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Why Putin can’t tap fascism’s top resource

  The Bucha atrocities and more recent evidence of torture from the areas near Kharkiv recently retaken by the Ukrainian military create an impression of a Russian genocidal zeal — the kind exhibited by Nazi German troops in the territories they captured or, say, by Italian fascist troops in Ethiopia. Yet Vladimir Putin’s Ukraine adventure is such a flop precisely ...

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Amazon Air cargo flights grow at slowest pace since pandemic

  Bloomberg Amazon.com Inc’s cargo airline is growing at the slowest pace since the start of the pandemic, the latest sign that the e-commerce giant is adjusting to slackening demand. Amazon Air freighters averaged about 194 flights a day during a week earlier this month, up 3.8% from March, according to researchers with DePaul University’s Chaddick Institute for Metropolitan Development. ...

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JD Sports to pay ex-CEO Cowgill $6.3m after exit

  Bloomberg JD Sports Fashion Plc will pay former boss Peter Cowgill at least £5.5 million ($6.3 million) as part of an exit deal after he was ousted in May amid concerns over the company’s governance practices, including a meeting he held in a parking lot with the head of a rival company. As part of the accord Cowgill is ...

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American CEO wants rockets, private jets to help fund FAA

  Bloomberg The air up there is getting crowded — and at least one major airline says other users need to pay their fair share. Companies launching rockets and satellite payloads, along with private jet operators need to pay — or pay more — to fund the nation’s monitoring grid for flights, which is seeing an uptick in airborne vehicles, ...

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Indonesia’s HappyFresh wins funding, revamps board

  Bloomberg HappyFresh has secured funding from investors to resume online grocery operations in Indonesia, staving off a potential cash crunch fomented by the regional economic slowdown. The Instacart-style grocery delivery service said it’s restarting operations in its home market, after a strategic review. It will work with venture debt funds Genesis, Innoven and Mars on restructuring the business, HappyFresh ...

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M&S to spend $17m to help staff in cost-of-living crisis

  Bloomberg Marks & Spencer Group Plc will spend £15 million ($17 million) to support employees struggling with Britain’s spiraling cost of living. The retailer said that it plans to boost hourly wages to at least £10.20 from £10, its second pay rise this year, while providing one-time £250 M&S vouchers to 4,500 workers. Other measures include free meals every ...

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Home Depot workers file union petition

Bloomberg Home Depot Inc employees based in Philadelphia have filed a petition to unionise, according to a National Labor Relations Board filing, a rare move at the home-improvement retailer amid a growing nationwide labor movement. The 274 employees included in the petition work in merchandising, specialty and operations associates, according to the NLRB filing. The petition was originally filed earlier, ...

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Putin mobilises more troops, wields Ukraine nuclear threat

Bloomberg President Vladimir Putin declared a “partial mobilization,” calling up 300,000 reservists, in a major escalation of his flagging invasion of Ukraine, which he portrayed as a fight to the death with the US and its allies. As Russia moves to annex occupied Ukrainian territory, Putin also renewed his warnings of a nuclear threat. “When the territorial integrity of our ...

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Biden, Democrats push ‘dark-money’ disclosure bill

Bloomberg President Joe Biden and congressional Democrats are making a pre-election push for legislation targeting so-called dark money groups, despite the party’s own heavy reliance on these anonymous donors. The legislation, which would require disclosures of large political donations, is almost certain to fail amid strong GOP opposition. But it gives Democrats a chance to make a political point less ...

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Congo’s leader criticises Rwanda over alleged incursions, rebel support

  Bloomberg Democratic Republic of Congo’s President Felix Tshisekedi excoriated Rwanda for alleged incursions by its army and its support for a rebel group in his country’s eastern region in a wide-ranging speech at the United Nations General Assembly. Tshisekedi cited a report by UN experts that accuses Rwanda of backing the M23 rebel group, which occupies a small part ...

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