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During pandemic, CDC stumbled repeatedly

  For many years, the US Centers for Disease Control (CDC) and Prevention was known as the world’s preeminent public-health agency. No longer. During the pandemic, the CDC stumbled repeatedly. Accused of incompetence, overreach and muddled messaging, it is now in need of repair. Director Rochelle Walensky was right to order a review of the agency’s operations in early April. ...

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Philippines can’t afford to go back to the past

  In 2016, Filipino voters picked a president who will be remembered for his crass pronouncements and a brutal war on drugs. On Monday, if polls would be correct, they are poised to elect the son of the late dictator Ferdinand Marcos. The return of the Marcos clan to the Malacañang Palace may appeal to Filipinos nostalgic for the era ...

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France’s Macron proposes political union to bring Ukraine, UK close

Bloomberg French President Emmanuel Macron offered a way for Ukraine to work more closely with the European Union, hours after Russia’s Vladimir Putin compared his war with Kyiv to the fight against Nazi Germany. “Ukraine, with its fight and courage, is already a member by heart of our Europe, our family, our union,” Macron told members of the European parliament ...

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Russian envoy to Poland hit with red paint in war protest

  Bloomberg Russia’s ambassador to Poland, Sergey Andreev, was struck with red paint in Warsaw amid protests opposing the Kremlin’s invasion of Ukraine. Crowds jeered the envoy as he led a Russian delegation to lay flowers at a memorial to Soviet Red Army troops who defeated Nazi Germany in World War II as part of Russia’s May 9 Victory Day ...

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UK housing market outlook dims on increase in borrowing costs

Bloomberg The UK housing market is braced for headwinds as rising borrowing costs add to the cost-of-living crisis stretching the affordability for property buyers. Mortgage lenders are following the Bank of England (BOE) by raising interest rates from historic lows. That’s making it more expensive to own a home at a time when prices of everything from energy to clothes ...

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Biden to tout plan offering free internet to millions of homes

Bloomberg Twenty US internet providers have agreed to offer high-speed connections at essentially no cost to millions of low-income households, as part of a program funded by the infrastructure law passed last year. President Joe Biden and Vice President Kamala Harris will announce that 20 companies, including AT&T Inc., Comcast Corp. and Verizon Communications Inc., have agreed to offer high-speed ...

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Tesla sues engineer over ‘dojo’ supercomputer technology theft

Bloomberg Tesla Inc sued a former engineer claiming he illegally transferred confidential information on its supercomputer technology to his own computer and turned over a “dummy” laptop for inspection to cover up the theft. Tesla is developing an in-house supercomputer, dubbed Project Dojo, to deal with massive amounts of data, including video from Tesla cars, and using it to create ...

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Canada’s jobless rate hits new low

  Bloomberg Canada’s labour market stalled even as the jobless rate falls to a new record low, hampered by a dearth of new workers. The economy added 15,300 jobs in April, Statistics Canada reported in Ottawa, fewer than half the 40,000 gain anticipated by economists. The small increase ended a surge that saw Canada create about 410,000 jobs over the ...

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Europe aims to revive trade deals to secure allies

  Bloomberg The European Union aims to secure at least three stalled trade accords this year as the bloc looks to reinforce strategic alliances amid the turmoil caused by Russia’s invasion of Ukraine. The European Commission expects to conclude negotiations with Chile, New Zealand and Australia by the end of 2022 after progress had been stalled for months. The commission, ...

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Asia stock stars may see more tailwinds even as world tightens

  Bloomberg Fed hikes, decades-high inflation and Covid lockdowns in China are only adding to investor bets that Southeast Asia’s stock markets may be one of the best places to park their money right now. Buyers are touting an economic reopening and the region’s attraction as a hedge against higher commodity prices, which is helping the MSCI Asean Index break ...

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