July, 2021

• 25 July

  Court denies Russia in interim ruling over Ukraine claims

  

  Bloomberg The European Court of Human Rights denied Russia’s request to apply interim measures over alleged violations of human rights conventions by Ukraine, according to the court’s website. Russia demanded the court take measures in accordance with Article 39 of its rules. After the move, the application will be considered at a later date. Russia is seeking to make Ukrainian ...

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• 25 July

  Anti-lockdown protesters attack police in virus-weary Australia

  

  Bloomberg Thousands of anti-lockdown protesters flooded into Australia’s largest cities, some clashing with police, defying stay-at-home orders imposed as the country grapples with resurgent infection rates and a sluggish vaccination program. Some demonstrators in Sydney were seen hurling bottles and plants — torn from the sidewalk — at police officers, while others chanted “Freedom, freedom” as they marched along Broadway ...

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• 25 July

  Venezuela’s opposition is open to new round of political talks with Maduro

  

  Bloomberg Members of Venezuela’s opposition said they are open to a new round of political negotiations with President Nicolas Maduro’s government ahead of upcoming local elections, but cautioned that agreement on the terms of the talks has not been reached. The two sides appeared to be moving closer to planning to hold meetings in Mexico, after Maduro declared the government ...

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• 25 July

  Japan, France to boost defense cooperation

  

  Bloomberg The Japanese and French governments have agreed to “actively” maintain defense cooperation to secure a free and open Indo-Pacific, according to a joint statement following a summit meeting between PM Yoshihide Suga and President Emmanuel Macron. Japan welcomed France’s intention, as presidency of the Council of the European Union in the first half of 2022, to reinforce the group’s ...

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• 25 July

  ECB to lift ban on eurozone banks’ dividends as economy rebounds

  

  Bloomberg The European Central Bank (ECB) said it will lift a cap on how much lenders can return to shareholders with dividends and share buybacks, while urging them to remain cautious given uncertainty in pandemic. The ECB “decided not to extend beyond September 2021 its recommendation that all banks limit dividends,” the central bank said in a statement. “Instead, supervisors ...

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• 25 July

  AmEx revenue surges in Q2 as fight for card customers pays off

  

  Bloomberg The battle to win affluent customers is paying off for American Express Co. The credit-card giant added a record number of new customers to its tony Platinum card in the period. That helped revenue surge 33% to $10.2 billion in second quarter, topping the $9.6 billion average estimate of analysts in a Bloomberg survey. Shares soared to a record. ...

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• 25 July

  Bank of Canada to bring back staff, allow 50% remote work

  

  Bloomberg The Bank of Canada will allow most of its employees to work remotely as much as 50% of the time once public health guidelines allow it to fully reopen its offices. A limited number of staff are currently working in the central bank’s offices in Ottawa. The coronavirus pandemic has eased in Canada, with vaccinations rising and cases dropping, ...

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• 25 July

  Danske CEO points to risks still facing bank

  

  Bloomberg The chief executive of Danske Bank said the lender still faces a number of hurdles, including a sluggish retail business, raising questions about management’s ability to live up to long-term profitability targets. Carsten Egeriis, who became CEO in April after his predecessor stepped down due to a money laundering probe, said Danske is still suffering from “reputational issues,” which ...

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• 25 July

  Tanzania’s central bank says inflation remains low

  

  Bloomberg Tanzania’s central bank said inflation remains low, within its target range of 3% to 5%, despite a recent increase in oil prices, and that the risk to the outlook is moderate. The improving global economy will provide “great impetus” to a recovery in Tanzania, the central bank’s Monetary Policy Committee said in a statement Saturday following its latest meeting. ...

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• 24 July

  India eyes phased roll out of central bank digital currency

  

  Bloomberg The Reserve Bank of India (RBI) is considering a “phased introduction” of a central bank digital currency as it will need legal changes to be made in the nation’s foreign-exchange rules and information-technology laws, Deputy Governor T. Rabi Sankar said. Delivering a speech to outline the RBI’s plans, Sankar said that policymakers were considering running pilot programs for the ...

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