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Kazakhs elect former ruler’s ally as president amid protests

Bloomberg Kazakhs elected former leader Nursultan Nazarbayev’s favoured successor as president, signalling political continuity in central Asia’s biggest energy producer even as street protests flared and international observers attacked the conduct of the vote. Kassym-Jomart Tokayev won the ballot with 71 percent, defeating six other candidates, according to a central election commission statement broadcast by state TV, which put turnout ...

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EU, Russia back same side between dueling Moldova government

Bloomberg The European Union and Russia have both come out in support of a coalition government in Moldova, long on the fault line between East and West, in a dispute that has left the country of 3.5 million with two presidents and two governments. The pro-Russian Socialist Party of President Igor Dodon made a surprise announcement it was forming a ...

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Hong Kong vows to pursue extradition bill despite protest

Bloomberg Hong Kong’s leader pledged to press ahead with Beijing-backed legislation easing extraditions to China despite one of Hong Kong’s largest protests since the former British colony’s return more than two decades ago. Chief Executive Carrie Lam told reporters that the government “could see people are still concerned about the bill,” which would allow Hong Kong to enter into one-time ...

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Conte warns populists on talks with Brussels

Bloomberg Prime Minister Giuseppe Conte has a message for the quarrelsome populists who’ve run Italy’s coalition government over the last year: keep quiet, and let me do the talking. The government will be done if Italy can’t make a budget compromise with the European Union, Conte told Corriere della Sera. Without a deal, “we all risk to go home. For ...

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UK issues warning of ‘attacks’ in Ghana

Bloomberg Islamist extremists are likely to try to carry out attacks in Ghana as their influence is spreading in West Africa, according to the UK Foreign Office. Groups associated with the regional offshoots of al-Qaeda and IS present a threat and have “demonstrated capability and intent by mounting attacks against security forces and civilians in several countries,” most recently in ...

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Stocks advance, bonds slide following Mexico trade relief

Bloomberg US equity futures advanced on Monday together with stocks in Europe and Asia after President Donald Trump suspended plans for punitive tariffs on Mexican imports. Sovereign bonds fell across the board, along with gold and the yen, as demand for havens ebbed. Stock markets rose in much of Europe, though several exchanges including Germany’s closed for a holiday. Shares ...

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Russia stock market hits highest level since 2014

Bloomberg It has taken five years but Russian stocks have sprung back to levels they traded in 2014 before a meltdown sparked by US sanctions, oil-price collapse and a rocky float of the ruble had erased half of their value. The RTS Index, a dollar-denominated equivalent of the benchmark MOEX Russia Index, rose 0.5 percent on Monday after closing at ...

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Google to acquire Looker for $2.6b to boost cloud offerings

Bloomberg Alphabet Inc.’s Google agreed to buy Looker Data Sciences Inc. for $2.6 billion, expanding its offerings to help customers manage data in the cloud. The acquisition gives Google a new tool in its campaign to sell more cloud storage and software. So far, the company has struggled to compete with larger rivals Amazon.com Inc. and Microsoft Corp. and late ...

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UK factory output falls to 17-year low

Bloomberg UK manufacturing output fell the most in almost 17 years in April as the boost from Brexit stockpiling evaporated and car producers went ahead with planned shutdowns. The 3.9 percent decline, the most since June 2002, saw the economy as a whole shrink for a second straight month, Office for National Statistics figures show. Vehicle production plunged by a ...

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