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Bloomberg Prime Minister Boris Johnson might be about to go after Britain’s “staggeringly rich.” There’s no full-scale attack of wealth coming, but the country’s myriad tax breaks — some of which mainly benefit the rich — could be targeted in next week’s budget by a government that needs every penny to fund the biggest spending spree in years. Local media ...

Bloomberg German factories saw a rebound in demand just before China became engulfed by the coronavirus outbreak that has since spread across the globe. Orders gained 5.5% in January, suggesting manufacturers were starting to recover from a slump that has lasted more than a year. Since then, numerous companies have reported supply chain disruptions and plummeting export demand as the ...

Bloomberg The Trump administration granted exemptions from tariffs for a range of medical products imported from China, including face masks and medical gloves. Among the products that won an exemption are medical masks by Medegen Medical Products, LLC., Cardinal Health exam gloves, and Medline Industries Inc.’s patient cleansing wipes. In its request to exclude masks from the 7.5% duty, Medegen ...

Bloomberg Apple Inc. is encouraging employees in Silicon Valley to work from home as an “additional precaution” against the outbreak of coronavirus, joining other major technology companies, including Alphabet Inc. and Microsoft Corp. The iPhone maker has two main headquarters in Cupertino, California, — the Apple Park campus and its original Infinite Loop set of buildings — in addition to ...

Bloomberg Elon Musk’s comments about taking Tesla Inc. private were “aspirational,” not fraudulent, the company argues in asking a judge to throw out a shareholder lawsuit over his infamous tweet from 1 1/2 years ago. Investors claim the Twitter post on August 7, 2018 — “Am considering taking Tesla private at $420. Funding secured” — was an intentional deception that ...

Throughout the 2016 Brexit referendum campaign and at many points during the Brexit debates that followed, a free trade deal with the US was dangled by Brexiters as the prize that beckoned if only they’d hold their nerve. That prize may soon be there for the taking, but the closer it gets, the less impressive it looks. The Boris Johnson’s ...

Intu Properties Plc is in an almighty pickle. The owner of the Lakeside and Trafford Centre shopping malls has said that it had been unable to raise between 1 billion pounds ($1.3 billion) and 1.5 billion pounds of equity. That’s not surprising. Even before the outbreak of the new coronavirus, tapping shareholders looked like a long shot. Intu has 4.5 ...

Standard Chartered Plc investors should be careful what they wish for. Shares in the emerging markets lender rose on March 3 after Bloomberg News reported that Chairman Jose Vinals has informally approached banking executives to gauge interest in replacing Chief Executive Officer Bill Winters, who’s about to complete five years at the Asia-focused bank. StanChart responded to the story by ...

China is poised to let some of its biggest state-owned entities help develop a giant West African iron-ore deposit that’s been tantalizingly promising and painfully problematic for two decades. Whatever happens next, this watershed moment for the steelmaking commodity is bad news for big producers, particularly Rio Tinto Group. The State-owned Assets Supervision and Administration Commission is actively pushing forward ...

When it comes to infectious disease outbreaks, we just haven’t learned. It’s not as if we weren’t warned. Last year, a report by the Global Preparedness Monitoring Board, a body put together by the World Health Organisation (WHO) and the World Bank Group, said that there was “a very real threat of a rapidly moving, highly lethal pandemic of a ...