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Amazon to open clothing store this year

  Bloomberg Amazon.com Inc. said it plans to open a clothing store called Amazon Style this year in the Los Angeles area, the company’s latest foray into physical retail. The boutique will use artificial intelligence to recommend purchases as customers shop and carry a selection of women’s and men’s apparel, shoes and accessories, the company said. Using an app, shoppers ...

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Russia fires back after UK alleges anti-Ukraine plot

  Bloomberg Russia hit back on Sunday after the UK alleged that Moscow is plotting to install a pro-Russian leader in Kyiv, with the West continuing to warn that Moscow could yet invade Ukraine. The assertions, offered without a timeline on the intelligence, were contained in a UK Foreign Office statement. The UK claim is “evidence” that Nato countries, not ...

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German navy head quits after favorable Russia remarks cause spat

  Bloomberg Germany’s top naval officer resigned after comments he made about Russia, including a call to show respect toward President Vladimir Putin, caused a diplomatic incident. Ukraine summoned the German ambassador in Kyiv earlier Saturday to protest the remarks by Navy Inspector Kay-Achim Schoenbach, who also said Crimea would never return to Ukraine after its annexation by Russia in ...

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Italy’s Berlusconi abandons presidency contest

  Bloomberg Media mogul Silvio Berlusconi pulled out of the running for Italy’s presidency shortly before voting starts, strengthening the prospect that Prime Minister Mario Draghi could be elected as head of state. Italy’s longest-serving postwar premier, Berlusconi, 85, announced his decision in a statement as his Forza Italia party held a virtual meeting with fellow leaders of the center-right ...

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Senegal votes in local elections seen as key test for president

  Bloomberg Senegal holds municipal elections that will serve as a gauge of support for President Macky Sall and his ruling coalition. The Benno Bokk Yakaar coalition, which comprises Sall’s Alliance for the Republic, the Socialist Party and the Alliance of Forces for Progress, currently holds most of the 552 municipal seats and 125 of the 160 seats in parliament. ...

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‘Lethal’ US military aid begins arriving in Ukraine

  Bloomberg US military aid to help Ukraine defend against a possible invasion by Russia began arriving, according to the American Embassy in Kyiv. The embassy, in a Twitter post, said the material “includes close to 200,000 pounds of lethal aid, including ammunition for the front line defenders of Ukraine.” “The shipment – and $2.7 billion USD since 2014 – ...

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Sleepy truckers get forgotten in supply crisis choking economy

  Bloomberg President Joe Biden’s sweeping infrastructure law was supposed to ease problems for the trucking industry and relieve supply chain woes, but the law overlooked a vital necessity for truckers: Parking. Overcrowded truck stops force drivers to often spend hours scavenging for parking wherever they can find it, even in illegal and unsafe spots. The problem has simmered for ...

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Vodafone in talks with Iliad to merge Italy units

  Bloomberg Vodafone Group Plc and Iliad SA are discussing a deal that would merge their businesses in Italy, Reuters reported, citing people familiar with the situation that it didn’t identify. The combination would create a business with revenue of almost six billion euros ($6.8 billion). Iliad, which is set to start fixed-line broadband operations in Italy next week, is ...

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UK jobs market improves with jump in employment

  Bloomberg Britain’s labour market grew strongly despite a surge in coronavirus infections late last year, with vacancies hitting a record 1.25 million in the fourth quarter and unemployment falling unexpectedly. The number of people on company payrolls rose 184,000 in December, stronger than the pace expected, the Office for National Statistics data. The jobless rate dropped to 4.1% in ...

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Germany needs immigration of 400,000 workers per year

  Bloomberg Germany needs to attract about 400,000 foreign workers per year to mitigate the economic impact of its aging society, according to the caucus leader of the country’s FDP party. “The shortage of skilled workers is now so serious that it is dramatically slowing down our economy,” Christian Duerr said in an interview with WirtschaftsWoche. “We can only get ...

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