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Republicans face calculation in vote on Trump nominee

Bloomberg Senate Republicans face a critical choice on replacing the late Supreme Court Justice Ruth Bader Ginsburg — vote on her successor before Election Day, or wait until immediately afterward — when Trump will still be president no matter the November 3 outcome until next January. The choice comes down to a calculation of the politics. Senate Majority Leader Mitch ...

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Europe’s virus surge hits French finance chief, threatens London

Bloomberg France’s finance chief contracted Covid-19 amid the virus surge in his country and Prime Minister Boris Johnson said the UK may need tighter restrictions, signalling Europe’s growing risk of the kind of lockdowns that crippled the economy in the second quarter. Mayor Sadiq Khan sounded the alarm for London, saying it’s “increasingly likely” that “additional measures will soon be ...

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UK loses 700,000 jobs to pandemic

Bloomberg Britain’s labour market took a turn for the worse in July even as the economy gradually reopened, taking total job losses under the pandemic to almost 700,000 and raising pressure on the government to extend support programs. Employment falls by 102,000, the first decline since April, the Office for National Statistics said. The single-month unemployment figure reached 4.4%, the ...

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Argentina’s economic team splits over restrictions on dollar buying

Bloomberg Argentina’s latest crackdown on dollar purchases exposed a split between the nation’s top policy makers as they struggle to find a way back from the deepest crash on record. Argentina’s dollar bonds extended their drop, two days after central bank chief Miguel Pesce tightened already-strict currency controls. Pesce wanted to ban savers from buying any dollars at all, while ...

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Latin American cities bustle like Covid is gone, but it’s not

Bloomberg Rush hour is back with a vengeance in Mexico City, diners have returned to restaurants in Bogota and joggers have flocked to Buenos Aires’s parks. In Sao Paulo and Rio de Janeiro, crowds have packed beaches and even the sprawling fake lawn beneath Alphabet Inc’s regional headquarters. In Latin America’s big cities, as in other places around the globe, ...

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ERC sends third aid aircraft to Khartoum

ABU DHABI / WAM A third Emirati aircraft carrying aid from the Emirates Red Crescent (ERC) arrived in Khartoum to rescue people affected by the floods that hit many Sudanese states, as part of the current Emirati humanitarian aid programme aimed at reducing the effects of the floods. The aircraft carried medicines, medical equipment, food and shelter materials, which will ...

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DP World, Dubai Customs to explore trade links with Israel

DUBAI / WAM DP World, the leading global provider of smart end-to-end logistics solutions, and Dubai Customs will be exploring opportunities to develop trade links between Israel and the UAE, following the signing of a series of memorandums of understanding. Group Chairman and CEO of DP World Sultan Ahmed bin Sulayem signed MoUs with DoverTower, a company owned by Shlomi ...

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UAE-Israel peace deal will revive Middle East peace process: FNC

Abu Dhabi / WAM Saqr Ghobash, Speaker of Federal National Council(FNC) has affirmed that the UAE- Israel Peace Accord is a historic step towards reviving the process of peace in the Middle East, and will guarantee the region’s security and stability. In a statement issued by the Council Ghobash said, “FNC stresses that the accord reflects the never-changing principles of ...

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Future readiness key to Dubai’s leadership in wooing FDI

Dubai / WAM Dubai Investment Development Agency (Dubai FDI) an agency of Dubai Economy, is working closely with investors with the aim of enhancing the absorptive capacity of new quality investments that keep pace with global market trends and support sustainable economic growth in the emirate, said Fahad Al Gergawi, CEO of Dubai FDI and President of the World Association ...

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Secret Tibetan military force ups stakes in India-China row

Bloomberg At a funeral last week in the mountains of northern India, one of Prime Minister Narendra Modi’s top aides paid respect to a Tibetan soldier killed on the front lines of deadly clashes with China. Surrounded by troops waving the flags of both India and Tibet, Ram Madhav laid a wreath before the coffin during a ceremony that gave ...

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