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China slams US for hyping Covid-19 source theory

Bloomberg China accused the US of promoting theories that the coronavirus escaped from a high-security lab in Wuhan, as a fresh report about sick workers at the facility prompted Beijing to reaffirm denials. “The report that you mentioned about three people getting sick, that is not true,” Foreign Ministry spokesman Zhao Lijian told a regular briefing on Monday in Beijing. ...

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Credit Suisse weighs retention bonuses to stem flight of talent

Bloomberg Credit Suisse Group AG is considering special retention bonuses for top performers after the Greensill Capital and Archegos Capital Management scandals rocked the Swiss lender and set off a wave of departures. The firm’s top executives and board of directors are weighing moves to keep top performers — both junior employees and veteran rainmakers — after the incidents hit ...

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ECB’s Lagarde signals no major policy shift at next month’s meeting

Bloomberg European Central Bank (ECB) President Christine Lagarde played down the possibility of a major change away from the current stimulus settings when policy makers meet next month. “It’s far too early and it’s actually unnecessary to debate longer-term issues,” Lagarde said at a news conference in Lisbon, responding to a question on whether Europe’s economic rebound may lead the ...

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