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Bloomberg China denied claims that it was targeting Australia by warning its citizens not to travel there due to the risk of discrimination and racist attacks, after Australia’s leader accused China of attempting to coerce his country. “Our embassy and consulate in Australia also received a lot of complaints and appeals for assistance,” Chinese Ministry of Foreign Affairs spokeswoman Hua ...

Bloomberg UK Prime Minister Boris Johnson is battling to contain a public split with his own top scientific advisers, after they warned the government must learn from the catalog of failures it made during the coronavirus crisis. Standing next to Johnson on live television, Chief Medical Officer Chris Whitty highlighted a “long list” of potentially flawed decisions on the pandemic ...

Bloomberg A top official at a global human rights organisation criticised South Korea for trying to shut down two activist groups who sent anti-Kim Jong-un leaflets by balloon across the border into North Korea. Phil Robertson, deputy Asia director for Human Rights Watch, said a decision by South Korea to revoke the licenses and seek prosecution for the groups is ...

Bloomberg Pakistan’s opposition leader Shehbaz Sharif has quarantined himself at home after testing positive for the coronavirus, raising concerns about his health as he is a cancer survivor, his party leader said. Sharif, 68, took many tests since he was having symptoms of the virus, said Marriyum Aurangzeb, a spokesperson for Sharif’s Pakistan Muslim League-Nawaz party, on Geo television. He ...

Bloomberg Germany’s economy is heading for a contraction of almost 10% this year due to the fallout from the coronavirus pandemic and will recover only gradually from its worst recession since World War II, according to one of the nation’s leading research institutes. Gross domestic product will likely shrink by 9.4% in 2020, before expanding by 3% next year, the ...

Bloomberg The surge in Tesla Inc.’s shares so far this month moved Elon Musk’s company even closer to displacing Toyota Motor Corp. as the world’s most valuable carmaker. With a market capitalisation of more than $190 billion, Tesla still has some distance to close to reach Toyota’s $210 billion valuation, which includes treasury shares, according to data compiled by Bloomberg. ...

Bloomberg Ford Motor Co. is recalling about 2.5 million vehicles, including its best-selling F-150 pickup, in North America to fix faulty door latches and a potentially dangerous brake issue. The first problem affects 2.15 million cars, SUVs and vans, according to a statement. Latches that were susceptible to cracking and breaking in high temperatures may not have been replaced or ...

Bloomberg Centrica Plc is set to cut 5,000 jobs before the end of the year in order to meet its cost cutting targets as the uncertainty of the coronavirus pandemic accelerated losses. The job cuts, which amount to around 19% of the utility’s workforce, include 2,500 roles in senior management. Half of the 40-person leadership team is to leave by ...

Bloomberg Homes with outdoor space and fewer communal areas look set to become more desirable as the UK property market begins to show signs of revival after the coronavirus lockdown. Indicators of activity compiled by the Royal Institution of Chartered Surveyors strengthened as agents were allowed to restart viewings in England in May. A net balance of 10% of survey ...

Bloomberg Europe’s economy risks losing out on a massive dose of stimulus from its consumers. Households have stashed away hundreds of billions of euros in their bank accounts under lockdown. And even though shops in many countries have reopened, surveys show little sign that people are ready to splurge just yet amid spiralling unemployment and the threat of a second ...