Bloomberg Foxconn Technology Group will move the manufacturing of some Apple Inc iPads and MacBooks to Vietnam from China, a person familiar with the matter said, as the company aims to mitigate the risk that a trade war with the US could continue after US President Donald Trump leaves the White House. The person asked not to be identified because …

Bloomberg The UK government approved plans for a separate regulatory program for companies including Facebook Inc and Google, saying the new competition unit would be given powers to impose fines to rein in the dominance of the largest tech companies. The Digital Markets Unit will be housed inside the antitrust regulator from April, with powers to enforce a new code …

Bloomberg Facebook Inc will be making payouts to only about a quarter of the 6 million Illinois residents eligible for the biggest consumer privacy settlement in US history. Based on a tally filed in court after claims deadline, some 1.57 million people will probably pocket more than $300 each — after about a third of the $650 million settlement fund …

ABU DHABI / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, and Yousef Mohammed Ali, Director of the President’s Office and Acting Minister of Defence of the Union of the Comoros, on Wednesday signed a Memorandum of Understanding (MoU), via video conferencing, on joint cooperation in the defence and military fields. Al Bawardi said that the …

Bloomberg Nigeria’s efforts to revamp its aging refineries may be bogged down due to a lack of resources, but Africa’s top oil producer is moving ahead with mini-plants in an effort to help end its dependency on fuel imports. The country’s first modular refinery, built by independent producer Waltersmith Petroman Oil Ltd, began operations in the southeastern Imo state earlier …

Bloomberg Tokyo Gas Co plans to develop one of Japan’s largest offshore wind projects as the nation looks to a major expansion of the technology to achieve net-zero emissions by 2050. The 600-megawatt facility — about 30 times larger than the nation’s existing capacity — is planned to be built off the coast of Chiba prefecture, east of Tokyo, if …

Bloomberg Global stocks paused amid their best monthly gains in three decades as investors awaited a slew of economic indicators that could support the rally in risk assets. The Stoxx Europe 600 Index drifted at the open, as cyclicals such as mining and energy firms fell, offsetting advances in defensives including utility shares. Bank stocks edged higher following a report …

Bloomberg India’s equity benchmark retreated from a record as an early rally in Asian equities faltered. The S&P BSE Sensex lost 0.6% to 44,268.87 in Mumbai, while the NSE Nifty 50 Index declined by the same magnitude. Both slipped from all-time highs, as did the region-wide MSCI AC Asia Pacific Index, which was little changed. “These levels could prove to …

Bloomberg China stocks fell by the most this month on concern that liquidity conditions in the financial system are not strong enough to support recent gains. The CSI 300 Index lost 1.3% just two sessions after closing at its highest level in five years. The liquidity-sensitive ChiNext Index retreated 2.2% to its lowest since October 23. Investors have been worried …

Bloomberg Oil reached its highest level since March as the start of the US presidential transition process buoyed broader markets and a string of positive Covid-19 vaccine news continued to support the demand outlook. Futures rose to their highest since March in New York, alongside the back-end of the forward curve strengthening markedly into backwardation. The structures of both WTI …