extended, according to people with knowledge of the matter. Planes carrying patients will only be allowed to fly if local authorities determine treatment isn’t available at the point ...

Bloomberg Indonesian President Joko Widodo called for an urgent expansion of testing and aggressive containment measures to prevent the spread of coronavirus that’s killed almost 600 people in the world’s fourth-most populous nation. Large scale testing nationwide should be followed by aggressively tracking and isolating those exposed to the deadly disease, Jokowi, as the president is known, told a cabinet ...

Bloomberg China urged India to revise new investment rules that seek to block companies from neighboring nations taking over local businesses, saying they’re in violation of principles laid down by the World Trade Organization. The curbs seeking to cut the risk of opportunistic takeovers as the coronavirus outbreak drives down valuations of Indian companies “go against the general trend of ...

Bloomberg While Indian technology outsourcing companies have largely held up better in the coronavirus pandemic than other industries in the nation, predicting how they are likely to perform in the future has never been so hard. The uncertainty stemming from the virus and countries’ efforts to contain it have made it harder to estimate short-term earnings than at any other ...

Bloomberg In the middle of a viral pandemic, a crash in the price of oil and an economic slump not seen in 100 years, Royal Dutch Shell has unveiled what is likely the most ambitious climate plan of any major oil company in the world. In doing so Shell seems to have one-upped BP, which released its blueprint in February. ...

Bloomberg Oil in New York has slumped to its weakest structure on record as the current contract nears expiration, adding extra volatility to a market that’s grappling with a glut and evaporating demand. West Texas Intermediate crude futures on Monday fell to the biggest-ever discount to those for the following month, a structure known as contango that indicates near-term oversupply. ...

Bloomberg Ayala Corp, the Philippines’ oldest conglomerate, aims to fully divest from coal by 2030, a rare rebuke of the fuel in a region where its use is expected to grow. Ayala’s power-generation unit, AC Energy Philippines Inc, will also boost investments in renewable generation as it transitions to a low-carbon portfolio, President Eric Francia said in a live-streamed annual ...

Bloomberg Russia’s oil producers have been told by the Energy Ministry to cut their production by about a fifth to comply with the new Opec+ deal starting May 1, said two people with knowledge of the matter. After days of consultations on how to divide the supply curbs, companies were instructed to split Russia’s 2.5 million barrel-a-day cut proportionally, the ...

Bloomberg Argentine Economy Minister Martin Guzman has backed the idea of a wealth tax on the country’s rich as the nation to fend off creditors and find money to help cope with the Covid-19 pandemic. The tax would affect 11,000 people with fortunes of at least $2 million, Guzman said, without specifying where that cut-off point might come. He spoke ...