Bloomberg The Biden administration announced it would re-impose sanctions against nine Belarusian state-owned enterprises and is developing additional penalties to target officials in the administration of President Alexander Lukashenko over the forced landing of a Ryanair Holdings Plc jetliner and the arrest of a dissident journalist. The administration has also issued a “Do Not Travel” warning to American citizens urging ...

Bloomberg A Hong Kong appeal board endorsed a decision by the city’s police to ban a candlelight vigil for victims of the 1989 Tiananmen Square crackdown. In a hearing, the Appeal Board on Public Meetings and Processions upheld the police decision to prohibit a public meeting and procession on May 30, and the assembly on June 4, according to a ...

Bloomberg The European Union is becoming increasingly frustrated with the UK’s unwillingness to meet its obligations on Northern Ireland and has set its sights on a proposed meeting in the week of June 7 to settle differences, Commission Vice President Maros Sefcovic told the Financial Times. Sefcovic said that he wants both sides to agree on a joint “road map” ...

Bloomberg Military Vice President Assimi Goita was appointed president of Mali’s interim government despite widespread calls for a return to civilian rule. Goita will resume the functions of president for the duration of the transition period and until elections are held, the Constitutional Court said in a statement. The decision came ahead of a high-level meeting of West African heads ...

Bloomberg The Philippines protested China’s “incessant deployment, prolonged presence and illegal activities” around Thitu Island in the South China Sea, the latest manifestation of lingering tensions between the nations. The Southeast Asian country is demanding China withdraw maritime assets and fishing vessels, the Department of Foreign Affairs said in a Twitter post. The island it refers to as Pag-asa “is ...

Bloomberg The euro’s charge towards a three-year high is stumbling as the European Central Bank quashes expectations that it’s anywhere near paring back emergency stimulus. The ECB is increasingly expected by economists and investors to extend its elevated pace of emergency bond-buying at a June meeting, even as the continent’s vaccination program surges forward and economy rebounds. That’s putting a ...

Bloomberg Canada’s biggest banks are signaling that financial issues from the Covid-19 crisis are largely in the rear-view mirror in North America — and earlier than analysts had expected. After a year of stockpiling record amounts of capital to protect against a wave of loan defaults, Royal Bank of Canada and Toronto-Dominion Bank — the country’s two largest banks — ...

Bloomberg The Swedish central bank will by law have to identify threats against sustainable development and consider issues such as employment when it conducts policy, according to a government proposal. Climate change could become a long term threat “to economic development broadly, as well as stability in the financial system,” according to the proposal for a new Riksbank Act, which ...

Bloomberg Morgan Stanley moved closer to take full control of its securities and fund management ventures in China as it ramped up investments in the world’s second-largest economy. The US bank is buying an additional 39% of the securities joint venture for 569.6 million yuan ($89.5 million), according to an exchange filing from Shanghai Chinafortune Co, the parent company of ...

Bloomberg Bank of America Corp (BofA) plans to bring top New York managers back to the office starting June 1, as the proliferation of vaccines across the US clears the way for employees to return. “Our goal is by after Labour Day to effectively be back to where we were in January of 2020,” CEO Brian Moynihan said while testifying ...