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UN rights office calls on Vietnam to release four jailed activists

  Bloomberg The United Nations Human Rights Office called on Vietnam to release four activists who were jailed for as much 10 years for disseminating anti-state propaganda, according a statement from UN spokesperson Ravina Shamdasani. Trinh Ba Phuong, Nguyen Thi Tam, Do Nam Trung and independent author Pham Doan Trang were sentenced under articles 88 and 117 of Vietnam’s Criminal ...

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UK civil servant quits Johnson party probe

  Bloomberg Simon Case, the civil servant spearheading the investigation into whether the prime minister’s office and other government departments hosted lockdown-breaking parties last year, has stepped back from the role following reports that he hosted a similar event at the time. In a statement, Downing Street said Case had recused himself from the process to “ensure the ongoing investigation ...

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UK food costs set to continue climbing after festive season

  Bloomberg The soaring costs and staffing shortages plaguing the UK’s food-supply chain show little sign of ebbing next year, industry groups warned. The country’s slaughterhouses and produce farms have been hit by worker shortages and transport bottlenecks this year, while rocketing prices of fertilizer, energy, packaging and feed are adding to the woes. Those pressures will be maintained on ...

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Swedish inflation reaches 28-year high in November

  Bloomberg Swedish inflation accelerated more than expected in November to the highest level in almost 28 years, testing the central bank’s patience for a price surge it believes to be largely transitory. The Riksbank’s target measure, CPIF, stood at 3.6% last month, Statistics Sweden said. It is the highest since December 1993, just over a year before the inflation ...

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BMW signs long-term chip deal after global shortage hits output

  Bloomberg BMW AG signed a long-term deal to secure semiconductors for in-car lighting systems after a global shortage of the components led to shutdowns at some of its factories. The automaker said it signed an agreement with Inova Semiconductors and Globalfoundries Inc., guaranteeing the supply of “several million” chips per year. The components will provide controls for ambient lighting ...

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France restricts travel from UK

  Bloomberg France is imposing tougher rules on people arriving from the UK, including a requirement to self-isolate, to slow the spread of Covid-19’s omicron variant. The measures are introduced after new daily cases in the UK rise to a record. The rise in infections is hitting economic activity across the euro area. Restrictions in the services sector halted recovery ...

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Euro area activity drops to 9-month low on resurgent virus

  Bloomberg Euro area economic activity slowed as rising coronavirus cases hurt service providers to offset an improvement in manufacturing output. Inflation pressure eased a little. A composite gauge for both sectors fall to 53.4 in December from 55.4 the previous month, according to a survey of purchasing managers by IHS Markit. Services activity grew at its weakest since April ...

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