Bloomberg Around 700 guests remained confined to their Canary Islands hotel on Wednesday as Spain stepped up efforts to contain the spread of the coronavirus and Italy and other European nations were on high alert. The number of infections in Tenerife has risen to four after two more Italians at the hotel, the H10 Costa Adeje Palace, were found to ...

Bloomberg Facebook Inc said it has acquired development studio Sanzaru Games to join the Oculus gaming group inside its virtual-reality division. Sanzaru has produced a number of games, including from the Sonic the Hedgehog and Marvel Studios franchises, according to its website. The studio’s most popular VR game, Asgard’s Wrath, was highly reviewed at the time of its release in ...

Bloomberg American Axle & Manufacturing Holdings Inc, a supplier that derives three quarters of its sales from trucks and SUVs, knows the times are a-changing for the auto industry: going electric is the way of the future But almost all battery-powered models have been slow off the blocks, sales-wise. Take Jaguar’s I-Pace for example. American Axle supplies the electric drive ...

Bloomberg Escalating violence in India’s capital New Delhi has left at least 23 people dead after right-wing Hindu groups attacked mostly-Muslim protesters demonstrating against the country’s new religion-based citizenship law, the worst violence in the city in nearly three decades. Delhi’s chief minister Arvind Kejriwal called on Prime Minister Narendra Modi to send in the army to calm the “alarming” ...

Bloomberg Democrats running for president ripped into two of their own in the last debate before Super Tuesday, saying that nominating either front-runner Bernie Sanders or the best-funded candidate Michael Bloomberg would all but guarantee Donald Trump’s re-election. It’s a grim prescription for a party that still can’t believe it lost to Trump last time, but one that seemed all ...

Bloomberg In Malaysian politics, two figures have long played a crucial role: Mahathir Mohamad, who has ruled the country for almost a quarter century, and Anwar Ibrahim, who has perpetually waited to succeed him. Now the two are facing off head to head as both seek to corral enough lawmakers to form a majority in the 222-seat parliament. Mahathir said ...

Bloomberg Hong Kong’s government will launch a multi-million dollar campaign to promote the rule of law after public trust in the government plummeted following months of violent pro-democracy protests and criticism over its handling of the coronavirus outbreak. In his budget speech on Wednesday, financial secretary Paul Chan announced a$58 million plan to “strengthen our community’s understanding of the concept ...

Bloomberg Brazil has confirmed the first coronavirus case in Latin America and will announce it shortly at a press conference, according to a person with direct knowledge of the matter. A 61-year-old Brazilian who recently travelled to Northern Italy for work tested positive in a preliminary test, the Health Ministry said in a statement. A second round of tests have ...

We are going to have this argument repeatedly between now and Election Day: Who gave us this lengthy economic expansion, which is now in its 11th year and is the longest in American history? Is it President Trump and his economists, who claim that their policies — tax cuts, deregulation, trade agreements — have restored dynamic growth? Or is it ...

Bitcoin is back, sort of. The original cryptocurrency hasn’t regained the lofty highs of its bubble peak in late 2017, but it has climbed back up to about $10,000. Predictions that Bitcoin would collapse have not borne fruit. Despite its bubbles and crashes, the cryptocurrency is now a semi-permanent feature of the global financial landscape. What it is not, however, ...