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Ivory Coast oppn leader vows to bring back exiles

Bloomberg Ivory Coast opposition leader Henri Konan Bedie vowed to welcome back exiled citizens and free political prisoners should he be elected president of the world’s biggest cocoa producer in next month’s elections. “I pledge to take concrete and immediate measures for the unconditional return of all exiles,” he said to a packed rally of his Democratic Party of Ivory ...

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UK justice secretary warns he may quit over Brexit plan

Bloomberg Justice Secretary Robert Buckland warned he could quit over the UK government’s plan to break international law by overriding the Brexit divorce treaty, as EU leaders stepped up pressure on Prime Minister Boris Johnson. “If I see the rule of law being broken in a way I find unacceptable, then of course I will go,” Buckland said on BBC ...

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Vizcarra pushes back on ‘impeachment’

Bloomberg Peru President Martin Vizcarra is pushing back on an impeachment attempt, asking the country’s top court to halt the process while accusing the head of congress of involving the military to oust him. Cabinet chief Walter Martos said the government will file a lawsuit on Monday at the Constitutional Court to halt the impeachment proceedings. In a televised address, ...

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Tropical Storm Sally set to reach New Orleans

Bloomberg Tropical Storm Sally looks set to reach New Orleans and southeastern Louisiana stronger than earlier forecasts, bringing a dangerous storm surge, flooding rains and potentially causing up to $3 billion damage and losses. Louisiana’s governor declared a state of emergency as the state braces for its second large storm in a month. Sally has also sparked evacuations on some ...

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Jakarta to isolate virus cases in official facilities

Bloomberg Residents of Indonesia’s capital of Jakarta who tested positive for the coronavirus will be isolated in official facilities and can no longer be quarantined at home, the city’s governor said ahead of tighter restrictions that take effect on Monday. Isolation at home must be avoided to limit contagion, Anies Baswedan said at a press conference on Sunday. The city’s ...

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British banks brace for slump by pulling mortgage deals

Bloomberg British mortgage lenders are beginning to batten down the hatches for an oncoming spike in unemployment. HSBC Holdings Plc, Barclays Plc and Natwest Group Plc have tightened restrictions on home loans for risky borrowers as officials unwind pandemic-support efforts. Then there’s the renewed prospect of a no-deal Brexit, threatening to deepen what’s already worst recession in centuries. By moving ...

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Euronext in talks to bid for Borsa Italiana

Bloomberg Deutsche Boerse AG submitted an offer for exchange operator Borsa Italiana SpA, pitting it against a joint bid from Italian state-backed lender Cassa Depositi e Prestiti SpA and France’s Euronext NV. The German exchange said in a statement that it was “offering a high value for the future growth and development of an autonomous Borsa Italiana Group, thereby strengthening ...

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Citigroup argues against trial delay in Revlon suit

Bloomberg Citigroup Inc. is looking to keep court proceedings on track in its attempt to recover more than $900 million the bank says it accidentally transferred to Revlon Inc. lenders last month. A lawyer for the bank asked US District Judge Jesse Furman in Manhattan to deny a request by some of the lenders to postpone trial in Citigroup’s suit ...

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Danske says senior staff knew about debt errors for years

Bloomberg Danske Bank A/S said some staff, including managers, have long been aware of a number of the debt collection issues that resulted in up to 15,000 clients being overcharged. The bank, which is still being investigated separately for money laundering, said it has submitted a report to its watchdog in Copenhagen as it tries to deal with the fallout ...

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Italy’s Gualtieri wants Monte Paschi saved not broken up

Bloomberg Italy is seeking “a revamp not a break up” of Monte dei Paschi di Siena SpA, Italian Finance Minister Roberto Gualtieri said. “The path to follow is a search for a strategic partner,” Gualtieri told reporters in Berlin. “We sold non-performing assets, a de-risking operation that allows Paschi to be relaunched.” The Italian state plans to dispose of its ...

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