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Bloomberg A tropical depression gained power south of Cuba to become tropical storm Zeta on Sunday as it travelled north into the Gulf of Mexico, where it’s poised to become the record 11th storm to hit the US in a single year. The tropical storm had winds of 40 miles (65 kilometres) per hour as it moved northwest about 250 ...

Bloomberg Chileans started casting ballots on Sunday in a referendum on whether to draft a new constitution, a vote born out of months of protests that rattled the foundations of a global investor darling. Citizens will choose between writing a new charter or keeping the existing constitution that was drawn up during the Augusto Pinochet dictatorship. Voters must also decide ...

Bloomberg Malaysia’s king rejected Prime Minister Muhyiddin Yassin’s request to declare a state of emergency to tackle the coronavirus crisis, capping a tense weekend that saw opposition leaders criticise the proposal as an attempt by the premier to retain control amid a power struggle. The government has been handling the pandemic well, the palace said in a statement on Sunday ...

Bloomberg Criminal gangs may have received as much 2 billion pounds ($2.6 billion) from the UK’s rush to deliver wage support during the pandemic. While Chancellor of the Exchequer Rishi Sunak’s furlough programs have sustained millions of workers through the crisis, the rush to build them from scratch opened the door to massive fraud, according to the National Audit Office ...

Bloomberg Italy and Spain are preparing to extend virus restrictions this week as new cases surge in the two countries that were at the epicenter of the initial wave of the coronavirus pandemic in Europe. In Italy, Prime Minister Giuseppe Conte approved a plan to limit opening hours for restaurants, and shut entertainment centres and gyms. Italians will also be ...

Bloomberg Two of Argentina’s largest creditor groups excoriated the government for mismanaging the economy, saying the country was headed for disaster just seven weeks after restructuring $65 billion in debt. The investors urged policy makers and International Monetary Fund (IMF) to do their part to set the stage for an economic recovery. They said in a joint statement that the ...

Bloomberg Telecom Italia SpA, Italy’s former phone monopoly, is drawing up a new plan worth between 4 billion and $5.3 billion to speed up its fiber roll-out in the country, according to a document seen by Bloomberg. Telecom Italia earlier this month launched a new tender aimed at widening the company’s fiber-to-the-home coverage to about 10 million Italian households, according ...

Bloomberg Californians are facing the largest mass blackout so far this year as the state’s biggest utility, PG&E Corp., prepares power shutoffs to prevent live wires from falling into dry brush and igniting wildfires with ferocious winds expected to sweep across the region. PG&E is planning to cut power to 386,000 homes and businesses — an estimated 1.2 million people ...

Bloomberg China’s fast-growing $157 billion market for exchange-traded funds became directly accessible to overseas investors, at least four years since the plan was first hatched. Four so-called “feeder” ETFs began trading in Shenzhen and Hong Kong, the first batch in a project aimed at connecting the two markets. The Shenzhen funds track the Hang Seng China Enterprises Index and the ...

Bloomberg Philippine stocks are beating global peers this week after having spent much of the year in the company of the world’s worst-performing equity markets. The turnaround has been spurred by economic reopenings and a drop in the pace of Covid-19 cases, which saw foreign investors turning net buyers of local stocks after 28 days of selling. The Philippine Stock ...