For decades, Chileans watched from afar as their South American neighbors grappled with galloping inflation, financial crashes, and extreme political swings, destabilizing forces that compelled the wealthy to send hundreds of billions of dollars to havens in Switzerland, the Cayman Islands, or the U.S.
The United States is now the best country to be during the coronavirus pandemic while Argentina is the worst option, according to a list of 53 nations reviewed by economy media outlet Bloomberg released Monday.
Bloomberg news agency reports that China, the world's largest producer and consumer of pork in the world, has set a long-term goal to ensure that domestic supply is sufficient to meet 95% of demand.
Bloomberg’s Misery Index, which tallies inflation and unemployment outlooks for 60 economies shows that almost all of the economies surveyed are projected to be more miserable this year amid Covid-19, with analysts expecting increased joblessness and tepid growth.
France's financial markets watchdog on Monday hit Bloomberg with a five million euro (US$5.6 million) fine for a report based on a fake news release that triggered a plunge in the shares of French construction giant Vinci and wiped billions off its market value.
Facebook Inc has been paying outside contractors to transcribe audio clips from users of its services, Bloomberg reported on Tuesday, citing people familiar with the matter. The company confirmed that it had been transcribing users' audio, and said it was no longer doing so, Bloomberg reported.
China has reportedly proposed cutting tariffs on US-made cars to 15%, the same tax levied on car imports from other countries. Bloomberg reported that China's cabinet will review the plans, which would undo the 40% import duty China imposed on US cars this summer.
President Donald Trump has threatened to withdraw the US from the World Trade Organization (WTO) if the body fails to change the way it treats America. “If they don't shape up, I would withdraw from the WTO,” Mr. Trump said in an interview with Bloomberg News.