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Bloomberg Italy extended a national lockdown until May 3, rejecting calls by business leaders to allow a gradual restart of the economy. The decision reflects a pattern playing out in many parts of Europe as health officials and politicians warn against letting up too early on restrictions to stem the spread of the coronavirus and avoid a second wave of ...

Bloomberg The disruption caused by the fallout from coronavirus outbreak is the last thing Spain’s car industry needs. Already under pressure from the shift to electric vehicles, the pandemic risks raising uncomfortable questions for Europe’s second-largest auto producer. As auto bosses plot their course for the years ahead — with less money to spread around — Spain could come up ...

Bloomberg Caterpillar Inc. is in discussions with banks to raise a new $3 billion 9-month revolving credit facility. The deal could be increased to about $5 billion in total and will help boost the construction equipment company’s liquidity, the people said. Representatives for Citibank, which is leading the deal, and Caterpillar declined to comment. Other banks on the deal include ...

Bloomberg A politically inexperienced and highly divisive president, a presidential campaign waged under the shadow of a deadly pandemic, and an establishment candidate from the opposing party who promises to restore the country to a less turbulent time. Those were the elements of the US presidential election exactly 100 years ago that swept Warren G Harding into office. The similarities ...

Bloomberg A vaccine against the coronavirus could be ready by September, according to a scientist leading one of Britain’s most advanced teams. Sarah Gilbert, professor of vaccinology at Oxford University, told The Times on Saturday that she is “80% confident” the vaccine would work, and could be ready by September. Experts have warned the public that vaccines typically take years ...

Bloomberg President Donald Trump has pledged US assistance to Italy as the European country continues to be ravaged by the coronavirus pandemic. US departments including State, Commerce and Defense would be involved in the relief effort, which came at the request of Prime Minister Giuseppe Conte, according to a memorandum released by the White House. More than 147,500 cases of ...

Bloomberg Spain reported the fewest number of new coronavirus deaths since March 23. The death toll rose by 510 to 16,353 and total cases in the past 24 hours increased by 4,830 to 161,852, the government said on Saturday. In Spain and elsewhere in Europe, political and business leaders are increasingly talking about the “new normal” that the bloc’s citizens ...

Bloomberg Hong Kong’s police force is showing signs of attrition with resignations increasing and recruitments declining as the city deals with a coronavirus outbreak after months of sometimes violent anti-government protests. From June last year, when the city’s protests erupted against a China-backed extradition bill, to February a total of 446 police quit the force, an increase of 38% from ...

Bloomberg A 65-year-old malaria drug that hasn’t been proven to work against the new coronavirus appears to have captured the imagination of another president. France’s Emmanuel Macron unexpectedly flew to Marseille and spent more than three hours meeting with Didier Raoult, the researcher whose work has propelled a medicine called hydroxychloroquine from fringe to famous in just three weeks. Raoult’s ...

President Trump’s vengeful dismissal of the intelligence community’s inspector general was part of a relentless campaign — waged even in the midst of the pandemic — against people and institutions that can hold him accountable. Critics often describe Trump as disruptive, erratic and poorly focussed. But in concentrating on these weaknesses, opponents understate Trump’s success in using power aggressively to ...