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Thousands evacuate in Japan ahead of Typhoon Haishen

Bloomberg Hundreds of thousands of people have been ordered to evacuate in southern Japan, and companies including Toyota Motor Corp and Canon Inc are planning to shutter factories as Typhoon Haishen approaches. The Japan Meteorological Agency said the typhoon may make landfall on Kagoshima prefecture in the southern Kyushu island on Sunday evening. More than 46,000 households were without power ...

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UK urges probe into Navalny poisoning

Bloomberg UK Foreign Secretary Dominic Raab said Russia has a “case to answer” over the poisoning of opposition leader Alexei Navalny given its “track record,” and called for the Kremlin’s cooperation with an international investigation. Speaking to the BBC on Sunday, Raab said that while it’s too early to attribute blame, “it’s very difficult to come up with a plausible ...

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Joe Biden building up his ‘transition team’

Bloomberg Democratic presidential nominee Joe Biden is expanding his transition team with senior campaign aides, vice presidential contenders and a former primary rival, two months before he faces President Donald Trump in the general election. Biden added four co-chairs to help former Delaware Senator Ted Kaufman oversee the effort. They include Anita Dunn, a senior adviser to the campaign; Representative ...

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HK police makes sweeping arrests as protests return

Bloomberg Hong Kong police arrested scores of people including key activists as protests again flared up on the city’s streets on Sunday after weeks of relative calm since the implementation of a national security law. At least 90 people were arrested on charges including illegal assembly, disorderly conduct, obstructing and assaulting police, according to the authority. More than 20 people ...

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Merkel vows to bolster public health service in Germany

Bloomberg Germany will prioritise strengthening its public-health service and hire more workers, Chancellor Angela Merkel said in her weekly podcast. Under the plan, the federal government will spend $4.7 billion by 2026 to allow for an additional 5,000 public health-care workers and the improvement of the digitalisation of health departments. The so-called ‘pact for the public health service’ was announced ...

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Argentina’s Guzman says nation must work to reduce bond yields

Bloomberg Argentina must reduce its bond yields before returning to international capital markets in a process that will likely take some time, Economy Minister Martin Guzman said on the day the country concludes a $65 billion debt swap. In the shorter term, it will continue to work with the 1% of bondholders who did not accept the government’s debt restructuring ...

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UK car sales stumble in August

Bloomberg UK car sales declined in August, denting hopes of a recovery in the industry from a coronavirus-driven sales slump. Vehicle registrations dropped 5.8% to 87,226 vehicles, according to the Society of Motor Manufacturers and Traders. July brought the UK’s first monthly gain in car sales of 2020, providing some relief as the industry cuts jobs and capacity to weather ...

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Canada extends rent-relief programme

Bloomberg Canadian Prime Minister Justin Trudeau will extend a loan program for commercial landlords into September as small businesses struggle to reopen amid Covid-19, Globe & Mail reported. The Canada Emergency Commercial Rent Assistance Program will be extended for a third time as the government works through options for reforming its rent-relief strategy, the paper said, citing people familiar with ...

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California avoids blackouts, braces for another day of heat

Bloomberg California narrowly averted another round of rotating blackouts after officials made desperate pleas to conserve power as reserves falls below critical levels during a record breaking heat wave. The state’s grid operator gave the all-clear signal shortly before 9 pm local time as temperatures fall after sundown. Earlier in the evening, officials declared a stage-two grid emergency — one ...

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China pledges to expand its stock connect programme

Bloomberg Chinese regulators vowed to accelerate the opening up of its capital markets and deepen reforms to attract more foreign investors. The regulator will expand the scope of investments allowed in the stock connect program link with Hong Kong, and allow foreign investors to trade more commodities futures products, China Securities Regulatory Commission Vice Chairman Fang Xinghai said at the ...

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