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Bloomberg If Ford Motor Co.’s new Chief Operating Officer Jim Farley doesn’t rise to become the company’s top executive, it will be a soft landing. In an unusual move, Ford’s board of directors this week granted Farley $2.5 million in unrestricted company stock if he is not named the next chief executive officer, succeeding Jim Hackett, it said in a ...

Bloomberg Austria is setting aside 4 billion euros ($4.4 billion) in liquidity and subsidies to support the economy against the impact of the coronavirus, Chancellor Sebastian Kurz told journalists. The measures will offer liquidity by way of loans and loan guarantees as well as tax deferrals, a new model for labour subsidies for companies that have to reduce working hours, ...

Bloomberg The Swiss government may provide additional economic support on top of its $10 billion Covid-19 aid package if the crisis worsens, Switzerland’s President Simonetta Sommaruga said in an interview with SonntagsZeitung. “Switzerland is a rich country,” she told the newspaper. “We don’t let people down.” Sommaruga’s comments come two days after Swiss government unveiled an emergency economic package of ...

Bloomberg German chip maker Infineon Technologies AG agreed to national security concessions to resolve US concerns about its takeover of Cypress Semiconductor Corp. The $8.7 billion deal was facing resistance from a secretive government panel that reviews foreign investments in US companies, but was ultimately cleared with agreed-upon measures that are intended to protect national security. The work of the ...

Bloomberg It’s truly the end of the old Microsoft Corp. Co-founder and original Chief Executive Officer Bill Gates, the man most closely identified with the world’s largest software maker, said he will leave the company’s board to devote more time to his charitable foundation, which is playing a key role in global health initiatives and expanding into new areas like ...

Bloomberg President Donald Trump has tested negative for the novel coronavirus, according to a memorandum released by the president’s physician. “One week after having dinner with the Brazilian delegation in Mar-a-Lago, the President remains symptom-free,” Dr Sean Conley said in the memo. “We are encouraging the implementation of all their best practices for exposure reduction and transmission mitigation,” Conley said. ...

Bloomberg South Korea has been praised for its effective response to the coronavirus pandemic. Now it wants to share its lessons with the world. South Korean President Moon Jae-in suggested that US President Donald Trump hold a G-20 teleconference summit to discuss how South Korea worked to reduce the spread of the novel coronavirus, a statement from Moon’s office said. ...

Bloomberg Election officials in Georgia will postpone the Democratic primary scheduled for March 24 until May 19 due to worries about the coronavirus pandemic, Secretary of State Brad Raffensperger said. “Events are moving rapidly and my highest priority is protecting the health of our poll workers, their families, and the community at large,” said Raffensperger, a Republican. A person familiar ...

Bloomberg The UK and Switzerland are effectively not trying to combat the coronavirus and cases in the countries are likely to surge in the coming weeks, a Singapore minister said. “One concern we have with cases such as UK and Switzerland isn’t just about the numbers. It is that these countries have abandoned any measure to contain or restrain the ...

Bloomberg Justin Trudeau had 24 hours to transform his governing Liberals from progressive champions to crisis managers. Canada’s parliament kicked off the week with legislation to ban conversion therapy, a controversial custom. It ended on March 13 with a coordinated effort to prevent the nation’s economy from tumbling into a recession due to the global coronavirus pandemic. Trudeau orchestrated the ...