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Maruti Suzuki India’s profit narrows

Bloomberg Maruti Suzuki India Ltd’s profit narrowed and earnings trailed estimates as a resurgent Covid-19 outbreak hit consumer demand in Asia’s third-largest economy. Net income fell 9.3% to 11.7 billion rupees ($157 million) in the three months ended on March 31, the unit of Japan’s Suzuki Motor Corp said in a statement. That’s less than the average analyst estimate of ...

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Sleaze crisis deepens for UK’s Johnson with watchdog probe

Bloomberg UK Prime Minister Boris Johnson is facing an official investigation into whether he or his party broke election law by failing to declare the funding of works to refurbish his government residence. The Electoral Commission, which regulates political donations, announced the inquiry amid questions over whether Johnson took an undeclared loan from a political donor to cover the costs ...

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Somalia’s president backtracks two weeks after extending rule

Bloomberg Somalia’s leader said he’s prepared to hold elections, after a controversial plan to extend his mandate without a vote drew international condemnation and stoked violence in the Horn of Africa nation. President Mohamed Abdullahi, also known as Farmajo, called for urgent talks on the return to a September 17 agreement between the federal and regional governments to hold an ...

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