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Pelosi calls for probe of riot as partisan bitterness simmers

Bloomberg House Speaker Nancy Pelosi’s call for an independent commission to investigate last month’s Capitol insurrection has some bipartisan support, yet the effort risks getting tangled in the bitter aftermath of former President Donald Trump’s impeachment over the deadly assault. Pelosi said the commission would be modelled on the widely praised panel that probed the origins of the September 11, ...

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Japan protests over China ships off disputed islands

Bloomberg Japan’s top government spokesman said it was “unacceptable” that Chinese coastguard vessels had approached Japanese trawlers near disputed islands for two straight days this week, in a sign of rising tension between the neighbours. Chief Cabinet Secretary Katsunobu Kato told a news conference that Japan had protested incidents that took place in what the country sees as its territorial ...

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Thai PM faces no-confidence vote as protests loom

Bloomberg Thai Prime Minister Prayuth Chan-Ocha is set to face a no-confidence vote this week as opposition lawmakers target his government for its alleged mismanagement of the Covid-19 outbreak amid a renewed push by pro-democracy activists for the premier’s ouster and monarchy reforms. The opposition began grilling Prayuth and nine of his cabinet members as a four-day debate got underway ...

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China criticises Canada megaphone diplomacy

Bloomberg Beijing expressed “strong dissatisfaction” after 58 governments signed a declaration against detaining each-others’ citizens for geopolitical leverage, a move seen as targeting countries like Iran and China. “The Canadian side’s attempt to pressure China by using ‘Megaphone Diplomacy’ or ganging up is totally futile and will only head towards a dead end,” a spokesperson at the Chinese embassy in ...

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Colombia recovers faster-than-expected from worst-ever slump

Bloomberg Colombia’s economy grew faster than expected at the end of 2020 as a rebound in consumer spending led the recovery from the worst slump in the nation’s history. The economy expanded 6% in last three months of the year compared to the previous quarter, beating the median forecast of 5.7% growth from analysts surveyed by Bloomberg. The recovery was ...

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France expects EU backing for corporate recovery plan

Bloomberg France is optimistic that the European Commission will sign off within days on an innovative plan for helping companies through the post-pandemic recovery, according to a finance ministry official, who asked not to be identified. The French government has proposed a program to partially guarantee billions of euros of so-called participatory loans to improve corporate balance sheets and encourage ...

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Europe auto sales resume steep decline

Bloomberg Passenger-car sales in Europe’s five biggest markets tumbled by more than a quarter last month after lockdowns to combat the pandemic shuttered dealerships and consumers shied away from large purchases. Registrations fall 28% across Germany, the UK, France, Italy and Spain in January from the year-earlier period, according to Bloomberg Intelligence analyst Michael Dean. With lockdowns still in effect ...

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US energy crisis deepens with nearly 5mn in dark

Bloomberg The energy crisis crippling Texas’s power system continued to spread, with nearly 5 million people across the US plunged into darkness as authorities fought to avoid a total collapse of the grid. Homes and businesses from North Dakota to Texas are losing power in the middle of an unprecedented deep freeze that has broken daily temperature records in hundreds ...

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Global stocks set for longest winning streak in 17 years

Bloomberg Global stocks are in the midst of the longest run of gains in 17 years as optimism over the economic recovery sweeps across markets. The MSCI benchmark for emerging and developed market stocks has risen for 12 straight sessions, while US equities were set to open higher after a public holiday. In Japan, the Nikkei 225 Stock Average extended ...

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