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Putin meets Assad, tells other forces to leave Syria

Bloomberg Russian President Vladimir Putin hosted his Syrian counterpart Bashar Al Assad in the Kremlin, backing the Syrian leader’s efforts to eliminate the last enclaves of rebels backed by the US and Turkey. Under Western sanctions, Assad has maintained strong ties with Russia, which sent planes and troops to back his government in 2015. The intervention helped turn the tide ...

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Putin self-isolates due to Covid-19 cases among staff

Bloomberg Russian President Vladimir Putin will go into self-isolation after being exposed to several people in his entourage infected with Covid-19, Kremlin spokesman Dmitry Peskov said on Tuesday. The 68-year-old leader is “absolutely healthy” and has tested negative for Covid-19, Peskov told a regular conference call. Putin will avoid in-person meetings for “some time,” he said. Plans to fly to ...

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UK payrolls hit pre-pandemic level with record vacancies

Bloomberg The number of workers on UK company payrolls climbed above its pre-pandemic level as vacancies hit a record high with firms battling staff shortages created by Brexit and lockdowns. The figures from Office for National Statistics (ONS) included a 35% surge in job openings in the quarter to 1.03 million, the first time they’ve risen above 1 million. That ...

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Intuit to acquire Mailchimp for $12b

Bloomberg Intuit Inc, the maker of TurboTax and QuickBooks software, agreed to buy privately held email marketing firm Mailchimp for $12 billion in cash and stock, uniting two providers of services for small businesses. The deal will bolster Intuit’s offerings for businesses looking for ways to reach and serve customers online. Intuit has offered QuickBooks accounting software to clients for ...

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Stocks fluctuate before US CPI as crude oil advances

Bloomberg Stocks and US futures fluctuated ahead of inflation data that could influence expectations about the Federal Reserve’s likely timing for paring stimulus. Treasury yields and the dollar were steady. Basic-resources shares declined in Europe as iron ore dropped for a fifth day, with production curbs in China weighing on demand and investors awaiting industrial and economic data due this ...

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Chinese EV maker once worth more than Ford wipes out $80bn

Bloomberg Evergrande New Energy Vehicle Group Ltd shares plunged anew on Tuesday, extending a decline that has wiped out more than $80 billion in market value from the would-be electric-car maker this year. The Hong Kong-listed company — which at its peak in April was worth more than Ford Motor Co despite not yet having a car on the market ...

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Singapore plans local stocks boost with Temasek fund

Bloomberg Singapore is planning new measures to boost its domestic stock market, according to people with knowledge of matter. State investment giant Temasek Holdings Pte.’s 65 Equity Partners Holdings Pte, with a fund size of at least $745 million, will invest in Singapore and regional mid-cap firms, including initial public offerings, the people said. Temasek and sovereign wealth fund GIC ...

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