Bloomberg The European Union will snub a request by Russian Foreign Minister Sergei Lavrov for the bloc’s member countries to respond individually to Moscow’s demands on the region’s security framework. Josep Borrell, the bloc’s foreign policy chief, will respond on behalf of the 27 EU members, according to a draft of the letter seen by Bloomberg. The EU response ...

  Bloomberg Senate Republican leader Mitch McConnell expressed skepticism about the effectiveness a sanctions bill would have in swaying Russian President Vladimir Putin’s decisions on Ukraine. “I don’t think Putin will be deterred by any piece of legislation in the Senate,” he said. McConnell said the Nord Stream 2 pipeline should be blocked now and that President Joe Biden already ...

  Bloomberg A US-led group of democracies condemned China for “suppression” of Hong Kong’s press freedoms in a statement that was “firmly rejected” by China, highlighting lingering tensions over human rights. Calling themselves the Media Freedom Coalition, 21 countries including the US, UK, Australia, Germany, Canada and Japan said in a statement released by the State Department that they “express ...

  Bloomberg Boris Johnson’s premiership is past the point of no return and he should resign, a hedge fund manager who has given the UK’s ruling Conservative Party more than three million pounds ($4 million) told the BBC. If “you lose moral authority” and “betray a sense of not really caring, I think you should leave,” John Armitage, co-founder of ...

  Bloomberg Prime Minister Justin Trudeau took a hard line against trucker protests that have paralyzed Canada’s capital city and have now halted commercial traffic to the US at the busiest border crossing between the two countries. The Ambassador Bridge that connects Windsor, Ontario, with Detroit was shut down in both directions, according to a Canadian government website and the ...

  Bloomberg French President Emmanuel Macron’s price caps to stop a cost-of-living crisis colliding with April’s elections will slow inflation by about one percentage point at the start of 2022, according to Insee. The government has earmarked 15.5 billion euros ($17.7 billion) to curb the impact of inflation for households, most of which for mechanisms to limit the effect of ...

  Bloomberg GlaxoSmithKline Plc expects profit to rise this year as the UK drugmaker prepares to spin off its consumer-health business, its biggest shake-up in more than two decades. Earnings for the pharma and vaccines businesses are expected to rise 12% to 14% in 2022 on an adjusted basis, Glaxo said on Wednesday. The shares rose as much as 1.4% ...

  Bloomberg The trade of molluscan shellfish between the European Union and the US is set to resume following a 10-year break after the two sides resolved regulatory disputes. Sales of mussels, clams, oysters and scallops will resume at the end of this month, the European Commission said after it adopted legislation to that effect. Two EU member states, Spain ...

  Bloomberg AP Moller-Maersk agreed to buy Pilot Freight Services LLC for $1.68 billion, shoring up its road-transport business while signaling an unprecedented boom in container shipping may be starting to fade. The deal announced on Wednesday coincides with a 2022 profit forecast that falls well below analysts’ estimates. Maersk said it expected a strong first half before a “normalisation ...

  Bloomberg Alphabet Inc’s Google is being sued by Nordic price comparison provider PriceRunner AB for about $2.4 billion at Stockholm’s patent and market court. The lawsuit follows the conclusion of a legal ruling in the European Union that established Google has breached antitrust laws by manipulating search results in favour of its own comparison-shopping services, PriceRunner said. “This is ...