Bloomberg Hong Kong’s leader blasted the US for “double standards” in the way it handles protests after the Trump administration vocally supported sometimes-violent demonstrations in the Asian financial hub. “Look at how the local governments handle chaos in the US and what stance they took on a similar level of chaos in Hong Kong last year,” Chief Executive Carrie Lam ...

Bloomberg The judge overseeing Michael Flynn’s prosecution called the Justice Department’s (DOJ) attempt to drop its case against President Donald Trump’s former national security advisor “unprecedented” and asked a federal appeals court not to short-circuit his inquiry into the government’s actions. US District Judge Emmet Sullivan in Washington said in a court-mandated brief that the unusual developments give him a ...

Bloomberg Tokyo saw a spike in coronavirus cases with 34 new infections confirmed on Tuesday, the most in a single day in more than three weeks, with the local government reportedly planning to issue an alert to residents to exercise extra caution. The step could lead to businesses in the capital again being asked to close their doors if a ...

Bloomberg Boris Johnson plans to re-set his government’s agenda with a major speech and a financial statement to prepare the UK for the new reality after the coronavirus pandemic. Amid forecasts of the worst recession in 300 years, Chancellor of the Exchequer Rishi Sunak is drawing up options to bolster the economy after the government withdraws its vast package of ...

Bloomberg Argentina’s most recent debt restructuring proposal would restore debt sustainability and there’s little room to further increase payments to private creditors, according to the International Monetary Fund (IMF). “There is only limited scope to increase payments to private creditors and still meet the debt and debt service thresholds,” the IMF said in a two-page statement published. “Argentine authorities’ revised ...

Bloomberg Companies in Germany used government support to compensate lost wages for a record 7.3 million employees in May, according to the Ifo Institute. A state scheme designed to prevent widespread dismissals initially saw applications for more than 10 million workers in March and April. As companies fought to survive the economic fallout from the pandemic, 72% of their staff ...

Bloomberg France will push on with tax-cut plans and broad economic overhauls to help the country rebound from a recession that will be deeper than previously anticipated, Finance Minister Bruno Le Maire said. The economy will shrink 11% this year, more than the 8% previously predicted. Le Maire said that means France must continue with emergency support and pro-business reforms, ...

Bloomberg Pandora A/S, which makes more pieces of jewellery than any other company in the world, will stop relying on newly mined gold and silver and instead use only recycled precious metals. The new policy, which takes effect in 2025, will help the Copenhagen-based company beef up its climate credentials and make it a more appealing target for investors eager ...

Bloomberg The number of Spaniards filing for jobless claims rose in May at a much slower pace than the previous two months, a sign that businesses are getting back to work as Spain gradually lifts its strict lockdown measures. Claims rose by 26,573, the Labour Ministry said on Tuesday. But some sectors saw an increase in hiring, including construction, and ...

Bloomberg Stocks rose in Europe and Asia and US equity futures edged higher as investors weighed positive signs on stimulus and the global economy against worsening social unrest in America. Oil advanced. The Stoxx Europe 600 Index opened in the green, with the DAX pacing gains as German Chancellor Angela Merkel seeks to thrash out a deal on a second ...