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Taiwan’s only prospect is unification, says Yi

Bloomberg Taiwan has no future prospect other than unification with China, Chinese Foreign Minister Wang Yi said in Rome at the G-20 summit. Wang was responding to questions on efforts by countries including the United States to support Taiwan’s greater participation in the United Nations and in the international community, according to a statement posted on China’s foreign ministry website. ...

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Air Canada orders staff back to office

Bloomberg Air Canada said employees working remotely must gradually return to the office starting from November 15 and be fully vaccinated, as Covid-19 cases ebb across Canada. The country’s biggest airline described its plan as “a balanced approach” that allows employees to keep working some “set days” remotely. In a statement, Chief Executive Officer Michael Rousseau cited Canada’s high vaccination ...

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Xi, Putin call for equal treatment of Covid vaccines at G20 meeting

Bloomberg China’s President Xi Jinping urged Group of Twenty (G20) leaders to treat all Covid-19 vaccines equally as he pushed for greater mutual recognition of World Health Organization-approved shots. Addressing the summit via video link, Xi called on nations to back the World Trade Organisation making an early decision on whether to waive intellectual property rights for vaccines and encouraged ...

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Covid-19: Duterte’s performance rating falls

Bloomberg Philippine President Rodrigo Duterte’s performance rating plunged, according to the latest poll, with the pandemic continuing to challenge the country’s resilience. Net satisfaction with the president fell 10 points to 52% in the third quarter, according to Social Weather Stations. That compares with 62% in June 2021 and is the lowest since Duterte’s 45% rating in June 2018. While ...

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UK’s Johnson says it may be France breaching Brexit deal

Bloomberg UK Prime Minister Boris Johnson warned that France may already be violating the terms of the post-Brexit trade deal and hinted at retaliation if Paris refuses to back down in a dispute over fishing rights. “We are a bit worried that France may be about to become in breach, or is already in breach,” Johnson said to broadcasters at ...

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Sudan: Protests erupt against military coup

Bloomberg Hundreds of thousands of pro-democracy demonstrators marched across cities in Sudan to protest the toppling of the joint civilian-military government by the army. Since the military removed the government led by Abdalla Hamdok as prime minister, doctors, oil workers, academics, bankers and others have staged protests. That’s thrown the North African nation’s democratic transition into chaos two years after ...

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Biden EV plan risks trade dispute, warns Canada parts chief

Bloomberg Joe Biden’s proposed incentives for US electric-car buyers could be challenged as unfair and a violation of the new North American trade pact, a Canadian auto-industry leader warned. The White House plan as part of the president’s latest budget package, would offer buyers of vehicles made by unionised US workers an additional $4,500 in credits above the $7,500 available ...

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Markets reeling in Brazil on deficit fears, political tumult

Bloomberg Brazil’s stocks, bonds and currency are posting some of the worst returns in the world this month amid deteriorating public finances, a worsening growth outlook and political turmoil. The Ibovespa stock benchmark posted its fourth straight month of losses, its worst run since 2014, and closed in a bear market, down 21% from its June peak. The real has ...

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Chile’s jobless rate falls

Bloomberg Chile’s jobless rate falls for a sixth straight month and retail sales rose, adding to growing evidence of recovery in one of Latin America’s richest economies. Unemployment falls 0.1 percentage points to 8.4% in the three months through September, but fell short of the 8.3% median estimate in a Bloomberg survey, the National Statistics Institute reported. The labour force ...

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Argentina to let foreign tourists bring in dollars at a lucrative rate

Bloomberg Argentina will allow foreign tourists to transfer dollars into a local account and exchange them to pesos at a more lucrative parallel exchange rate, bypassing capital controls in a bid to lure travelers. Tourists traveling from abroad can open a temporary bank account in Argentina before their trip and transfer up to $5,000 into the country, the central bank ...

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