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No progress at Russia-Turkey talks on Ukraine grain exports

Bloomberg Talks between Russia and Turkey brought no signs of progress on a deal to unblock shipments of Ukrainian grain that have contributed to warnings of global food-supply crisis. Kyiv, which wasn’t invited to participate in the talks in Ankara, is skeptical of the Kremlin’s intentions and is seeking strong security guarantees that would allow it to export the key ...

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Australian Chinese news site hit by cyber attack

  Bloomberg One of Australia’s largest Chinese-language media platforms came under cyberattack early in the hours of June 4, potentially putting users’ information at risk, The Australian newspaper reported. Users of the news organisation Media Today received authentication texts to their mobile phones after more than 20 million attempts were made to reset user passwords, the paper reported, citing a ...

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Blinken slams Cuba, Venezuela repression as LA summit begins

  Bloomberg Secretary of State Antony Blinken slammed Cuba, Venezuela, Nicaragua and El Salvador for repressing journalists as the US kicked off a summit of leaders from Latin America in Los Angeles, with tensions between Washington and the region’s authoritarian nations hanging over the event. “In Cuba, Nicaragua, and Venezuela, the simple act of carrying out investigative journalism is a ...

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Ireland sticks boot into Johnson over Brexit deal

Bloomberg The UK has displayed “bad faith” in how it has approached the part of the Brexit treaty dealing with Northern Ireland, Irish Prime Minister Micheal Martin said. “It is perfectly reasonable to look for ways to improve the operation of the Protocol — but unfortunately what we have seen are bad-faith efforts to undermine a treaty freely entered into,” ...

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Macron may lose majority in parliament vote

Bloomberg President Emmanuel Macron’s party and its allies could lose their outright majority in this month’s legislative elections as support for a rival left-wing grouping grows, according to fresh polls published days ahead of the first round of voting. A poll by Ifop-Fiducial for LCI TV released based on an online survey of 1,840 adults on June 3-6 projects that ...

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Biden, Guaido plan to speak remotely over US summit

Bloomberg President Joe Biden and Juan Guaido plan to speak remotely during the Summit of the Americas this week, after the US declined to invite the Venezuela opposition leader to participate in the meeting in person. Biden was likely to hold a video call with Guaido, Brian Nichols, assistant secretary of state for Western Hemisphere Affairs, said to Venezuelan online ...

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India raises key interest rate for a second straight month

  Bloomberg India’s central bank raised the key interest rate for a second straight month and pledged to withdraw the pandemic-era accommodation as it steps up its fight to tame prices that have been running above its target band since beginning of year. The Reserve Bank of India’s rate setting panel unanimously raised the repurchase rate by 50 basis points ...

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RBA wrongfoots market with outsized increase, sending yields soaring

  Bloomberg Australia’s central bank surprised investors by raising interest rates by twice as much as forecast and committing itself to “doing what is necessary” to rein in broadening inflationary pressures. Bond yields soared and stocks falls as the Reserve Bank of Australia (RBA) raised its cash rate by 50 basis points — the biggest increase in 22 years — ...

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BOJ’s Kuroda sees progress on prices while sticking with easing

Bloomberg Bank of Japan (BOJ) Governor Haruhiko Kuroda pointed to some positive changes that suggest progress is being made toward his stable inflation target while making clear that policy tightening still isn’t an option for now. Several data sets are showing rising inflation expectations and a higher tolerance for price increases among households, the governor said in a speech. “This ...

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Deutsche Bank moving Russian IT staff to Berlin

  Bloomberg Deutsche Bank AG is moving hundreds of IT staff in Russia to Berlin as the lender braces for a potential closure of its technology center in the country, people familiar with the matter said. The bank has made offers to relocate to all of its about 1,500 employees at the Russian IT center in Moscow and St. Petersburg ...

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