March, 2021

• 16 March

  UK to expand nuclear arsenal in biggest shift since Cold War

  

  Bloomberg The UK plans to bolster its stockpile of nuclear weapons to counter growing threats around the world, Prime Minister Boris Johnson announced as he unveiled a radical overhaul of defense and foreign policy. Under a blueprint for the next decade, the UK will cut troop numbers, tanks and some fighter jets, according to a person familiar with the matter, ...

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• 16 March

  China warns EU ‘haters’ over human rights sanctions

  

  Bloomberg China warned the European Union (EU) not to interfere in its national security affairs, saying any sanctions over human rights abuses — based on “lies” — could fuel the confrontation. “I am deeply concerned about possible sanctions,” China’s ambassador to the EU, Zhang Ming, said during a European Policy Centre event on Tuesday. “If some insist on confrontation, we ...

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• 16 March

  Russia criticises US for pressing Brazil to reject its vaccine

  

  Bloomberg Russia condemned the US for applying diplomatic pressure on Brazil to reject its Sputnik V Covid-19 vaccine, adding that attempts at political meddling in inoculation campaigns were costing lives. The US Department of Health and Human Services said in its annual report published in January that its Office of Global Affairs sought to persuade Brazil not to allow the ...

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• 16 March

  US-China talks linked to Australia ties

  

  Bloomberg US relations with China won’t improve until Beijing stops its economic coercion against America’s close regional ally, Australia, a senior aide to President Joe Biden told the Age newspaper. The administration has told the Chinese government that the US wasn’t going to leave Australia alone on the field, Kurt Campbell, the National Security Council’s Asia coordinator, said in an ...

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• 16 March

  Malaysia’s Anwar says no more lawmakers will defect

  

  Bloomberg Malaysia’s opposition leader Anwar Ibrahim said no more lawmakers will leave the party for the ruling government, adding that members remain steadfast in the wake of defections. “We are not going to compromise on the values and principles that the party has adopted so far,” he said at a media briefing on Tuesday. “Our party members will remain steadfast ...

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• 16 March

  UK exports to EU tumble as Brexit disruption roils trade

  

  Bloomberg UK trade with the European Union (EU) deteriorated in the first month since the Brexit split, suggesting commercial relations between the two economies will suffer more than the British government advertised. UK goods exports to the EU fall almost 41% in January from a month earlier, while imports from the bloc dropped 29%, data from the Office for National ...

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• 16 March

  Remote work listings in US doubled in year

  

  Bloomberg US job listings that tout working remotely as a perk have more than doubled in the past year, signaling that top companies will keep using the benefit to woo employees even as the pandemic winds down, according to job-search site Indeed. As of February, 6.9% of Indeed job postings cited remote work as an option, compared with 2.9% in ...

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• 16 March

  Nokia to cut 10,000 jobs in latest cash savings plan

  Bloomberg Nokia Oyj plans to cut up to 10,000 jobs in the coming years as the telecommunications equipment maker looks for new ways to save money and stay competitive with rival Ericsson AB. The measures are intended to cut 600 million euros ($715 million) off Nokia’s cost base by the end of 2023, the Finnish company said in a statement ...

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• 16 March

  Blowout jobs report signalling economic resilience in Canada

  

  Bloomberg Canada’s labour market roared back to life in February after authorities began lifting lockdowns, a striking sign of the nation’s economic resilience to the second wave of pandemic. The economy added 259,200 jobs in February, Statistics Canada reported in Ottawa, well ahead of expectations for a 75,000 gain. It’s the first month of gains since November, when a new ...

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• 16 March

  eToro nears $10b merger with Betsy Cohen

  Bloomberg Trading platform eToro, a rival to Robinhood Markets Inc., plans to go public via a merger with a blank-check firm led by serial deal-maker Betsy Cohen, according to people with knowledge of the matter. The deal with FinTech Acquisition Corp. V will value the combined company at about $10 billion, the people said, asking not to be identified. The ...

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