June, 2021

• 1 June

  Retailers look for back-to-school season boost in US 

  

  Bloomberg The back-to-school season has always been important for US retailers, and this year’s is likely to be a doozy. Consumer wallets fat with stimulus checks helped Walmart Inc and Target Corp blow past sales estimates in the first quarter, but those funds will dry up at some point. Stepping into the fold, analysts expect an unprecedented shopping season as ...

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• 1 June

  Ulta Beauty shares rise in first-quarter

  Bloomberg Ulta Beauty Inc reported first-quarter comparable sales that beat expectations, showing that makeup usage is making a recovery. Comparable sales, a key metric for retailers, rose 66% for the quarter — above the 39% average analyst estimate compiled by Bloomberg. The beauty retailer raised its outlook for 2021, with net sales now seen in a range of $7.7 billion ...

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• 1 June

  US allies urge China to allow ‘unfettered access’ to Xinjiang

  

  Bloomberg The leaders of Australia and New Zealand have urged China to give outside observers “unfettered access” to Xinjiang, a move that is likely to draw criticism from Beijing. Australian Prime Minister Scott Morrison and New Zealand’s Jacinda Ardern “expressed grave concerns about the human rights situation” in China’s far western region and said the United Nations and others should ...

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• 1 June

  Biden to tell Putin US won’t ‘stand by’ on human rights abuses

  

  Bloomberg President Joe Biden said the US will stand up for human rights and pledged to raise the matter during his meeting with Russian President Vladimir Putin next month. “I’ll be meeting with President Putin in a couple of weeks in Geneva, making it clear that we will not, we will not stand by and let him abuse those rights,” ...

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• 1 June

  Mali suspended from West African regional bloc over coup

  

  Bloomberg West African leaders suspended Mali from a regional bloc after military officers wrested control of the country’s government, the second coup in the West African country in nine months. The suspension will remain in force until the nation returns to constitutional rule, Ghana’s Minister of Foreign Affairs Shirley Ayorkor Botchway told reporters in the capital, Accra, following an emergency ...

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• 1 June

  Duterte gets party’s push to stay in power

  

  Bloomberg Philippine President Rodrigo Duterte’s political party has urged him to run for vice president in the 2022 elections, charting a possible path for him to stay in a top government post after his term ends next year. Duterte’s political party PDP-Laban passed a resolution that also urges him to choose a presidential candidate, according to the group’s live-streamed assembly. ...

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• 1 June

  Colombia steps up troop presence after 14 killed

  Bloomberg Colombia President Ivan Duque deployed more troops to the city of Cali and the surrounding region after violent clashes that have left at least 14 dead since Friday. More than 1,100 soldiers arrived to ensure the security and mobility of the population, according to a presidential statement. The government added 25 military patrols in areas of the country’s third-largest ...

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• 1 June

  France ready to start cutting back crisis aid, says Borne

  

  Bloomberg France is ready to start reducing financial support to businesses and workers hit by coronavirus restrictions as its vaccination program offers a route out of the crisis, Labour Minister Elisabeth Borne said. The government has spent more than 40 billion euros ($48.8 billion) in 2020 and 2021 to protect employment, benefiting 2.7 million people on furloughs last month, up ...

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• 1 June

  Sunak wants Biden to support tax on tech companies

  

  Bloomberg UK Chancellor of the Exchequer Rishi Sunak wants the US government to sign up to a global tax on technology companies such as Google and Facebook Inc, he said in an interview with the Mail. He urged President Joe Biden’s administration to discuss the new tax in time for Group of Seven meetings next month. The US has indicated ...

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• 1 June

  OECD says global tax deal may not come until October

  

  Bloomberg A full global deal to overhaul taxation rules and make multinationals pay more in countries where they operate may not be achieved until October, the chief of the Organisation for Economic Cooperation and Development (OECD) said on Monday. Speaking in Paris, Angel Gurria said a “180-degree change in the position of the US” has accelerated the talks, making an ...

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