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Airports may be disrupted as union calls walkout in Germany

  Bloomberg Airport services and flights across Germany are likely to be affected on Monday after a union called for an all-day walkout over a pay dispute for security personnel. The Verdi union said it’s calling for protest action at Berlin-Brandenburg Airport by security staff working in passenger screening, and personnel and goods control. The walkout is part of nationwide ...

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US online grocery prices surge 7.6%

  Bloomberg Prices of groceries bought online soared by a record 7.6% last month in the US, according to data compiled by software company Adobe Inc. And that’s even before accounting for the delivery costs. Overall, Adobe’s digital price index rose 3.6% in February from a year earlier, the highest rate in data going back to 2014. Clothing jumped 16.7%, ...

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Russia hits Ukrainian military facility close to Polish border

Bloomberg Russian missiles hit a military training facility in western Ukraine close to the Polish border that had been used regularly by Nato before the invasion. The strike, which comes after Russia warned that convoys of Western military supplies for Ukraine would be considered legitimate targets, raised new concerns about the conflict potentially spilling over Ukraine’s borders. Initial reports suggest ...

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White House reaches out to social-media influencers on Ukraine

Bloomberg White House officials including Press Secretary Jen Psaki briefed about 30 social-media influencers on US policy on Ukraine in an effort to counter Russian propaganda, a spokeswoman said. The creators, who are active mainly on Bytedance Ltd’s TikTok, were given an overview of the latest White House thinking on Ukraine during a video call, with material similar to that ...

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Border talks between India, China end without resolution

  Bloomberg Talks between military commanders of China and India to resolve a two-year-old border dispute — at its worst in four decades — were inconclusive, a joint statement issued by India’s Ministry of Defense said. A quick resolution of the border dispute would help “facilitate progress in bilateral relations,” the two sides said. This round of talks — the ...

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Ramaphosa tightens hold on ruling party

Bloomberg A campaign for South African President Cyril Ramaphosa to retain the leadership of the ruling African National Congress (ANC) when it holds internal elections in December is gathering momentum, with some key party officials throwing their weight behind him. “There is an emerging consensus that the president must get a second term,” Justice and Correctional Services Minister Ronald Lamola, ...

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300,000 people in isolation or quarantine: Hong Kong

Bloomberg About 300,000 people in Hong Kong are currently in isolation or under home quarantine because of Covid, Chief Executive Officer Carrie Lam said at a press conference on Sunday. The city has boosted support for isolated people because of the high numbers and will start sending medical packages to Covid patients from Monday, officials said. The supplies will include ...

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Russia lost access to half its reserves: Siluanov

Bloomberg Russia has already lost access to almost half of its reserves and sees more risks to President Vladimir Putin’s war chest due to increased pressure from the West on China, said Finance Minister Anton Siluanov. “The total volume of our reserves is about $640 billion, and about $300 billion are in such condition that we can’t use them now,” ...

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Deutsche Bank joins peers in winding down Russia business

  Bloomberg Deutsche Bank AG reversed course and is now joining Wall Street banks Goldman Sachs Group Inc. and JPMorgan Chase & Co. in pulling back from business in Russia following the country’s invasion of Ukraine. “Like some international peers and in line with our legal and regulatory obligations, we are in the process of winding down our remaining business ...

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ECB’s Villeroy says caution needed on monetary policy

  Bloomberg European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said uncertainty about the length of the current oil shock and the economic impact of Russia’s invasion of Ukraine mandate a cautious approach to monetary and budgetary policies in Europe. The oil shock “is very strong in its intensity, we don’t know its duration yet,” the Bank ...

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