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Bloomberg The US Senate unanimously approved a bill seeking the restoration of Taiwan’s observer status with the World Health Organization (WHO), escalating an international campaign to push back against Chinese efforts to isolate the island. The bipartisan measure calls on the State Department to report about Taiwan’s participation as an observer at the World Health Assembly — a key WHO ...

Bloomberg Hong Kong’s leader is pushing ahead with politically divisive policies that may prompt new protests against China’s influence over the city, even as she tries to revive a once-vibrant economy that’s been battered by unrest and the coronavirus pandemic. Chief Executive Carrie Lam said on Tuesday a controversial law making it illegal to disrespect China’s national anthem would get ...

Bloomberg It was 2.15 pm and British PM Boris Johnson was fulfilling his promise to brief rival party leaders on his coronavirus strategy. It was meant to be a sign of national cooperation, with politics set aside in the crisis. But over the course of a 40-minute conference call, Johnson’s opponents told him he was getting it wrong. His new ...

Bloomberg Wuhan has ordered officials to test its entire population of 11 million people after the central Chinese city where the coronavirus pandemic began reported new infections for the first time since its lockdown was lifted. All districts in the city have been told to submit a plan laying out how they will prepare to conduct testing of everyone under ...

Bloomberg European funding costs have eased for the first time since a surprise German court ruling last week against the European Central Bank’s bond buying. Three-month Euribor, the rate at which banks lend to each other, ended a three-day rising streak. Funding costs are coming down thanks to the cooling of Italian bond yield spreads, which spiked after the constitutional ...

Bloomberg Argentina extended the deadline for bondholders to consider a $65 billion restructuring offer, buying time for more talks after the government failed to win enough support to reach a deal. The government is open to accepting offers that both allow the country to reach its debt sustainability goals and enhance creditor recoveries, according to a statement. Hours earlier, Argentina ...

Bloomberg Italy’s debt load is so big that the country’s only chance is to get help from the European Union, according to Austrian Chancellor Sebastian Kurz. A chronic economic underperformer, Italy was already heading for a recession before pandemic hit. Now, with European Commission forecasting that GDP will shrink 9.5% this year, Italy’s debt is set to balloon to close to ...

Bloomberg Elon Musk restarted production at Tesla Inc.’s only US car plant, flouting county officials who ordered the company to stay closed and openly acknowledging he was risking arrest for himself and his employees. “I will be on the line with everyone else,” the chief executive officer said in a tweet. “If anyone is arrested, I ask that it only ...

Bloomberg Thyssenkrupp AG warned losses could surge in the third quarter due to the coronavirus crisis, further eating into cash from a multibillion-euro elevator sale that was meant to fund a turnaround. The engineering conglomerate said it could lose 1 billion euros ($1.08 billion) this quarter after its net after-tax loss widened about 40% to 1.31 billion euros in the ...

Bloomberg Almost a quarter of jobs in the UK are at risk due to coronavirus, and those earning low incomes are the most vulnerable, according to McKinsey. About 7.6 million workers are exposed to a reduction in hours, being furloughed or permanent layoffs during lockdown, the analysis published on Tuesday found. Nearly half those jobs are in occupations earning less ...