Bloomberg Instagram plans to sell advertisements in IGTV, its home for longer videos, a bid to compete with YouTube for a larger share of the booming market for online video. Instagram started reaching out to its top video creators, asking them to partner on ad tests. Those in the program will receive a 55% share of all advertising in IGTV, ...

Bloomberg Tesla Inc. will probably sell about 10% fewer cars this year than previously expected as the coronavirus outbreak weighs on demand for vehicles, Morgan Stanley said. The bank slashed its 2020 sales target for Tesla to deliver 452,000 cars from the previous estimate of 500,000, according to a note to clients. Morgan Stanley reduced its price target on the ...

Bloomberg Detroit’s three automakers are asking office employees to work remotely while pushing production staff to keep running many of their factories — including one where a worker tested positive for the coronavirus. Fiat Chrysler Automobiles NV’s salaried personnel, including 14,000 at its US headquarters north of Detroit, were told to work from home, a spokesman said. A transmission factory ...

Bloomberg House Speaker Nancy Pelosi and President Donald Trump haven’t spoken in months, but the California Democrat seized the initiative to strike a deal with the White House on a broad measure aimed at helping Americans cope with the spiraling effects of the coronavirus outbreak. After Trump didn’t deliver on a promised announcement of a “major” economic stimulus package, Pelosi ...

Bloomberg The US is “fairly certain” that there are coronavirus cases in North Korea, despite denials by Pyongyang, because of a lack of military activity, according to a senior American army commander. North Korea’s military has “fundamentally been on lockdown” for almost a month and didn’t fly a single aircraft for 24 days before resuming its routine training, Commander of ...

Bloomberg Slovenia’s parliament approved a new government led by nationalist Janez Jansa, adding him to the pantheon of anti-immigrant populists who’ve taken power in the European Union’s east. Jansa, a former prime minister and close ally of Hungarian leader Viktor Orban, will inaugurate his third government since 2004 in the midst of a coronavirus outbreak that’s threatening, like in other ...

Bloomberg Ivory Coast’s ruling party named Prime Minister Amadou Gon Coulibaly as its candidate for this year’s presidential election. The 61-year-old had been widely expected to succeed President Alassane Ouattara, who last week ruled out seeking a third term as head of the world’s biggest cocoa grower. Opposition parties have yet to announce their candidates for the October 31 ballot. ...

Bloomberg For a week, he patiently waited in the shadows as Malaysia’s two political giants — Mahathir Mohamad and Anwar Ibrahim — vied for the numbers to become the nation’s prime minister. But when the dust settled earlier this month, it was little-known Muhyiddin Yassin who bested his former allies to emerge on top, shifting power back to Malay-dominated parties ...

China advances its campaign for global influence stealthily, partly by winning control of little-known but influential UN agencies. The State Department decided last summer to push back hard — and just won a potentially important victory in protecting global technology rights. The US diplomatic success came recently, when the World Intellectual Property Organization (WIPO) voted 55 to 28 to back ...

The last thing anyone needs in this coronavirus situation is more panic, but there’s a notable gap between the alarms emanating from the airline industry and the sanguine attitude among the companies that supply their spare parts and maintenance work. Last week brought a flood of fresh warnings from US carriers on cancelled flights, with Delta Air Lines Inc and ...