Bloomberg The leaders of Australia and New Zealand have urged China to give outside observers “unfettered access†to Xinjiang, a move that is likely to draw criticism from Beijing. Australian Prime Minister Scott Morrison and New Zealand’s Jacinda Ardern “expressed grave concerns about the human rights situation†in China’s far western region and said the United Nations and others should ...
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Biden to tell Putin US won’t ‘stand by’ on human rights abuses
Bloomberg President Joe Biden said the US will stand up for human rights and pledged to raise the matter during his meeting with Russian President Vladimir Putin next month. “I’ll be meeting with President Putin in a couple of weeks in Geneva, making it clear that we will not, we will not stand by and let him abuse those rights,†...
Read More »Mali suspended from West African regional bloc over coup
Bloomberg West African leaders suspended Mali from a regional bloc after military officers wrested control of the country’s government, the second coup in the West African country in nine months. The suspension will remain in force until the nation returns to constitutional rule, Ghana’s Minister of Foreign Affairs Shirley Ayorkor Botchway told reporters in the capital, Accra, following an emergency ...
Read More »Duterte gets party’s push to stay in power
Bloomberg Philippine President Rodrigo Duterte’s political party has urged him to run for vice president in the 2022 elections, charting a possible path for him to stay in a top government post after his term ends next year. Duterte’s political party PDP-Laban passed a resolution that also urges him to choose a presidential candidate, according to the group’s live-streamed assembly. ...
Read More »Colombia steps up troop presence after 14 killed
Bloomberg Colombia President Ivan Duque deployed more troops to the city of Cali and the surrounding region after violent clashes that have left at least 14 dead since Friday. More than 1,100 soldiers arrived to ensure the security and mobility of the population, according to a presidential statement. The government added 25 military patrols in areas of the country’s third-largest ...
Read More »France ready to start cutting back crisis aid, says Borne
Bloomberg France is ready to start reducing financial support to businesses and workers hit by coronavirus restrictions as its vaccination program offers a route out of the crisis, Labour Minister Elisabeth Borne said. The government has spent more than 40 billion euros ($48.8 billion) in 2020 and 2021 to protect employment, benefiting 2.7 million people on furloughs last month, up ...
Read More »Sunak wants Biden to support tax on tech companies
Bloomberg UK Chancellor of the Exchequer Rishi Sunak wants the US government to sign up to a global tax on technology companies such as Google and Facebook Inc, he said in an interview with the Mail. He urged President Joe Biden’s administration to discuss the new tax in time for Group of Seven meetings next month. The US has indicated ...
Read More »OECD says global tax deal may not come until October
Bloomberg A full global deal to overhaul taxation rules and make multinationals pay more in countries where they operate may not be achieved until October, the chief of the Organisation for Economic Cooperation and Development (OECD) said on Monday. Speaking in Paris, Angel Gurria said a “180-degree change in the position of the US†has accelerated the talks, making an ...
Read More »Sweden’s export-driven economy returns to its pre-pandemic level
Bloomberg Sweden’s economy returned to its pre-pandemic level in the first quarter as the recovery in the largest Nordic economy is outpacing most of its wealthy peers. The gross domestic product was unchanged in the first quarter from the year-earlier level, on a calendar-adjusted basis, according to the Stockholm-based statistics office. Swedbank’s analysts Pernilla Johansson and Maria Wallin Fredholm said ...
Read More »Generali offers $1.4b for Italian insurer
Bloomberg Assicurazioni Generali SpA offered to buy Italian insurer Societa Cattolica di Assicurazioni SC in a deal valuing the smaller rival at 1.5 billion euros ($1.4 billion). Generali, which already has a stake of about 24% in the company, is offering investors 6.75 euros per Cattolica share in an all cash deal, the insurer said in a statement. The offer ...
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