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All arrivals to S’pore from Asean nations, UK must self-isolate

Bloomberg All arrivals to Singapore from the Asean group of nations as well as Japan, Switzerland and UK will have to self-isolate for two weeks in the city-state’s latest measure to tackle the coronavirus pandemic. The only exception will be to Singapore’s land and sea border crossings with Malaysia due to the special relationship between the two nations, Minister for ...

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Manila enters lockdown for month

Bloomberg Metro Manila, a region of 12 million people, entered a month-long lockdown on Sunday as Philippine President Rodrigo Duterte considers a plan to impose a curfew on the area to try and contain the coronavirus outbreak. Hours after Metropolitan Manila Development Authority General Manager Jose Arturo Garcia Jr. said that a 8 pm to 5 am curfew will be ...

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Italy tightening workplace rules in coronavirus crisis

Bloomberg Italian unions and business representatives signed an accord to protect workers nationwide from the spread of the coronavirus in a bid to keep at least some production up and running. “It is a primary objective to combine the continuation of production activities with the guarantee of conditions of health and safety in the workplace and working methods,” according to ...

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Jim Farley poised to be next CEO of Ford

Bloomberg If Ford Motor Co.’s new Chief Operating Officer Jim Farley doesn’t rise to become the company’s top executive, it will be a soft landing. In an unusual move, Ford’s board of directors this week granted Farley $2.5 million in unrestricted company stock if he is not named the next chief executive officer, succeeding Jim Hackett, it said in a ...

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Austria’s $4.4bn crisis fund to fuel virus-hit economy

Bloomberg Austria is setting aside 4 billion euros ($4.4 billion) in liquidity and subsidies to support the economy against the impact of the coronavirus, Chancellor Sebastian Kurz told journalists. The measures will offer liquidity by way of loans and loan guarantees as well as tax deferrals, a new model for labour subsidies for companies that have to reduce working hours, ...

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Covid-19: Swiss president vows more economic aid

Bloomberg The Swiss government may provide additional economic support on top of its $10 billion Covid-19 aid package if the crisis worsens, Switzerland’s President Simonetta Sommaruga said in an interview with SonntagsZeitung. “Switzerland is a rich country,” she told the newspaper. “We don’t let people down.” Sommaruga’s comments come two days after Swiss government unveiled an emergency economic package of ...

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German chip maker Infineon agrees to US security concessions for $8.7b deal

Bloomberg German chip maker Infineon Technologies AG agreed to national security concessions to resolve US concerns about its takeover of Cypress Semiconductor Corp. The $8.7 billion deal was facing resistance from a secretive government panel that reviews foreign investments in US companies, but was ultimately cleared with agreed-upon measures that are intended to protect national security. The work of the ...

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Gates exits Microsoft board, capping years of radical change

Bloomberg It’s truly the end of the old Microsoft Corp. Co-founder and original Chief Executive Officer Bill Gates, the man most closely identified with the world’s largest software maker, said he will leave the company’s board to devote more time to his charitable foundation, which is playing a key role in global health initiatives and expanding into new areas like ...

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President Trump tests negative for coronavirus: White House

Bloomberg President Donald Trump has tested negative for the novel coronavirus, according to a memorandum released by the president’s physician. “One week after having dinner with the Brazilian delegation in Mar-a-Lago, the President remains symptom-free,” Dr Sean Conley said in the memo. “We are encouraging the implementation of all their best practices for exposure reduction and transmission mitigation,” Conley said. ...

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South Korea wants to show the world ‘how to tackle virus’

Bloomberg South Korea has been praised for its effective response to the coronavirus pandemic. Now it wants to share its lessons with the world. South Korean President Moon Jae-in suggested that US President Donald Trump hold a G-20 teleconference summit to discuss how South Korea worked to reduce the spread of the novel coronavirus, a statement from Moon’s office said. ...

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