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Bloomberg TikTok, the video-sharing app owned by China’s ByteDance Ltd, said it’s stepping up tools to support users facing mental health issues, including redirecting potentially distressed users to suicide-prevention or eating-disorder resources. When users search the app for terms like “suicide,” TikTok will point them to local support organisations such as the Crisis Text Line to find treatment, the company ...

Bloomberg Japan is bolstering its autonomous driving ambitions with a new project to be formally introduced on Wednesday to expand the use of self-driving vehicles in more than 40 locations around the country by 2025. The “Road to the L4” project aims to popularise advanced mobility services including Level 4 autonomous driving, wherein vehicles can operate without a human at ...

Bloomberg General Motors shares jumped after company said it expects to be reimbursed for battery recall costs from its supplier and sees a “more stable year” for chip supply in 2022. GM is in talks with battery supplier LG Chem over the costs of its Bolt electric vehicle battery recall, which has resulted in a $1.8 billion charge. The company ...

Bloomberg Global debt loads surged during the second quarter as households seized on low mortgage rates and governments continued borrowing heavily to revive pandemic-battered economies. The amount of the world’s outstanding debt swelled during the three months by about $4.8 trillion to a record $296 trillion, according to a report by the Institute of International Finance. The increase was led ...

Bloomberg India’s government is seeking a valuation of between 8 trillion rupees ($109 billion) to 10 trillion rupees for Life Insurance Corporation (LIC), in what’s slated to be the nation’s biggest initial public offering (IPO). The possible valuation is based on preliminary talks and may change after detailed discussions, due diligence and an official valuation report. The government is considering ...

Bloomberg Ryanair Holdings Plc plans to create 5,000 European jobs over the next five years as the airline returns to growth following the coronavirus slump. The Dublin-based carrier will need to add aviation crew to meet demand from an expanded Boeing Co 737 fleet, unit Chief Executive Officer Eddie Wilson said in an emailed statement. The airline expects passenger numbers ...

Bloomberg The maker of On Running performance shoes priced its US initial public offering above a marketed range to raise $746 million. On Holding AG and some of its investors sold 31.1 million shares for $24 each, according to a statement confirming an earlier report by Bloomberg News. The company had marketed the shares for $20 to $22 each. The ...

Bloomberg Avianca Holdings SA won court approval to send its reorganisation plan to creditors for a vote, bringing the Colombian air carrier one step closer to exiting bankruptcy under new ownership. Lenders and noteholders who agreed to refinance their debt at the beginning of Avianca’s bankruptcy case last year will get 72% of the airline’s equity in exchange for canceling ...

Bloomberg Amazon.com Inc boosted pay as it looks to hire 125,000 warehouse and shipping workers amid a tight US labour market. The e-commerce giant said starting wages for open jobs in logistics average $18 an hour, or 20% more than the $15-an-hour base pay the company set back in 2018, with signing bonuses of as much as $3,000 in some ...

Bloomberg Airbus SE upped the ante in its bid to win a helicopter order from Britain’s Royal Air Force, promising to build all military versions of the H175M model it’s pitching at a new plant in the UK. The assembly line will be installed next to Airbus’s jetliner wing factory in Broughton, Wales, if it’s selected to replace a fleet ...