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EM review: rally extends as dollar weakens amid growth doubts

3 Aug 2020 /  Karl Lester M. Yap, Selcuk Gokoluk and Aline Oyamada, Bloomberg  
The following is a roundup of emerging-market news and highlights for the week through August 2.

Oil dips near $40 with OPEC+ starting to unwind output cuts

3 Aug 2020 /  Saket Sundria and James Thornhill, Bloomberg  
OPEC+ will pump about 1.5 million barrels more this month than in July as it starts to unwind its historic virus-driven output curbs.

Love him or hate him, Elon Musk is enjoying spectacular run

3 Aug 2020 /  Dana Hill, Bloomberg    1
Whether you find him admirable or obnoxious, Elon Musk is having a fantastic year.

When it comes to Covid vaccines, rich nations are first in line

2 Aug 2020 /  James Paton, Bloomberg    2
Wealthy countries have already locked up more than a billion doses.

Billion dollar deals see private credit step out of the shadows

2 Aug 2020 /  Rachel McGovern and Kelsey Butler, Bloomberg  
The pandemic is rapidly changing the private lending market.

Google’s search dominance deserves hot-seat scrutiny

2 Aug 2020 /  Tae Kim, Bloomberg   1
Each of the giants is vulnerable in its own way.

China’s ByteDance prepared to divest 100% of TikTok in US

1 Aug 2020 /  Shelly Banjo and Saleha Mohsin, Bloomberg  
To attempt to head off President Trump's proposed ban on the music-video site.

Working from home is terrible news for landlords

1 Aug 2020 /  Andrea Felsted, Bloomberg   13
Once the pandemic is under control, this shift will be welcomed by cost-cutting companies and staff who dread the daily commute.

The latest electric car hurdle: What if you can’t resell it?

1 Aug 2020 /  Anjani Trivedi, Bloomberg   16
Much of the anxiety stems from batteries – the price, technology, density, and where to charge them.

Bezos, Zuckerberg and Musk have made $115bn this year

1 Aug 2020 /  Ben Steverman and Sophie Alexander, Bloomberg   5
The mind-boggling accumulation of money underway in technology is unrivaled in speed and scale.

Australia to force Facebook, Google to pay for news

31 Jul 2020 /  Reuters   2
It's a move seen to protect independent journalism and may draw attention from around the world as the tech giants fend off global calls for more regulation.

Virus plunges euro-area into deep recession

31 Jul 2020 /  Fergal O'Brien and Catherine Bosley, Bloomberg  
Spain took the biggest hit, shrinking 18.5%, while French and Italian output also dropped by double digits.

Nasdaq’s $4tn rally poised to heat up on tech earnings sweep

31 Jul 2020 /  Lu Wang and Sarah Ponczek, Bloomberg  
Exchange-traded funds tracking the Nasdaq 100 jumped about 1.8% following results from Amazon.com, Facebook, Alphabet and Apple.

Alphabet’s revenue fell for first time ever as Covid hit ads

31 Jul 2020 /  Gerrit De Vynck, Bloomberg  
Ad sales, which make up the bulk of sales at the Google parent, were $29.9 billion in the second quarter, down 8.1%.
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