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‘Visa’ aimed at rich Chinese faces axe in Australia

  Bloomberg Australia is set to review a visa for people who invest at least A$5 million ($3.4 million) in the country, with the home affairs minister saying she sees little reason to retain the program that has been criticized as providing a fast track for wealthy Chinese. The Significant Investor visa is designed to attract funds into the country, ...

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Greek coastguard fires at trade vessel: Turkey

  Bloomberg Turkey said the Greek Coast Guard fired on a ship in international waters in the northern Aegean Sea, marking another potential escalation of tension between the Nato countries Saturday, as Greek Prime Minister Kyriakos Mitsotakis accused its neighbor of “bullying.” Two Greek boats opened fire on a Comoros-flagged vessel named Anatolian, state-run Anadolu Agency reported, citing the Turkish ...

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ECB intensifying its scrutiny of banks’ response to energy crisis

Bloomberg The European Central Bank (ECB) is intensifying discussions with bank executives over their readiness for a potential surge in company defaults and a drying-up of energy-market liquidity, amid the worsening stand-off over Russian gas supplies. The Frankfurt-based bank watchdog wrote to lenders last month, telling them to analyse the impact of a gas stoppage on their businesses, according to ...

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