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Nurses to go on strike in Denmark amid pay dispute

Bloomberg About 5,000 Danish nurses are preparing to go on strike from Saturday, after their union failed to reach an agreement with employers over pay. The Danish Nurses’ Council rejected the wage proposal put forward in Copenhagen, Grethe Christensen, the group’s chair, said at a press conference. The council has made the case that nurses, who are predominantly female, have ...

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India’s RBI tolerating faster inflation amid growth focus

Bloomberg Indian monetary policy makers are tolerating inflation rates higher than their 4% medium-term target while they focus resources on an economic rebound. Economists see the Reserve Bank of India (RBI) taking a grin-and-bear it approach to price pressures as it seeks to help Asia’s No. 3 economy recover from one of the world’s worst coronavirus outbreaks. The RBI has chosen ...

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TD defeats $4.5bn negligence claim in Stanford fraud case

Bloomberg Toronto-Dominion Bank (TD) was found not liable for losses related to convicted fraudster Allen Stanford’s Ponzi scheme, with an Ontario judge rejecting a $4.5 billion negligence claim against the firm. The lender doesn’t need to pay the claim filed by trustees trying to recover losses from Stanford investors because Toronto-Dominion “did not know or have any reason to suspect ...

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