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Trump stands on Confederacy, race out of step with voters

Bloomberg President Donald Trump’s latest salvos about Confederate flags and statues and his attacks on racial-justice protesters may provide affirmation to his core supporters, but the rhetoric is increasingly out of step with the way most Americans think in 2020. In the last two days, Trump has condemned Nascar’s decision to ban the Confederate flag from its raceways and criticised ...

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India, China start pulling back troops in disputed region

Bloomberg Indian and Chinese troops have begun pulling back from large tracts of land along their remote Himalayan boundary, a move aimed at defusing a nine-week standoff between the two nuclear-armed neighbours that resulted in the loss of lives on both sides. Armies are falling back at several places in Ladakh including Pangong Tso — a glacial lake at 14000 ...

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Violence in Serbia over virus curfew plan

Bloomberg Thousands of protesters clashed with police in Serbia’s capital after the president said he’d reinstate one of Europe’s strictest lockdown regimes to confront a spike in new cases of Covid-19 in the city. Riot police used tear gas to repel rock-throwing, mostly right-wing demonstrators who briefly broke into the parliament building in central Belgrade in the biggest outbreak of ...

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France can’t afford yet another lockdown: PM 

Bloomberg France’s new government would seek to preserve the economy should a second wave of the coronavirus pandemic force it to bring back lockdown measures, Prime Minister Jean Castex said on Wednesday. “We won’t survive, economically and socially, an absolute and generalized lockdown,” Castex told BFM TV and RMC radio, adding that he advocated more targeted restrictions. With the World ...

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Trudeau’s gaping deficit begins a new era of debt for Canada

Bloomberg Prime Minister Justin Trudeau is set release his first estimate of the full cost of the multiphase effort to buffer Canada from its deepest recession since the 1930s. Trudeau’s finance minister, Bill Morneau, will provide a fiscal update that’s expected to show a current-year deficit of at least $163 billion, or 12% of economic output. The gap last year ...

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French PM vows to protect economy if 2nd virus wave hits

Bloomberg France’s new government would seek to preserve the economy should a second wave of the coronavirus pandemic force it to bring back lockdown measures, Prime Minister Jean Castex said on Wednesday. “We won’t survive, economically and socially, an absolute and generalised lockdown,” Castex told BFM TV and RMC radio, adding that he advocated more targeted restrictions. France is still ...

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DHL to lay off 2,200 UK workers based at JLR

Bloomberg Logistics company DHL International plans to lay off as many as 2,200 UK workers based at Jaguar Land Rover (JLR) factories in the latest blow to automotive jobs in the nation. About two in five of the DHL employees at JLR’s UK factories face dismissal, the union Unite said in a statement. DHL linked about half of the reductions ...

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Daimler sharpens cost cutting with sales recovery on horizon

Bloomberg Daimler AG Chief Executive Officer Ola Kallenius will widen cost cuts to shore up returns, even as the German manufacturer signalled demand for cars and trucks started to recover from the most dramatic slump in decades. Mercedes-Benz car deliveries in China climbed to a record in the second quarter, truck orders are picking up, and global retail sales in ...

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UK house prices drop 0.1% in June from May

Bloomberg UK house prices have slipped for a fourth month in June as the country started to emerge from lockdown. Average house prices fell 0.1% to an average of $300,000, Halifax said, the longest run of declines in a decade. From a year earlier, prices gained 2.5%. New mortgage inquiries rose 100% on the month. Britain is slowly lifting the ...

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Google, Amazon funnel $20mn to virus conspiracy sites

Bloomberg Digital advertising platforms run by Google, Amazon.com Inc. and other tech companies will funnel at least $25 million to websites spreading misinformation about Covid-19 this year, according to a study released Wednesday. Google’s platforms will provide $19 million, or $3 out of every $4 that the misinformation sites get in ad revenue. OpenX, a smaller digital ad distributor, handles ...

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