Bloomberg Singapore unveiled a series of support packages in its budget on Tuesday to help cushion the economy against the coronavirus outbreak and job risks. Finance Minister Heng Swee Keat said he will set aside S$800 million ($575 million) to fight the spread of the coronavirus outbreak, and provide two economic support packages totalling S$5.6 billion to support businesses and ...

Bloomberg China will start accepting applications for tariff waivers on a wide range of American commodities as it seeks to show commitment to keeping its side of the trade deal with the Trump administration. China’s Ministry of Finance on Tuesday published a list of 696 American products including soybeans, beef, corn, wheat, crude oil and liquefied natural gas that will ...

Bloomberg European carmakers started off the year with their first sales decline in five months after changes to emission rules and consumer incentives crimped demand for some models. January passenger-car registrations declined 7.4% to 1.1 million vehicles in the EU, EFTA and the UK, according to a statement on Tuesday from the European Automobile Manufacturers Association. Some sales that would ...

Bloomberg Chancellor of the Exchequer Rishi Sunak said he is preparing to deliver the UK budget as planned on March 11, an announcement that ends days of speculation that his sudden appointment to the post last week would force a delay. “Cracking on with preparations for my first budget on March 11,” Sunak said on Twitter. “It will deliver on ...

Bloomberg Daimler AG’s truck division plans to make additional cost cuts to counter weakening global demand and the financial burden of investments in new technologies like electric and self-driving vehicles. “We want to and will permanently cut our costs. This is why we intensified our efficiency measures,” Daimler truck chief Martin Daum said on Tuesday at a press conference in ...

Bloomberg The Trump administration is considering new restrictions on exports of cutting-edge technology to China in a push aimed at limiting Chinese progress in developing its own passenger jets and clamping down further on tech giant Huawei’s access to vital semiconductors, according to four people familiar with the discussions. Senior officials are expected to decide by the end of this ...

Bloomberg Amazon.com Inc founder Jeff Bezos announced he’s created the Bezos Earth Fund, his biggest-ever philanthropic investment to help counter the effects of climate change. Bezos is starting with $10 billion and will begin to issue grants in a few months. “It’s going to take collective action from big companies, small companies, nation states, global organisations and individuals,” he said ...

Bloomberg For years, Facebook Inc lobbied governments against imposing tough regulations, warning in some cases that they could harm the company’s business model. Now, it’s pleading for new rules for the good of its business. In a white paper, Facebook detailed its push for internet regulation, calling on lawmakers to devise rules around harmful content, a different model for platforms’ ...

Bloomberg Former National Security Advisor John Bolton raised alarm the Trump administration could block his memoir that describes his interaction with the president over Ukraine. “I hope it’s not suppressed,” Bolton said in a talk at Duke University in Durham, North Carolina. “This is an effort to write history, and I did it the best I can. We’ll have to ...

Bloomberg Afghanistan’s incumbent president, Ashraf Ghani, has been declared the winner of a disputed presidential vote that’s been tainted by accusations of vote-rigging. Ghani led the poll with 50.64% of the vote, defeating his top rival Abdullah Abdullah who obtained 39.52% in the bitterly contested poll started on September 28, Hawa Alam Nuristani, the chairwoman of the election commission, said. ...