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Changi Airport to reopen its terminals to meet demand

  Bloomberg Singapore’s Changi Airport will reopen two of its terminals that were shuttered due to Covid-19 as travel springs back faster than expected. Terminal 4 will reopen in September and departure operations in the southern wing of Terminal 2 will restart from October, Changi Airport Group (Singapore) Pte said in a statement. The added capacity will allow the airport ...

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Revlon prepares to file for bankruptcy

  Bloomberg Cosmetics giant Revlon Inc is preparing to file for Chapter 11 bankruptcy as soon as next week as it battles supply chain problems and a heavy debt load, according to people with knowledge of the matter. Talks around the potential filing aren’t final and could change, said the people, who asked not to be named discussing private negotiations. ...

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Fighting rages as Ukraine’s leader pleads for artillery

Bloomberg Russia continued its assault on Sievierodonetsk, pushing Ukrainian troops out of the center of Kyiv’s last major foothold in the Luhansk region. President Volodymyr Zelenskiy called the fighting “very fierce” and his top military commander pleaded for the US to send more artillery. Moscow’s use of cluster munitions and indiscriminate shelling in Kharkiv, Ukraine’s second-largest city, constitutes a war ...

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US makes Asia inroads by playing down need to oppose China

  Bloomberg The US sought to bolster its support in Asia by reassuring nations they don’t need to join a coalition against China, drawing a stark contrast with Beijing’s threats to defend its interests with military force. Defense Secretary Lloyd Austin told Asia’s biggest security forum that the US was taking “wise counsel” from smaller countries, saying they should be ...

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China’s claims on Taiwan Strait may raise tensions with US

  Bloomberg China’s assertions that the Taiwan Strait doesn’t qualify as international waters raises tensions over the nautical flash point, through which US warships transit in a symbolic challenge to Beijing’s territorial claims over the democratically governed island. While it’s unclear what Beijing means by “international waters,” the language may be intended to deter the US from sailing through the ...

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Bolsonaro denies ‘having asked Joe Biden for re-election help’

Bloomberg Brazil President Jair Bolsonaro denied having requested his US counterpart Joe Biden for help in his re-election bid during a private meeting they had on the sidelines of a regional summit last week. “There’s no such a thing,” Bolsonaro told a local radio on Monday when asked whether he had asked for Biden’s help. “It’s speculation; we talked about ...

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Johnson drags UK into Brexit groundhog day

  Bloomberg Boris Johnson risks reopening divisions that tore his Conservative Party apart in 2019, with his government set to propose a law that would let UK ministers override parts of the Brexit deal he signed with the European Union. Northern Ireland Secretary Brandon Lewis confirmed the legislation will be presented to Parliament. That was meant to happen, but last-minute ...

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France closes gap on UK finance sector for foreign investments

  Bloomberg France’s financial sector is now the most popular destination in Europe for US backers, helping the country narrow the gap with the UK for foreign direct investment (FDI) in the industry. The country recorded a total of 60 FDI projects in finance last year — its highest in a decade, according to a survey by the professional services ...

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UK cost-of-living crisis piles more pressure on dire IPO market

  Bloomberg It’s been seven months since a consumer-facing firm last listed in London, and offerings look scarce for the rest of the year as a cost-of-living crisis rips through people’s wallets. Rampant inflation, already at a 40-year high and heading toward double digits, is heaping fresh misery on retailers after a torrid few years dominated by pandemic lockdowns. Add ...

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Google to pay $118mn to settle pay equity suit

  Bloomberg Alphabet Inc’s Google agreed to pay $118 million to settle a gender discrimination lawsuit with about 15,500 female employees, lawfirms representing the women said in a statement. In addition, an independent expert will analyse Google’s hiring practices and and independent labour economist will review the company’s pay equity studies, reports said. . The settlement couldn’t be confirmed on ...

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