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Suddenly, it seems all the world is heading to zero. Just a month after Chinese President Xi Jinping promised to reduce carbon emissions to net zero by 2060, the leaders of Japan and South Korea pledged to hit the same target 10 years sooner. The European Union and UK have already put their 2050 pledges into law. In total, countries ...

Warren Buffett has always taken the stance that regardless of who is president or which party holds power, each generation of Americans will be better off than the one that came before it — even if dark moments test our ability to believe it. But that’s not to say the outcome of this election doesn’t matter. It’s pivotal for wealthy ...

Bloomberg Joseph Robinette Biden Jr has defeated Donald Trump to become the 46th US president, unseating the incumbent with a pledge to unify and mend a nation reeling from a worsening pandemic, faltering economy and deep political divisions. Biden’s victory came after the Associated Press, CNN and NBC showed him winning Pennsylvania and gaining more than the 270 Electoral College ...

Bloomberg UK PM Boris Johnson and European Commission President Ursula von der Leyen used a phone call on Saturday to plot the way forward towards a Brexit deal, but said that large differences still need to be bridged if there is to be an agreement. The prime minister and the EU’s chief official will now allow their negotiators to resume ...

Bloomberg Malaysia imposed a month-long conditional movement order in most states as the number of daily coronavirus cases hit a record. The restrictions will end on December 6, Defense Minister Ismail Sabri Yaakob told reporters. The partial lockdown in capital Kuala Lumpur, as well as the states of Selangor and Sabah will be extended when it expires on Monday, he ...

Bloomberg Goldman Sachs Group Inc. is shifting as much as $60 billion of assets from the UK to Frankfurt, the latest sign that banks are beefing up their European Union (EU) operations ahead of Brexit. The Wall Street bank plans to move between $40 billion to $60 billion to its German subsidiary by the end of the year, according to ...

Bloomberg Malaysia’s central bank held its benchmark interest rate at a record low, while warning of downside risks from the pandemic that threaten economy’s recovery. Bank Negara Malaysia held its overnight policy rate at 1.75% at its final scheduled meeting of the year, as expected by 17 of 22 economists surveyed by Bloomberg. The rest predicted a 25-basis point cut. ...

Bloomberg Negative surprises on Covid-19 crisis may fuel further market volatility in Europe, including potential corporate defaults next year, according to Piero Noelli, co-head of UBS Group AG’s investment bank. Lockdowns in Europe and restrictions on mobility will cause a double dip in growth in the fourth quarter, he said in an interview with Bloomberg TV’s Francine Lacqua. Setbacks on ...

Bloomberg Apple Inc’s 15-year relationship with Intel Corp will officially begin to unwind next week when new Mac computers are revealed. The Cupertino, California-based technology giant said that it will hold an online event dubbed “One more thing” on November 10. That “thing” will be Macs with main processors designed by Apple for the first time, replacing Intel chips that ...

Bloomberg Amazon.com and Apple face German antitrust scrutiny over a policy that excludes independent sellers of brand products on the online market place. Germany’s Federal Cartel Office, the country’s antitrust regulator, is probing both companies over a policy at Amazon called “brandgating,” the authority said in an emailed statement. The policy allows makers of branded products such as iPhones to ...