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The Kremlin’s new man will keep us guessing

Russian prime ministers are often swiftly forgotten. Few, like Vladimir Putin himself, have gone on to greater things. Since taking over as prime minister in January, Mikhail Mishustin has promoted himself out of the first group. The tech-savvy former tax chief became the face of the government’s coronavirus response after Putin, early on, faded from view. He’s pushing through an ...

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Southwest to avoid first layoffs as relief bill clears

Bloomberg Southwest Airlines Co. said it would rescind plans to cut jobs and wages next year, now that new federal payroll support has been approved, averting what would have been the first worker layoffs in the carrier’s history. US airlines will receive $15 billion to pay workers as part of the package President Donald Trump signed into law on Sunday. ...

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Chinese retailers see rise in loan rejections

Bloomberg Smaller Chinese companies and those in the retail industry are struggling to access credit amid a weak recovery in consumer spending, according to China Beige Book International (CBBI), a provider of independent economic data. Loan rejection rates for retail businesses increased to 38% in the final quarter of 2020 from 14% in the previous quarter, according to the latest ...

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