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Belarus border crisis turns violent as leader speaks of détente

Bloomberg Poland used water cannon and tear gas to stop Belarus-backed migrants from crossing the European Union’s eastern frontier a day after the bloc approved new tools to punish those escalating the crisis. Under the threat of new sanctions and facing accusations of mounting a “hybrid attack” on the EU by ushering travellers to the border, Belarusian President Alexander Lukashenko ...

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Johnson: It’d be ‘legitimate’ to scrap part of Brexit deal

Bloomberg Boris Johnson said it would be “perfectly legitimate” for the UK to suspend part of the Brexit deal with the European Union (EU), though his government still wants to negotiate a solution to their escalating trade spat. The UK is demanding a major overhaul of the divorce agreement it signed with the bloc, arguing that its implementation is causing ...

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Hong Kong banks need to fix $205 billion in Libor contracts

Bloomberg Hong Kong banks have to renegotiate HK$1.6 trillion ($205 billion) in contracts linked to the London interbank offered rate (Libor) before the benchmark ceases as corporate customers have been slow in transitioning to alternatives, the city’s de-facto central bank said. At the end of September, Hong Kong lenders had HK$4.3 trillion of assets, HK$1.2 trillion of liabilities and HK$34.9 ...

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