Bloomberg President Joe Biden seeks to repair relations with Canada that have been strained by disputes over trade and an oil pipeline as he meets virtually with Prime Minister Justin Trudeau. The two leaders plan to unveil a road map on how to improve cooperation on a range of topics, from global alliances to the coronavirus, according to a senior ...

Bloomberg China’s President Xi Jinping may visit India in the second half of 2021 amid ongoing border tensions, to attend a meeting of the BRICS group, the Times of India reported without saying where it got the information. China has supported India’s hosting the meeting of heads of state of the grouping which also includes Brazil, South Africa and Russia, ...

Bloomberg Former South African President Jacob Zuma’s trial on corruption, money laundering and racketeering charges that date back to the 1990s will begin on May 17, after the courts rejected his repeated applications to have the case dismissed. The case against the 78-year-old resumed briefly in the High Court in the eastern town of Pietermaritzburg on Tuesday, where the trial ...

Bloomberg Three former top US Capitol security officials are facing aggressive questions from two Senate panels digging into the lapses that allowed a mob of Donald Trump’s supporters to overwhelm police officers and ransack the building as Congress was certifying the presidential election results. The joint hearing of the Senate Homeland Security and Rules and Administration Committees is the first ...

Bloomberg Hong Kong’s leader said it is “crystal clear” that Beijing needs to reform the financial hub’s electoral system, just a day after China’s top official for the city signalled major changes were coming. Chief Executive Carrie Lam said political unrest in the former British colony, including massive protests in 2019, had forced Beijing to ensure the city is governed ...

Bloomberg Chancellor Angela Merkel’s government is weighing as much as 50 billion euros ($61 billion) in additional debt spending to fight fallout from coronavirus crisis. Germany’s coronavirus cabinet discussed the financing for Covid-19 tests and other measures to support Europe’s largest economy. The funding — equivalent to about 1.5% of German gross domestic product — reflects an initial estimate, and ...

Bloomberg UK unemployment climbed to its highest rate in almost five years in the fourth quarter as the economic toll from the coronavirus pandemic continued to mount. The number of people looking for work rise 121,000 from the third quarter, taking the jobless rate to 5.1%, the most since early 2016, the Office for National Statistics said on Tuesday. The ...

Bloomberg Facebook Inc. backed down from its news blackout in Australia after government agreed to amend world-first legislation forcing the tech giant and Google to pay local publishers for content. The social-media platform switched off news sharing in Australia last week in opposition to the proposed law, and Mark Zuckerberg and government officials have been locked in talks to find ...

Bloomberg Johnson & Johnson (J&J) said it set aside almost $4 billion to cover the biggest verdict against the company over its Baby Powder and other settlements while it’s appealing the 2018 loss to the US Supreme Court. In a securities filing, J&J said it was taking a “litigation expense of $3.9 billion” related to ‘primarily talc-related reserves and certain ...

Bloomberg Statistics Canada backtracked on its decision to revise down estimates of underlying inflation, raising questions whether the agency has a full grasp of the real state of price pressures in the economy. In a rare move, the agency said it’s reversing a methodological change — unveiled only five days ago — that lowered some readings of core prices. After ...