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May 23, 2020 Aviation
Bloomberg Passengers arriving in the UK will be forced into quarantine for two weeks and face fines of 1,000 pounds ($1,200) if they break the rules. The plan, which will take effect from June 8, is designed to stop travelers bringing coronavirus into the country after becoming infected overseas, and is likely to have a major impact on the aviation ...
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May 23, 2020 Politics, Uncategorized
Bloomberg A senior member of Hong Kong’s delegation to Beijing dismissed speculation that new national security legislation would be used to whisk people over the border, as Chinese authorities sought to assuage global concerns about the measure. Maria Tam, vice chairwoman of the Chinese parliamentary committee that oversees Hong Kong’s law, said in an interview that she didn’t believe the ...
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May 23, 2020 Politics
Bloomberg Trump administration officials discussed whether to conduct the first nuclear test explosion since 1992, the Washington Post reported. A meeting of people representing the top national security agencies discussed the matter, according to the newspaper, which cited an unidentified senior administration employee and two former officials familiar with the deliberations. The matter surfaced after some administration representatives said Russia ...
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May 23, 2020 Politics
Bloomberg The US suspects North Korean leader Kim Jong-un is currently in the wider Pyongyang area, according to a report by South Korean daily DongA Ilbo that cites an unidentified Washington government official. The official told the newspaper that the US identified what it believed was Kim’s train in Kangdong County this week, and his car and horse was also ...
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May 23, 2020 Politics
Bloomberg FBI Director Christopher Wray ordered an internal review of how the bureau handled the investigation of former National Security Adviser Michael Flynn, including any instances of official misconduct. The “after-action review†by the Inspection Division will evaluate the bureau’s role in the Flynn investigation and look into whether any current bureau employees engaged in misconduct, according to a statement ...
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May 23, 2020 Politics
Bloomberg UK government officials defended Boris Johnson’s chief adviser Dominic Cummings, who is facing calls to resign after reports that he broke the UK government’s lockdown rules. Cummings “believes he behaved reasonably and legally,†according to a statement from an unidentified spokesman for 10 Downing Street. He was seen more than 250 miles (400 kilometres) from his London home shortly ...
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May 23, 2020 Politics
Bloomberg Joe Biden said he should not have been “cavalier†about support from African Americans and insisted he does not take black voters for granted after a backlash over his comments earlier in the day that if a voter is still undecided, “you ain’t black.†“I shouldn’t have been such a wise guy,†he said on a call with the ...
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May 23, 2020 International News, Uncategorized
Bloomberg Italy’s record bond sale this week has cast a light on the price tag of the country’s political tension with the European Union (EU). The government’s decision on financing its pandemic costs will saddle taxpayers with 1.6 billion euros ($1.8 billion) of interest expense over the five-year life of the security. That’s 1.5 billion euros more than if Rome ...
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May 23, 2020 International News
Bloomberg Economists at JPMorgan Chase & Co. see the US recovery from the coronavirus pandemic going even more slowly than previously thought, downgrading their forecast for 2021 growth and projecting an unemployment rate of at least 10% through next year’s first quarter. The lockdowns of state economies to combat the spread of the coronavirus will translate into an unprecedented 40% ...
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May 23, 2020 International News, Uncategorized
Bloomberg Argentina will improve the terms of its offer to restructure $65 billion of overseas bonds after the country defaulted on interest payments. Economy Minister Martin Guzman didn’t give any details on his plans in an interview at his office, but said discussions with creditor groups continue. The latest proposals from bondholders have shrunk the gap between the parties’ positions, ...
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