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London City Airport reopens as UK eases

Bloomberg London City Airport reopened for passenger flights after a three-month shutdown due to Covid-19, according to a statement by the airport. New safety features include temperature checks, signs and floor markings to help with social distancing and crowd-tracking technology so staff can monitor and direct passengers in large crowds to quieter areas. Passengers are also being asked to wear ...

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Valentino sues to end its Fifth Avenue lease

Bloomberg Luxury fashion retailer Valentino has joined a string of retailers suing their landlords to get out of pricey leases after shoppers vanished in the economic lockdown. The US branch of Valentino SpA filed suit in New York State Supreme Court to force 693 Fifth Owner LLC to let it out of its 15-year Manhattan lease nine years early. It ...

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India seeks Russian missile system after clash with China

Bloomberg India is pushing Russia to speed up the delivery of a missile defense system as ties with China deteriorate following the worst military clash between the Asian nations in four decades. The request comes as China and India’s foreign ministers met on Tuesday in their first face-to-face interaction since a fight along their disputed Himalayan border killed 20 Indian ...

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Republicans urge Trump to keep troops in Germany

Bloomberg Six Republicans on the House Foreign Affairs Committee are urging President Donald Trump to reconsider his plan to cut the number of US troops in Germany, arguing that the move would harm national security and weaken the deterrent to Russia and China. In a letter to the president, the lawmakers said Russian troops invaded Ukraine and annexed the Crimean ...

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S’pore calls for election amid pandemic

Bloomberg Singapore will hold an election on July 10 as PM Lee Hsien Loong seeks a renewed mandate to govern amid the coronavirus pandemic that has pummeled the country’s economy. Lee said on Tuesday that he advised President Halimah Yacob to dissolve parliament and issue the writ of election, setting the stage for the upcoming polls. Candidate nominations will take ...

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Zuma fails in attempts to dodge S African graft case

Bloomberg Former South African President Jacob Zuma, who is facing corruption, racketeering and money-laundering charges dating back to the 1990s, appeared in court after failing in repeated attempts to avoid standing trial. Zuma has argued that the case is politically motivated, but the Supreme Court of Appeal ruled in 2017 that a 2009 decision not to pursue the charges was ...

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Ex-US marine sentenced for spying in Russia won’t appeal

Bloomberg Paul Whelan, a former US marine who was convicted of spying in Moscow last week in a case criticised by Secretary of State Mike Pompeo, won’t appeal his 16-year sentence, the Interfax news service reported Tuesday. Whelan declined to appeal because he has no faith in Russian courts and hopes that a deal is in the works to exchange ...

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Spain weighs major boost to $113bn loan guarantee plan

Bloomberg Spain is weighing plans to significantly increase the size of its 100 billion-euro ($113 billion) loan-guarantee fund after the program attracted huge demand from businesses struggling to weather the coronavirus pandemic, according to people familiar with the matter. Officials are considering pledging as much as 50 billion euros in additional guarantees, one person said. Others said the ultimate size ...

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German economy takes another step on slow path to recovery

Bloomberg German private-sector activity pointed to further signs of a turnaround from the virus slump, with output contracting in June by the least in four months. Both manufacturers and service providers saw a gauge for activity improve, even as production remained in decline overall. That suggests both sectors “were seemingly over the worst, but far from firing on all cylinders,” ...

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