Bloomberg Nissan Motor Co gave the starkest warning yet on the future of the Japanese group’s car factories in western Europe, with a plant in the UK threatened by Brexit and another in Spain suffering from a slump in demand. The Sunderland site in England, which makes models that account for the bulk of European sales, remains under a cloud ...

Bloomberg SoftBank Group Corp’s Vision Fund 2 is investing $100 million in compliance and employee-monitoring software company Behavox, according to people familiar with the matter. The investment, which is in the form of preferred shares, values Behavox at about $500 million, the people said, asking not to be identified because the information is private. The investment group will also be ...

Bloomberg Singapore will loosen restrictions on Chinese work-permit holders in the country to help businesses in manufacturing and services industries that have been hit by labour disruptions during the coronavirus outbreak. For a six-month period beginning March 2, the Ministry of Manpower will allow companies in those sectors to hire Chinese workers who are already in the country, with the ...

Bloomberg The sale of a stake in Mexico’s giant Zama oil field promised to help Premier Oil Plc pay down debts and strengthen its balance sheet, but an ownership conflict is complicating that process. Some international oil companies operating in Mexico are waiting for Talos Energy Inc, the field’s primary shareholder, and state-owned Petroleos Mexicanos to resolve their dispute before ...

Bloomberg Exxon Mobil Corp fell to a 15-year low amid a broad selloff in equity and commodity markets and just over a week before CEO Darren Woods is scheduled to present the oil explorer’s long-term strategic plan to investors and analysts. The shares have been under pressure since Exxon disclosed disappointing fourth-quarter results in late January and prospects for a ...

Bloomberg After months of planning, BP’s new CEO Bernard Looney made his big green pitch: Europe’s second-largest oil company will cut its emissions to net zero by 2050, he said earlier this month. Many thought that made BP the world’s first supermajor to take responsibility for all its emissions. It did not do that. Every company has three types of ...

Bloomberg China Three Gorges New Energy Co, a state-owned clean energy developer, has started construction of 25 renewable power plants in an investment worth $8.3 billion. The projects will have a combined capacity of 3.92 gigawatts, the company said in a WeChat statement. The plants will be built in 14 provinces including Guangdong, Jiangsu, Fujian, Ningxia and Hebei, it said. ...

Bloomberg The UK and the European Union (EU) are increasingly at odds ahead of next week’s trade talks, with each side accusing the other of backing away from past promises. Regaining political independence and freedom from the EU’s legal system will take priority over securing a trade deal by the December 31 deadline, Prime Minister Boris Johnson’s spokesman, James Slack, ...

Bloomberg The Trump administration said it has asked Congress for $2.5 billion — half new money, half repurposed from other efforts — to battle the spread of the coronavirus. The announcement came on the same day that global financial markets were shaken over reports that the illness had spread to Italy and South Korea. US stock benchmarks slid more than ...

Bloomberg China will release results at the end of April from clinical trials of a Gilead Sciences Inc drug that is emerging as a frontrunner in the race to find an effective treatment for the novel coronavirus. The outcome of trials of the experimental medication remdesivir on 761 patients in Wuhan, the city where the virus originated, will be made ...