Year: 2020

The device, dubbed the iPhone 12 by analysts, can tap into 5G, or fifth generation wireless technology, that theoretically operates as much as 10 to 20 times faster than current 4G wireless networks. Using the next iPhone or any 5G enabled device on today’s network, however, will be “like having a Ferrari … but using it in your local village and you can’t drive to up to 200 miles per hour, simply because the roads cannot maintain those speeds,” explained Boris Metodiev, associate director of research firm Strategy Analytics. Apple, which is expected to unveil the new phone …read more […]

(Bloomberg) — China has suspended purchases of Australian coal, according to people familiar with the order, as Beijing continues to tightly control imports of the fuel amid soured political relations with Canberra.Chinese power stations and steel mills have been verbally told to immediately stop using Australian coal, the people said, asking not to be identified as the matter is private. Ports have also been told not to offload Australian coal, one of the people said. China’s customs administration wasn’t immediately available to comment.The ban marks an escalation in tensions that have already jolted agricultural exports from China’s biggest supplier of …read more […]

(Bloomberg) — PSA Group and Volvo Cars, along with BMW AG and Renault SA are among carmakers on track to meet European Union emissions rules after sales of battery-powered vehicles tripled during the first half, according to a study.The surge in electric-vehicle sales helped cut average carbon dioxide emissions of new cars registered in Europe by 9% to 111 grams per kilometer — the steepest drop in more than a decade, according to a report by researcher Transport & Environment.“Electric car sales are booming thanks to EU emissions standards,” Julia Poliscanova, a director at the Brussels-based group, said in a …read more […]

Alex Cruz leaves British Airways after four years with the airline, replaced by Aer Lingus’ Sean Doyle. …read more […]

Oct.12 — Will Butler Adams, chief executive officer at Brompton Bicycle, discusses bike sales throughout the coronavirus pandemic, the challenges associated with Brexit and the spike he’s seeing in bike usage. He speaks on “Bloomberg Markets: European Open.” …read more […]

(Bloomberg) — China stocks climbed on optimism before President Xi Jinping’s address in the southern city of Shenzhen this week.The Hang Seng China Enterprises Index rose 2.7% at the close, the most since July 6. Xiaomi Corp. surged 8.4% to lead gains, while Industrial & Commercial Bank of China Ltd. jumped the most in three years. The CSI 300 Index rose 3% as it trades near a five-year high.Xi is expected to shore up plans to make southern China a global technology hub during the trip. He is scheduled to deliver an address on Wednesday, the official Xinhua News Agency …read more […]

While Elon Musk doesn’t seem sure, LibertyX claims it has installed three bitcoin ATMs at the Tesla Gigafactory in Nevada. …read more […]

Oct.12 — Johannes Hahn, the European Union’s commissioner for budget and administration, discusses bond issuance and the EU’s recovery fund. He speaks on “Bloomberg Markets: European Open.” …read more […]

Oct.12 — A trade deal between the U.K. and European Union is still hanging in the balance after a weekend of intense diplomacy saw U.K. Prime Minister Boris Johnson call the leaders of Germany and France. Bloomberg Opinion’s Therese Raphael has the latest on Bloomberg Markets: European Open.” The views expressed are her own. …read more […]

Oct.12 — U.K. Prime Minister Boris Johnson is set to announce a new tiered system of alert levels that would see millions of Britons subject to more stringent curbs on their everyday lives. Johnson will unveil plans to divide England into areas of “medium,” “high” and “very high” alert, with the levels determining the extent of restrictions imposed. Bloomberg Opinion’s Therese Raphael has the latest on Bloomberg Markets: European Open.” The views expressed are her own. …read more […]

Taitai lives in Tai O, a fishing town in the west of Hong Kong’s Lantau Island. The 82-year-old woman is among the few people who still remember the traditional songs of the Tanka fishing community. The centuries-old ballads about stages of life, including specific songs people would sing at weddings and funerals, were once popular among fishermen. While the songs are listed as part of Hong Kong’s intangible cultural heritage, few young people learn them and they are steadily becoming an echo… …read more […]

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Oct.12 — President Donald Trump is trailing Democrat Joe Biden by 12 points, with little more than three weeks to go before election day. That’s according to the latest national poll of likely voters by the Washington Post and ABC News last night. Bloomberg’s Michelle Jamrisko reports on “Bloomberg Daybreak: Europe.” …read more […]

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Shares of Vedanta Ltd fell 10% on Monday as the miner’s attempt to buy back shares and delist itself failed, forcing it to return all the shares tendered as part of the process. Group chairman and billionaire Anil Agarwal told https://bit.ly/2GMjhUY CNBC-TV18 on Friday the company will go for a counter offer if it was needed. The company’s parent, Vedanta Resources Ltd , which owns 36.80% of the Indian unit, had then said it would delist and take the company private to speed up the process of simplifying its corporate structure amid the coronavirus crisis. …read more […]