Bloomberg Renault SA is poised to get a state-backed loan of about $5.4 billion to cushion the struggling French carmaker from the impact of the coronavirus pandemic that has clobbered the auto industry. French Finance Minister Bruno Le Maire said the funding package is still under negotiation, while at the same time announcing an even bigger one for Air France-KLM, ...

Bloomberg British insurers are on the hook for more than 1.2 billion pounds ($1.5 billion) in claims from businesses and individuals hit by the coronavirus pandemic, according to the industry’s trade body. Initial estimates put payments for business interruption at 900 million pounds, followed by a record 275 million-pound payout for canceled travel, the Association of British Insurers said on ...

Bloomberg More than a year after the billionaire chairman of Xpeng Motors labelled as “questionable” Tesla Inc.’s allegations that an engineer stole Autopilot secrets before bolting to the Chinese startup, the questions from Elon Musk’s company keep coming. As Tesla tries to amass proof in its lawsuit portraying the engineer as a traitor, it’s asking a judge to force the ...

Bloomberg The resignation of Sergio Moro, the Brazilian judge who gained superstar status for taking down a network of corrupt politicians and CEOs, set off a storm in President Jair Bolsonaro’s administration. Pot-banging protests erupted across the country as the president spoke to refute Moro’s allegations that he had tried to interfere with federal police investigations. “I was promised carte ...

Bloomberg The European Union’s foreign and diplomatic wing said there’s evidence of a “coordinated push” by official Chinese sources to deflect blame for the coronavirus pandemic and promote its response to the virus. Official Chinese sources have been “publicising announcements and deliveries of bilateral assistance, with polls in certain countries showing China being perceived as more helpful in fighting the ...

Bloomberg India’s government is allowing smaller neighbourhood stores to reopen, bringing relief to residents after a month into the world’s biggest lockdown that’s restricting 1.3 billion people. The shops can deploy a maximum of 50% of their staff, all wearing masks and following social distancing rules, according to the order issued by the home ministry. The order includes standalone stores ...

Bloomberg Hong Kong police rejected an application by a pro-democracy labour group to hold a march on May 1, citing concerns about public health and security risks, the government said in a statement. The Hong Kong Confederation of Trade Unions had proposed to hold the march in groups of four spaced at least 1.5 metres apart. It expressed concern in ...

Bloomberg The US Supreme Court let President Donald Trump’s administration keep using a tough test to screen out green card applicants who might become dependent on government benefits, refusing to halt the policy because of the Covid-19 outbreak. With no published dissents, the justices rejected a request from a New York-led group of state and local governments that said emergency ...

Across the developing world, the defining images of the battle against the Covid-19 pandemic have been of migrant workers: abandoned, angry, starving. In their zeal to control the spread of the new coronavirus, governments have all too often betrayed their most aspirational citizens — those who move from countryside to cities to build better lives for themselves and their families. ...

First Walt Disney Co’s Bob Iger, and now AT&T Inc’s Randall Stephenson. As two of the world’s most powerful entertainment and communications companies confront the streaming wars and the Covid-19 pandemic — bracing for what may be a new normal brought on by both — they’ll have to venture into the unknown under new leadership. Stephenson, who took a prosaic ...