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Russia removed from nuclear-energy stage at Washington summit

Bloomberg Russia lost its place on stage at a key international nuclear summit in Washington next week, as US authorities seek ways to limit the influence of Kremlin-controlled atomic fuel and technology suppliers on the global market. The International Atomic Energy Agency confirmed Thursday that executives from Rosatom Corp. and Russia’s industry regulator were dropped from the agenda of next ...

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Putin’s ally lets him build up forces near Ukraine again

Bloomberg The president of Belarus insists he won’t join Vladimir Putin’s war in Ukraine even as thousands of Russian troops are pouring back into his country. It’s a risk Ukraine can’t ignore. As many as 9,000 Russian servicemen and almost 170 battle tanks, 200 armored personnel carriers, artillery and aircraft are arriving in Belarus as part of a “joint force” ...

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Italy’s coalition dealt blow after Berlusconi lauds Putin

Bloomberg Giorgia Meloni, the right-wing leader poised to form a new Italian government, said she’d give up on the fledgling coalition if her allies can’t commit to supporting Ukraine along with Italy’s European Union and Nato partners. “I intend to lead a government with a clear and unambiguous foreign policy line. Italy is fully, and proudly, part of Europe and ...

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Lula sees very tight Brazil election as rival surges

  Bloomberg Leftist former president Luiz Inacio Lula da Silva considers that Brazil’s election is “very tight” and will be decided by those who didn’t show up to vote in the first round earlier this month. “A lot of Brazilians have already made up their minds and the number of people we need to convince is growing smaller,” he told ...

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Banks saddled with $30bn in unwanted debt in risk exodus

  Bloomberg The world’s biggest banks have already had to use about $30 billion of their own cash this year to fund loans for acquisitions and buyouts that they weren’t able to offload to investors. The lenders have been forced to fund at least 15 deals in the US and Europe as inflation and risk of a recession evaporates investor ...

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Visa promises more data on pay equity

  Bloomberg Visa Inc’s promise to disclose additional information about what it pays employees has led a prominent activist investor to ditch a planned proxy fight. Arjuna Capital withdrew a shareholder proposal that asked Visa to disclose quantitative data about what it pays employees and how jobs and compensation are distributed by race and gender. Arjuna said it was told ...

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Goldman shakes up leadership ranks in another overhaul

  Bloomberg Goldman Sachs group Inc’s David Solomon is embarking on his third major reorganisation in just four years as chief executive officer, undoing some of the signature moves he made as recently as 2020. The Wall Street giant plans to once again combine its expanded asset management and private wealth businesses into one unit run by Marc Nachmann. Goldman ...

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HK stocks poised for 13-year low as growth concerns weigh

  Bloomberg Hong Kong stocks dropped, putting the benchmark on course for its lowest close since 2009, as Chief Executive John Lee’s maiden policy speech underwhelmed amid ongoing concerns about China’s Covid Zero policy. The Hang Seng Index slid as much as 2.6%, driven by losses in tech shares including Alibaba group Holding Ltd. and Meituan. The measure, down 31% ...

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GoTo in talks with Alibaba, SoftBank for $1b stake sale

Bloomberg Indonesia’s largest tech company GoTo group is in talks with its major owners for a controlled sale of roughly $1 billion of their stakes, aiming to avoid a potential stock crash when a lock-up on their holdings ends next month. The ride-hailing and e-commerce provider is gauging the interest of early backers including Alibaba group Holding Ltd. and SoftBank ...

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Jebel Ali port, Jafza key to boosting India-UAE trade to $100b in 5 years

  Dubai / WAM DP World hosted “The India-UAE Bridge; Dubai – India’s Gateway to the World” along with the Confederation of Indian Industry (CII) for key business leaders in Mumbai to showcase the role of Jebel Ali Port and Free Zone in boosting non-oil trade between the UAE and India to $100 billion over the next five years, complementing ...

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