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Bloomberg Microsoft Corp. delayed the introduction of a foldable, dual-screen Surface laptop that had been planned for the holiday season, saying it will focus the new Windows 10X operating system on single-screen devices like tablets and notebook PCs. “Single-screen devices will be the first expression of Windows 10X that we deliver to our customers,” Panos Panay, chief product officer of ...

Bloomberg European governments have had to spend big to protect workers during the coronavirus restrictions, but the huge burden on the public finances looks like it’s worth it. More than 40 million workers have been furloughed during the shutdowns, based on data from the region’s biggest economies, getting a portion of their pay covered by the state. Without the government ...

Bloomberg As Covid-19 business disruptions continued to mount through April, more top executives grew worried about corporate liquidity and long term survival, according to surveys conducted by the consultancy firm West Monroe. “The fear is that as businesses are forced to alter their operations overnight, they take drastic measures, cease communications, and go dark on suppliers and vendors,”said Kevin McCarty, ...

Bloomberg Some of London’s most influential investors are giving UK companies extra time to find new board members because of the coronavirus crisis, potentially offering a group of long-standing chairmen an unexpected extension to their careers. Legal & General Investment Management (LGIM) will allow London-listed companies an additional 12 months to replace directors coming to the end of their recommended ...

Bloomberg National Public Radio (NPR) is cutting pay and benefits in a bid to “save jobs and support the future of NPR” after the coronavirus pandemic ballooned its projected losses to as much as $53 million over the next two years. Employees’ base pay will be reduced on a sliding scale of up to 9% through Sept. 30 and workers ...

Bloomberg On April 2, Zimbabwean finance minister Mthuli Ncube wrote to the International Monetary Fund and other leading multilateral lenders pleading for help. More than half of the population needs food aid, the economy collapsed even before the impact of the global coronavirus pandemic and the country’s health service is in tatters, he said. To date, he’s had no response. ...

Bloomberg China’s Ambassador to the UK, Liu Xiaoming, said British politicians who have called for a re-setting of the ties between the two nations risk poisoning the relationship. Anti-China rhetoric is in danger of undermining international solidarity in the fight against the coronavirus pandemic, he said in a webinar on Tuesday. The ambassador’s comment is a thinly veiled warning to ...

Bloomberg Rising cases of unexplained deaths have put Nigeria’s second-biggest city of Kano at the epicenter of the coronavirus outbreak in Africa’s most populous country. Local news reports citing cemetery workers that emerged last month revealed a spike in mysterious deaths in the city with an estimated 8 million residents. Kano state Governor Abdullahi Ganduje initially blamed ailments such as ...

Bloomberg The European Union’s top court faced the most stinging attack in its 68-year history — not from Brexiteers, but from its German counterpart. In a long-awaited ruling on the European Central Bank’s quantitative easing (QE) program, Germany’s constitutional court in Karlsruhe accused the EU Court of Justice of overstepping its powers when it backed the ECB’s controversial policy. German ...

Bloomberg State governments across India rushed to restore order after violence and chaos broke out when the country started relaxing its stringent virus lockdown, with migrant workers clashing with police in western India. In Mumbai, India’s financial capital, local police said on Twitter that from Tuesday standalone shops would issue tokens to customers to avoid crowding around storefronts. It used ...