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US allies urge China to allow ‘unfettered access’ to Xinjiang

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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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 ...

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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. ...

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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 ...

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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 ...

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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 ...

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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 ...

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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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