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UK economy shows surge after clocking worst year since 1709

Bloomberg The UK economy grew at double the pace expected in the fourth quarter, showing signs of resilience to coronavirus restrictions at the end of a year that delivered the worst recession since 1709. Figures add some weight to the Bank of England’s view that while the economy will likely shrink in the first three months of the year, a ...

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German firms to face fines if suppliers abuse human rights

Bloomberg German companies from BASF SE to Volkswagen AG risk fines if their suppliers around the world breach human rights. Under new legislation agreed to by Chancellor Angela Merkel’s government, companies will have to ensure their partners don’t engage in harmful practices and exploitation. In addition to penalties, German firms can also be excluded from public contracts. The so-called Supply-Chain ...

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Canada says it’s open to carbon tariffs

Bloomberg Canadian Prime Minister Justin Trudeau’s government is examining the merits of carbon tariffs, a policy measure to tax goods from countries with weaker climate laws that’s won the support of Boris Johnson. The UK prime minister wants Group of Seven countries to discuss the idea of imposing levies on imported goods made in places that don’t have strong rules ...

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