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Bloomberg India and China agreed to resolve a current border standoff peacefully in line with various bilateral agreements and will keep each other engaged as talks remains deadlocked. “The two sides will continue military and diplomatic engagements to resolve the situation and to ensure peace and tranquility in the border areas,” India’s ministry of external affairs said. A meeting was ...

Bloomberg China lambasted suggestions that it hid information about the coronavirus outbreak, saying in a newly published white paper that it has acted transparently and informed the world of developments in a timely manner. “Some foreign politicians and media have presumed guilt for the origin of the virus, put labels on the virus and politicised the epidemic,” Xu Lin, head ...

Bloomberg Boris Johnson will set out his plans for rebuilding the UK economy after the coronavirus as he seeks to stem the hemorrhaging of support for his government’s response to the crisis. The prime minister will use a speech later this month to commit to speeding up spending on roads, hospitals and research, his office said after three opinion polls ...

Bloomberg Malaysia will relax restrictions on the movement of peoplke within the country from June 10 and allow almost all activities including domestic tourism to resume, PM Muhyiddin Yassin said. The nation’s borders will remain closed and overseas travel is still restricted, he said. Theme parks etc won’t be allowed to reopen yet. The new rules will be in place ...

Bloomberg Japan has refrained from joining countries including the US and UK in coordinated criticism of China’s move to impose a national security law in Hong Kong, Kyodo reported, citing people familiar with the matter. Japan decided not to be a signatory to the countries’ joint statement on the proposed law as Tokyo tries to improve its diplomatic relations with ...

Bloomberg The world’s governments and central banks are shifting from rescue to recovery mode as the deepest slump since the Great Depression shows signs of bottoming out. After rolling out trillions of dollars worth of measures to prevent their economies and markets from collapsing, they are now doubling down with even more spending to backstop a recovery as coronavirus lockdowns ...

Bloomberg AstraZeneca Plc has approached rival drugmaker Gilead Sciences Inc. about a potential merger, according to people familiar with the matter, in what would be the biggest health-care deal on record. The UK-based firm contacted Gilead last month about a possible tie-up, the people said, asking not to be identified because the details are private. AstraZeneca didn’t specify terms for ...

Bloomberg The US economy is unlikely to snap back quickly and may not return to normal until 2021, according to the chief of one of the nation’s biggest ports, after a government report raised hopes for a faster-than-expected rebound from a pandemic-induced recession. Even after the Labour Department’s surprisingly positive numbers on employment in May, “I’m still not convinced that ...

Bloomberg An investment company backed by billionaire banker Joseph Safra is considering a takeover bid for airport foreign exchange provider Travelex Holdings Ltd, the Mail on Sunday reported, citing financial industry sources. The Safra bid comes after Finablr-owned Travelex appointed PWC to find a buyer for the unit. On April 30, Finablr disclosed that its debt burden stood at around ...

Bloomberg Canada’s labour market is showing signs of strength after months of Covid-19 destruction, but weakness in the jobs market for women is holding back the pace of the recovery. Recent labour market data show men are disproportionately benefiting from the phased reopening of the economy while women are struggling. In May, men recouped 14% of the nearly 1.5 million ...