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Copper skids to lowest level since mid-2017

Bloomberg Copper skidded to the lowest since mid-2017 as investors faced fresh evidence of a global slowdown and fading prospects for a deescalation in the US-China trade war. Long known as a canary in coal mine for the economy, copper has slumped 16% since mid-April on the back of a sharp downturn in factory output and warnings that major economies ...

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China softens tone towards HK, but refuses to yield on demands

Bloomberg China softened its tone towards Hong Kong’s protesters, saying peaceful demonstrations were allowed under the law, even as it ruled out a fundamental demand for direct democracy that has fuelled the unrest. In a wide-ranging briefing in Beijing, Chinese officials overseeing Hong Kong sought to make a clear distinction between violent protesters who have thrown petrol bombs in running ...

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Lawmakers stripped off ‘immunity’ in Ukraine

Bloomberg Ukraine revoked the immunity from prosecution long enjoyed by lawmakers, part of President Volodymyr Zelenskiy’s efforts to stamp out corruption. Parliament voted for a constitutional amendment placing its members on the same legal footing as other citizens, starting from January 1. The bill was originally submitted in 2015 by ex-President Petro Poroshenko, but was sidelined until Zelenskiy’s ruling party ...

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