April, 2021

• 24 April

  US new-home sales rise more than forecast after winter setback

  

  Bloomberg US new-home sales rebounded sharply in March to the highest since 2006, suggesting that the housing market is back on track after winter storms impeded demand in February. Purchases of new single-family homes increased 20.7% last month to a 1.02 million annualised pace after an upwardly revised 846,000 rate in the prior month, government data showed. The figure exceeded …

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• 24 April

  Apple debuts faster iPad Pro with brighter screen, 5G option

  

  Bloomberg Apple Inc. unveiled an updated iPad Pro with a faster processor, 5G connectivity, upgraded screen and new cameras, offering a more powerful version of its priciest tablet aimed at workers and students returning to offices and schools. The new models come in the same 11-inch and 12.9-inch screen sizes as the previous version, and they look nearly identical to …

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• 24 April

  BMW China JV to start production in 2023

  

  Bloomberg BMW AG’s China joint-venture (JV) with Great Wall Motor Co. is set to start production in 2023, as the German carmaker aims to have electric vehicles make up one-quarter of its sales in the country. The construction of a manufacturing plant with Great Wall is “well under way” and the main structure should be completed later this year, BMW’s China …

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• 24 April

  TikTok faces privacy lawsuit on behalf of children

  

  Bloomberg TikTok faces a London lawsuit filed on behalf of millions of children in the UK and Europe over privacy concerns. The suit accuses the popular video app and its parent company ByteDance Ltd. of violating UK and European Union (EU) data protection laws. The suit seeks to stop TikTok from “illegally processing millions of childrens’ information” and demands any …

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• 24 April

  Discord ends takeover talks with Microsoft

  Bloomberg Microsoft Corp. and video-game chat company Discord Inc. have ended takeover talks after Discord rejected a $12 billion bid, according to people familiar with the matter. Discord is now focused on a potential public listing in the long term, the people said, asking not to be identified because the deliberations are private. Twitter Inc also expressed interest in buying …

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• 24 April

  Mitsubishi to cut 16,000 units globally in May

  Bloomberg Mitsubishi Motors Corp will cut production by as many as 16,000 cars globally next month due to the chip shortage, according to a company spokesperson, latest automaker to succumb to the malaise that’s gripped the world’s automobile industry. The Japanese automaker produced 90,745 units globally in January and 88,754 cars in February, according to its website, so that trim …

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• 21 April

  Oil declines on resurgent virus, reported build in US stockpiles

  

  Bloomberg Oil falls amid concern that a resurgent virus will hurt demand in some economies, while industry data showed a slight build in US inventories. West Texas Intermediate retreated 1.1%, extending Tuesday’s decline. The renewed spread of Covid-19 in countries such as India is casting a pall over the global economic rebound, even as signs of an improvement in energy …

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• 21 April

  First glimpse of EU’s green rules shows fight over climate goal

  

  Bloomberg The European Union was poised to agree its first criteria for green investments on Wednesday, in a move that could set a benchmark for the world to follow. The stakes are high: the EU wants to raise up to 250 billion euros ($301 billion) using its first green bonds, and private funding is likely to follow into the approved …

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• 21 April

  China urges UN to assess Japan’s ‘illegal’ wastewater plans

  

  Bloomberg China says the United Nations and other international bodies should talk over Japan’s decision to dump wastewater from the Fukushima nuclear power plant into the ocean, further ramping up its criticism of Tokyo’s plans. “Japan is obliged to hold a full consultation with all stakeholders, especially neighbouring countries,” Foreign Ministry spokesman Wang Wenbin said at a regular press briefing …

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• 21 April

  UK oil industry may reach CO2 neutrality

  Bloomberg Achieving net-zero carbon emissions by 2050 is one of the greatest challenges of our time. But apparently not the greatest challenge. On current trends, the UK will have mostly given up fossil fuels before its North Sea oil and gas industry achieves gender parity, according to the sector’s trade body. “It will be well into the 2050s before the …

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