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Macron’s policies faces Yellow Vest test

Bloomberg Towns around France braced for the 24th Saturday of Yellow Vest protests in the first test of whether President Emmanuel Macron’s latest policy announcements will succeed in stilling months of unrest. Police prepared for a large turnout in Strasbourg after Yellow Vest organisers urged people from other countries to join the protest in the city that’s home to the ...

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N Korea: US pressures Seoul over sanctions

Bloomberg North Korea accused the US of pressuring South Korea to follow a policy of implementing sanctions against the regime, its state media reported. The Korean Central News Agency (KCNA) report said there was a “serious situation of tension being created” on the peninsula amid halted denuclearisation talks with the US. The report was a commentary from the Committee for ...

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Russian agent sentenced to 18 months

Bloomberg Maria Butina, the self-styled Russian gun-rights activist who befriended senior officials from the National Rifle Association (NRA) and the Republican party in the run-up to the 2016 election, was sentenced to 18 months in prison for failing to register in the US as an agent of a foreign government. Butina told US District Judge Tanya Chutkan in Washington that ...

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Putin says Russia may offer passports to all Ukrainians

Bloomberg Russian President Vladimir Putin said he may extend an offer of citizenship to cover all Ukrainians after he sparked controversy by ordering passports to be made available to people in areas of the country controlled by pro-Moscow separatists. Russia’s offer of citizenship is “not only to the people who live” in the rebel-held areas of Ukraine’s eastern Donetsk and ...

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US must break out of its ‘terrorism fatigue’

One disturbing aspect of the Easter Sunday bombings in Sri Lanka was that the slaughter of 321 victims came at a time when America is suffering what might be described as “terrorism fatigue.” The wars against Al Qaida and the IS extremists are part of a painful past that policymakers and the public want to escape. Those Middle East conflicts ...

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The real crisis risk at the ECB

The euro zone has only recently recovered from a double-dip recession, but there are already questions about how prepared it would be for a new crisis. All eyes are on the European Central Bank (ECB), which has been the strongest line of defense against an economic slowdown. While pessimists worry that the ECB has few tools left if it needs ...

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Britain’s embrace of Huawei is about Brexit

British Prime Minister Theresa May’s decision not to ban Huawei Technologies Co. outright was the easier choice. That doesn’t mean it was the right one. The US has been vociferously pushing for countries to exclude telecommunications equipment made by the Chinese firm, saying it’s vulnerable to hacking by state-sponsored actors from its home nation. But Huawei also has some of ...

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China’s bond market reaches a tipping point

For those who watch China closely, there has never been a more pivotal moment in the evolution of its economy and financial markets. More than 40 years since the start of its “Reform and Opening Up” process, and despite the volatility in US-China relations, China’s commitment to market reform remains. This year will likely see the improvement of market access ...

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Jet Air crisis and collapse of the Indian capitalism

The grounding of Jet Airways India Ltd., the country’s oldest private-sector carrier, isn’t just bad news for customers and its 23,000 employees. It raises yet again a question that’s puzzled two successive governments and will continue to bedevil whichever party takes power after elections conclude next month: What’s killing capitalism in India? Jet was born in the early 1990s, when ...

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Deutsche goes back to a cold, dark place

Deutsche Bank AG’s decision to abandon an attempted takeover of Commerzbank AG makes sense, but it still leaves both sides scrambling for alternative solutions to the same problem of pathetic returns. After weeks of deliberations, the German behemoth concluded the benefits would not have offset the “additional execution risks, restructuring costs and capital requirements.” The rationale is hardly a surprise. ...

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