Bloomberg Matteo Salvini insisted that he defended Italy by refusing to let stranded migrants enter the country when he was interior minister, as parliament prepares to vote this week on whether he should be prosecuted. “It’s crazy, I don’t know how much it costs in terms of men and money to show I’m a criminal, but I’m not afraid and ...

Bloomberg House Democrats said the Trump administration’s ban on New York State residents participating in US travel pre-screening programmes is a “senseless, retaliatory decision” that must be reversed. “Your justification for this sudden policy shift appears to be no more than a pretext,” the Democrats, including Homeland Security Committee Chairman Bennie Thompson of Mississippi, wrote in a letter to acting ...

Bloomberg It may be time for equity investors to reassess their 5G investments in Asia as they look to win big from one of the market’s hottest themes. The coronavirus-driven stock sell-off presents an opportunity to shift into names that may have been overlooked in the recent run-up by technology stocks, said Kevin Chen, an analyst at China Merchants Securities ...

Bloomberg Bitcoin is back above $10,000. The largest cryptocurrency’s recent upward momentum carried it past that psychologically significant level on Sunday for the first time since October, according to Bitstamp pricing. It rose as much as 2.6% to $10,179, capping a gain of about 40% so far this year. Its breach of five figures comes amid an equities rally that’s ...

Bloomberg The coronavirus disease spreading around the world has killed more than 810 people, exceeding the toll from the global outbreak of Sars that started in China almost two decades ago. Less than two months after surfacing in late December in Wuhan, China, cases of the coronavirus have topped 37,000. The fast-spreading disease long ago eclipsed the 8,100 total cases ...

Bloomberg Toyota Motor Corp isn’t letting a global slowdown get in the way of its plans to grow, reporting a higher-than-expected quarterly profitand raising its full-year forecast. Even as a production shutdown in China, the world’s largest car market, has cast a pall over global automakers already struggling to cope with a downshift in demand and rising costs on next-generation ...

Bloomberg Hon Hai Precision Industry Co, Apple Inc’s main iPhone production partner, said its factories worldwide are coordinating with authorities in carrying out virus protection and are preparing safety measures with the approval of local governments. “Our group hasn’t received any client requests to move production resumption earlier,” the company, also known as Foxconn, said in a statement. Operating schedules ...

Bloomberg Singapore home builders will have one less restriction to worry about after changes to the rules under which some real estate firms operating in the city-state sell apartments. Publicly listed housing developers with a “substantial connection to Singapore” will be allowed an exemption from the Qualifying Certificate regime, according to a statement from the Ministry of Law and Singapore ...

Bloomberg India and Sri Lanka agreed on Saturday to strengthen cooperation to combat terrorism and boost trade and investment. “India has been a trusted partner in Sri Lanka’s development,” Prime Minister Narendra Modi said a joint briefing after meeting Sri Lankan Prime Minister Mahinda Rajapaksa in New Delhi. New lines of credits announced in November will deepen development and cooperation, ...

Bloomberg Volkswagen AG has postponed the resumption of production at its China joint ventures, in the latest sign of the coronavirus’s impact on economic activity. The carmaker cited limited travel options for its employees and said in a statement that its own supply chains were in the early stages of re-starting after production stopped for national holidays at the end ...