Bloomberg Singapore has long been the city of choice for Western expats wanting an easy entrée into Asia. Clean, efficient, with low tax rates, it’s often seen as rivaling Hong Kong, especially with that city hit by street protests and unrest over China’s new national security law. Yet just when Singapore should be a magnet for global talent, some recruiters ...

Bloomberg Police clashed with far-right protesters in Berlin and made about 200 arrests after tens of thousands of people rallied mostly peacefully against German restrictions to contain the coronavirus pandemic. An estimated 38,000 people took part in at least two rallies near key federal government buildings, according to broadcaster ARD. Later, violence erupted between law enforcement and about 3,000 far-right ...

Bloomberg Democrats lambasted a decision by the Office of the Director of National Intelligence (ODNI) to no longer provide lawmakers with in-person, verbal briefings on election security ahead of November’s vote, which President Donald Trump said came after “leaks.” “This is a shocking abdication of its lawful responsibility to keep the Congress currently informed, and a betrayal of the public’s ...

Bloomberg India has pulled out of a multilateral military exercise hosted by Russia next month, citing the coronavirus pandemic. A defense ministry statement said that India had decided not to send a contingent to the Kavkaz-2020 event in Russia “in view of pandemic and consequent difficulties in exercise.” Around 20 nations are expected to participate in the exercise, which is ...

Bloomberg The European Union called for new elections to be held in Belarus, just as President Alexander Lukashenko makes plans to travel to Moscow in the coming weeks to meet with his Russian counterpart Vladimir Putin. The EU’s top diplomat, Josep Borrell, wrote in Journal du Dimanche that a new ballot is needed, with the Organization for Security and Cooperation ...

Bloomberg The military coup in Mali raised alarm across West Africa, a region under threat for years from extremists that can ill afford more instability. Yet at home, it’s largely seen as a harbinger of progress. Weeks of public unrest and the final ouster of President Ibrahim Boubacar Keita was the culmination of anxiety over his failure to steer the ...

Bloomberg China’s biggest banks are suffering their worst profit decline in more than a decade as a cascade of loans to businesses across China are going bad. Reporting their first-half earnings on Sunday, China Construction Bank Corp., (CCB) the world’s second-largest lender by assets, said profit slid 11% in the period, while Agricultural Bank of China Ltd., (AgBank), China’s third ...

Bloomberg The Bank of England (BOE) has plenty of room to add more monetary stimulus to fight UK’s economic slump, including negative interest rates if needed, Governor Andrew Bailey said. “We are not out of firepower by any means,” he said at the Federal Reserve’s annual policy symposium, being held virtually instead of the traditional venue at Jackson Hole, Wyoming. “To ...

Bloomberg Credit Suisse Group AG has discovered fraud at its international wealth management business, two years after it was criticized by a regulator in a similar case that rattled the bank and raised questions about controls. The Swiss lender dismissed a Zurich-based banker who forged documentation on an over-the-counter contract for an African wealth management client, according to people familiar ...

Bloomberg Deutsche Bank AG has submitted a bid for some of Wirecard AG’s German assets, but the administrator of the insolvent payments company considers it too low. The offer from Germany’s largest lender for Wirecard Bank and some related companies was one of several, the people said. All the non-binding bids were well below $119 million, which Wirecard administrator Michael ...