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Labour’s leadership battle to deliver verdict on Corbynism

Bloomberg The race to succeed Jeremy Corbyn is exacerbating divisions in the UK’s main opposition Labour Party, as former members of Parliament who lost seats this month demanded an “unflinching” review into why the leader’s message had proved such a turnoff among voters. “We need to be honest about why our outgoing leadership’s reflexive anti-Western world view was so unpopular, ...

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Hong Kong economy set to shrink in Q4 amid unrest

Bloomberg Hong Kong’s economy is set to contract in the fourth quarter as the city reels from six months of violent social unrest, the financial chief said on Sunday. “Based on the situation of these few months, it is inevitable that negative growth will continue,” Financial Secretary Paul Chan said in a blog post. “This means the government will be ...

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Vietnam to punish firms for trade fraud in China-product probe

Bloomberg Vietnam will punish four companies for fraudulent labels on products from China that the firms claim were made locally, as authorities expand their crackdown into Chinese manufacturers trying to bypass US tariffs. The unidentified companies, which assemble bicycles, electric bikes and wooden shelves, admitted to the violations, according to a government statement. Vietnam’s customs department is also investigating possible ...

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