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Pakistan opposition stages protests to oust premier

Bloomberg Members of opposition parties in Pakistan are staging a sit-in protest in capital Islamabad, demanding the ouster of Prime Minister Imran Khan over his handling of the economy. Opposition cleric Fazl-ur-Rehman of Jamiat Ulema-e-Islam-Fazl is leading the protests, which are supported by Pakistan Muslim League-Nawaz’s Shahbaz Sharif and Pakistan People’s Party chairman Bilawal Bhutto Zardari. Khan has refused to ...

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Brexit to happen fast if Tories win: Johnson

Bloomberg British PM Boris Johnson will push his Brexit deal through parliament “very fast” and avoid any further dithering if his Conservative Party wins the general election on December 12, he told the Sunday Express newspaper in an interview. The UK will have the chance not just to do a free trade deal with the European Union, but it can ...

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Tamaki warns of ‘resistance’ to US missiles

Bloomberg As the Pentagon hunts for sites to deploy missiles against a rising China, Okinawa’s governor is warning the US to steer clear of the southern Japanese prefecture. Governor Denny Tamaki said in an interview that any US attempt to base intermediate-range ballistic missiles in Okinawa would be firmly opposed by the local people. Tamaki, who was elected last year ...

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Pelosi sets bar high for Trump impeachment inquiry

Bloomberg House Speaker Nancy Pelosi, offering her most expansive view of the impeachment probe to date, said she decided to advance the inquiry into President Donald Trump after his phone call with Ukraine’s leader provided her with the “clarity” that prior allegations against Trump lacked. Pelosi said the partial transcript of Trump’s July 25 conversation with Ukrainian President Volodymyr Zelenskiy ...

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UK set for slowest growth in a decade in 2020: EY Item Club

Bloomberg UK economic growth is set to slow to the weakest pace in a decade next year, leaving Bank of England policy makers on hold through to 2021, according to the EY Item Club. The forecaster will say on Monday that GDP will increase 1% in 2020, down from a projection of 1.5% made in July, due to the weaker ...

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Google, Walmart help drive India payments past 1bn transactions

Bloomberg A payments platform created by India’s largest retail banks surpassed a billion transactions in October, a milestone that affirms the tremendous growth of services offered by US giants from Walmart Inc to Amazon.com Inc and Google. Indian digital payments took off when the government pushed demonetisation in 2016, invalidating most of the country’s high-value currency notes in a move ...

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US may not need to put tariffs on european cars

Bloomberg The Trump administration may not need to put tariffs on imported automobiles later this month after holding “good conversations” with automakers in the European Union, Japan and elsewhere, Commerce Secretary Wilbur Ross said. In May, the White House agreed to delay new tariffs on imported vehicles and parts for six months as Washington engaged in negotiations with the European ...

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SoftBank-backed OneWeb preparing to raise $1 billion

Bloomberg Satellite-maker OneWeb is preparing to raise another $1 billion as costs soar for its planned launch of hundreds of advanced orbiters into space in 2020, the Telegraph reported, citing unidentified people. OneWeb aims to raise the funds from investors as it prepares to launch 30 satellites a month from December in what will be the largest-ever program of its ...

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Prime-age Americans in workforce hit decade high

Bloomberg The percentage of people in the US aged 25 to 54 who are employed or actively looking for work has climbed to the highest in a decade as demand in the health-care and education sectors lures more women into the workforce. Labour force participation in the so-called prime-age group rose to 82.8% in October, matching the rate from August ...

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UAW chief takes paid leave as corruption probe deepens

Bloomberg United Auto Workers (UAW) President Gary Jones, who led negotiations that ended an almost six-week strike at General Motors Co was expected to take a leave of absence Sunday amid reports he is involved in a years-long corruption scandal. Those allegations clouded contract talks with US automakers. “I do not want anything to distract from the mission,” Jones said ...

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