Hong Kong's economy is expected to expand at an average growth rate of 2.8% in real terms from 2021-2024, Financial Secretary Paul Chan said on Wednesday, as he announced his budget for the Asia financial hub. Chan also forecast 2020 gross domestic product to range between a contraction of 1.5%
Samsung Electronics Co Ltd said on Wednesday a "technical error" on its U.K. website temporarily exposed the personal data of about 150 users. The South Korean manufacturer said it stopped all users logging into the site after it became aware of the error, which it said has since been resolved
Crude prices edged up on Wednesday as investors covered short positions after three sessions of losses, even as fears deepened that the rapid spread of the coronavirus will lead to a global pandemic. Brent crude rose 42 cents, or 0.8%, to $55.37 a barrel by 0154 GMT, while U.S. West Texas Intermediate
Climate activists are preparing to shut down a coal mine for three days in protest at expansion plans.Extinction Rebellion (XR) is joining forces with local campaigners to blockade the open-cast coal mine in County Durham on Wedesday.
A report by think-tank Demos supported by Google found that many people have used online learning to pick up new skills to earn a pay rise.
Prices in Newcastle passed 2007 levels in December, making it the final English city to reach the milestone in Zoopla's index.
Feb.25 -- The credit-rating downgrades of Kraft Heinz Co., Macy’s Inc. and Renault SA to junk status are rekindling fears among investors of a potential uptick in so-called fallen angels after a run of relative tranquility in the U.S. corporate bond market. Matthew Mish, head of credit strategy at UBS
Feb.25 -- On "Bloomberg Money Undercover", Bloomberg's Lisa Abramowicz talks with Kathleen Smith, founding principal at Renaissance Capital. They discuss private company valuations, and the IPO market in the wake of coronavirus volatility.
Feb.25 -- Max Kettner, multi-asset strategist at HSBC Bank, talks about U.S. Treasury yields, developed-markets and emerging-markets stocks, and high-yield bonds. He speaks with Shery Ahn and Haidi Stroud-Watts on "Bloomberg Markets."
HONG KONG/BEIJING (Reuters) - Autonomous driving firm Pony.ai has raised around $500 million in its latest funding round, led by an investment by Japan's largest automaker Toyota Motor Corp , two people with direct knowledge of the matter told Reuters. Toyota's cheque of around $400 million
Asian shares fell on Wednesday as a U.S. warning to Americans to prepare for the possibility of a coronavirus pandemic drove another Wall Street tumble and pushed yields on safe-haven Treasuries to record lows. Japan was among the worst-performing market in the region, weighed by growing concerns the
SpaceX, the private rocket company of high tech entrepreneur Elon Musk, won final approval on Tuesday to build a research and manufacturing plant for its deep-space Starship project on a tract of vacant land at the Port of Los Angeles. The Los Angeles City Council granted a permit for the facility by
Many Asian economies, which were just limping back to growth from the spillover effects of the 18-month long U.S.-China trade dispute, were again dealt a blow by the outbreak, which has shut down businesses and cities. Forecasts from economists collected Feb 19-25 showed that Australia, South Korea,
New finance minister Rishi Sunak should resist the urge to rewrite Britain's fiscal rules ahead of the budget next month and he should make plain that any spending increases will mean more tax, a think-tank said on Wednesday. Sunak will deliver the first post-Brexit budget, which is expected to
Which? has written to Rishi Sunak ahead of the March 11 Budget, calling for legislation that protects cash for as long as it is needed.
Parents are now paying an average of £131.61 per week for a child aged under two, according to Coram Family and Childcare.
The trade group already publishes its own pay details by ethnicity and is urging organisations with more than 250 staff to do the same.
The United States is preparing to impose more sanctions on Venezuela's oil sector, President Donald Trump said on Tuesday, in an attempt to choke financing to President Nicolas Maduro's government. "You will be seeing something on that in the not too distant future," Trump told a news
Feb.25 -- Walt Disney Co. named Bob Chapek, who led the company’s theme parks and consumer products businesses, as its new chief executive officer, abruptly ending years of speculation over who would succeed Bob Iger atop the world’s largest entertainment company. Chapek takes over immediately, while
Feb.25 -- U.S. presidential candidates continue to spend big online. Mike Schmidt, Dovetale founder, discusses the loopholes contenders are able to exploit by using sponsored content. He speaks on "Bloomberg Markets."
Fiat Chrysler Automobiles NV (FCA) Chief Executive Mike Manley received compensation of 13.28 million euros ($14.45 million) for 2019, in line with a target set by the company, the Italian-American automaker said in a filing on Tuesday. Compensation for Manley, who took over as head of FCA in July 2018
Feb.25 -- John Demers, U.S. Assistant Attorney General for National Security, discusses what the Trump administration alleges is major data thefts by the Chinese government. He speaks on "Bloomberg Markets."