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Two killed as Zambia police break up opposition crowd

Bloomberg Two people died of gunshot wounds after Zambian police were deployed to disperse a crowd that gathered to show their support for the main opposition leader, Hakainde Hichilema, who had presented himself for questioning. A state prosecutor and another person were hit by stray bullets fired by the police during chaos that ensued in the capital, Lusaka, privately owned ...

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France reopens UK border after paralysing busiest port

Bloomberg Vital trade and travel links between the UK and continental Europe slowly reopened after France lifted a blockade at Britain’s busiest port that heightened a sense of economic isolation as the pandemic worsened and a high-stakes political drama unfolded over Brexit. European Union citizens and residents able to show negative Covid-19 tests will be able to travel from the ...

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Trump signals he might not sign US Covid-19 relief bill

Bloomberg President Donald Trump injected confusion into the outlook for Covid-19 relief, demanding changes to the bipartisan legislation approved by Congress. In a surprise video announcement posted on his Twitter account, Trump called the bill a “disgrace” and said it was full of “wasteful and unnecessary” items. He demanded that lawmakers increase stimulus checks due to go out to most ...

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New York luxury real estate could be a bargain in 2021

Bloomberg Judging by the last quarter of 2020, New York’s luxury real estate market should enter 2021 with confidence. Sales of homes that cost more than $4 million were a little above those of the same three months in 2019, says Donna Olshan, president of luxury real estate broker Olshan Realty. “Now, some of that has to do with demand ...

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UK, Canada reach stopgap deal to avoid tariffs

Bloomberg The UK and Canada reached a temporary agreement to prevent tariffs on goods and services between the two countries starting on January 1, when the UK will no longer be covered by Canada’s trade deal with the European Union. In a statement by the Canadian foreign affairs ministry, the governments said they agreed to continue giving each other’s products ...

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US shoppers favour websites over stores ahead of Christmas

Bloomberg American shoppers shunned stores and extended their online binge during the last weekend before Christmas, adding to a package-delivery logjam that’s now reaching a crescendo. There’s “a lot of stuff all hitting at once,” said Craig Johnson, president of Customer Growth Partners. “I think it’s past the time for creative. They have to charge people extra to get it ...

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Rupee, bonds joining stocks rally may add to India’s policy woes

Bloomberg Indian debt and rupee may lure overseas investors in 2021, just like the nation’s equities with one caveat: the central bank will face more challenges in curbing the local currency’s gains against the greenback. Stocks have already attracted the biggest yearly inflows since 2012, adding to the woes for the Reserve Bank of India (RBI) that has been buying ...

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Europe stocks gain with US futures; dollar dips

Bloomberg European stocks rise after trade and transport links between the UK and its neighbours looked set to resume and Brexit negotiators made a final push for a deal. The Stoxx 600 Index rises as France agreed to end a suspension that crippled Britain’s busiest port after a new virus variant sparked more severe lockdowns. The pound advanced as the ...

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UN declares ‘International Day for Human Fraternity’

NEW YORK / WAM The United Nations General Assembly has adopted by consensus a resolution proclaiming February 4 as “International Day for Human Fraternity.” The initiative was introduced by the United Arab Emirates, Bahrain, Egypt and Saudi Arabia, and as a result the international community will observe International Day for Human Fraternity annually beginning in 2021. Prior to the adoption ...

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