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Men’s suits no longer suitable for measuring UK inflation

  Bloomberg It has survived 150 years of changing fashion, seen off the hippies and spared many men the dilemma of deciding what to wear, but the pandemic proved the final nail in the coffin. The men’s suit has officially been retired from the male wardrobe. That’s the sartorial verdict of the UK Office for National Statistics (ONS), which has ...

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Russia sought China military aid for Ukraine war, says US

Bloomberg US officials say Russia has asked China for military assistance for its war in Ukraine, a sign that the Biden administration is increasingly concerned about the role Vladimir Putin’s most powerful diplomatic partner could play in the conflict. A US official, speaking on condition of anonymity to discuss delicate matters, did not specify what kind of equipment Moscow had ...

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Police move to clear Russian billionaire’s occupied mansion

Bloomberg A London mansion owned by members of Russian billionaire Oleg Deripaska’s family has been occupied by protesters opposing the invasion of Ukraine, sparking a confrontation with police. The group made their way into the home on Belgrave Square — one of the city’s most affluent districts, according to a member of the group, who declined to give his name. ...

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Strong quake of 6.7-magnitude strikes Indonesia’s Sumatra

  JAKARTA / WAM A strong quake struck off the west coast of Indonesia’s Sumatra island early on Monday, sending residents fleeing from their homes, but no damage or victims were reported immediately. The shallow 6.7-magnitude earthquake hit at 4:06 am at a depth of 21 kilometres, with its epicentre 167 kilometres west of the coastal city of Pariaman, the ...

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North Korea may test ICBM this week, Yonhap says

Bloomberg North Korea could launch an ICBM as soon as this week, the Yonhap News Agency reported, in what would be its most serious provocation in five years as South Korea undergoes a presidential transition and the world focuses on Russia’s invasion of Ukraine. South Korea and the US have detected signs of an imminent test of an intercontinental ballistic ...

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Hong Kong can’t impose snap lockdown: Lam

Bloomberg Hong Kong doesn’t have the infrastructure to roll out a lockdown and compulsory testing as swiftly as mainland China, according to Chief Executive Carrie Lam, whose announcement of a now-delayed city-wide test sparked chaos and confusion in the financial hub. The 17.5 million residents of the southern Chinese technology hub of Shenzhen were told that they’d go into a ...

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Chinese Navy ship sailed within archipelago: Manila

  Bloomberg The Philippines said a Chinese Navy ship entered waters within the archipelago without permission earlier this year, potentially expanding a territorial dispute beyond the South China Sea. The ship lingered in the Sulu Sea, which is surrounded by undisputed territory in the Philippine archipelago, for three days from late-January to early-February despite being challenged by a Philippine Navy ...

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Italy will need to borrow more to face crisis, says minister

  Bloomberg Italy’s government will have to plan for additional borrowing this year to protect businesses and families from the fallout of Russia’s invasion of Ukraine, Agriculture Minister Stefano Patuanelli said. “I think extra deficit spending today is more than justified and I believe it is necessary,” Patuanelli said in an interview on Radio 24. He added that the Cabinet ...

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EU considers Russia export ban on cars worth $54,760

  Bloomberg The EU is discussing a ban on exports of luxury vehicles worth more than 50,000 euros ($54,760) to Russia as part of its latest sanctions package, according to two diplomats familiar with the plan. The proposed ban, which is set to be approved and could still change, would apply to models from several European car brands. , including ...

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