Bloomberg IWG Plc is considering selling and leasing back offices to raise as much as 250 million pounds ($312 million) to help it weather the coronovirus pandemic, the Sunday Times reported. The firm, which owns the Regus and Spaces brands, plans to sell and then lease back more than 10 UK buildings, the newspaper said. Small business tenants of Regus ...

Bloomberg Mexico’s economic contraction may be deeper than expected, according to Scotiabank. The bank now estimates Mexico’s gross domestic product (GDP) to drop 8.4% in 2020, more than the 5.77% contraction it predicted on March 20, due to the increasingly adverse economic indicators, Economia Hoy newspaper reported. The forecast was adjusted due to the lack of an effective policy response ...

Bloomberg Man Group Plc is facing a rise in withdrawals after being hit by $10.7 billion of losses last quarter amid unprecedented volatility in global markets. The investment firm pulled in net new cash and some of its hedge fund strategies made money, but it wasn’t enough to compensate for the drop in performance. Assets under management declined to $104.2 ...

Bloomberg Uber Technologies says a guilty plea by its former star engineer is proof that he’s a liar — and supports its decision to make Anthony Levandowski alone shoulder a $180 million legal award Google won against him. The ride-hailing company, which recruited Levandowski in 2016 from Alphabet Inc.’s self-driving car program, ended up firing him after the companies became ...

Bloomberg With coronavirus pandemic driving up demand for protective gear, profiteers and unscrupulous middlemen have taken advantage. Now, one of the biggest manufacturers of the products is fighting back. 3M Co. , the maker of the coveted N95 mask that drew criticism from President Donald Trump over their availability, has filed four lawsuits in the past week against alleged price-gougers ...

Bloomberg President Donald Trump raised the prospect that China deliberately caused the Covid-19 outbreak that’s killed over 39,000 Americans and said there should be consequences if the country is found to be “knowingly responsible.” Dr Deborah Birx, a member of the White House coronavirus task force, said on Sunday that the first country exposed to a pandemic has a “moral ...

Bloomberg Singapore overtook Indonesia in coronavirus infections and now has the most cases in Southeast Asia after the city-state detected hundreds more victims among low-wage foreign workers. Authorities said an additional 596 cases were confirmed as of noon on Sunday, bringing the total to 6,588 in the country. Of the 596, only 25 are Singaporeans or permanent residents, the health ...

Bloomberg Malians voted in parliamentary elections on Sunday despite a partial lockdown to contain the coronavirus and with the main opposition leader being held hostage by suspected extremists. Voters in the capital Bamako were hesitant to venture out, heeding calls from authorities and NGOs to stay indoors as much as possible. “I believe voter turnout will be very low,” Kalilou ...

Bloomberg For the second straight Sunday, tornadoes, thunderstorms, floods and hail hit the South with the worst sweeping across from Louisiana to Georgia, the same swath that bore the brunt of last week’s carnage. In all, almost 12.3 million people from eastern Texas to North Carolina’s southern Atlantic shore are in harm’s way. The deadly storms could strike from Shreveport ...

Bloomberg Since his 2018 election, Jair Bolsonaro has pushed for opening up the Amazon to mining and making Brazil’s indigenous population less like “animals in a zoo.” Now the government is helping those same communities seal themselves off from the outside world in a bid to hinder the coronavirus. As the vast state of Amazonas becomes one of Brazil’s virus ...