July, 2020

• 7 July

  India palm oil imports rise to 5-month high

  Bloomberg Palm oil imports by India climbed to a five-month high in June as traders and refiners in the world’s biggest buyer increased purchases to replenish stockpiles. Inbound shipments increased 45.5% from a month earlier to 562,932 tons, the Solvent Extractors’ Association of India said in an emailed statement. Purchases were 686,886 tons in June 2019. A surge in palm ...

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• 7 July

  TikTok pulling out of HK after China law controversy

  

  Bloomberg ByteDance Ltd’s TikTok will pull its viral video app from Hong Kong’s mobile stores in coming days, becoming the first internet service to withdraw after Beijing enacted sweeping powers to crack down on national security threats. That announcement came after internet giants from Facebook Inc to Google and Twitter Inc voiced opposition to national security legislation that grants the ...

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• 7 July

  US visa rules threaten to deport thousands of chinese students

  

  Bloomberg Hundreds of thousands of Chinese students enroll at US colleges and universities each year, and right now, a lot of them are concerned. As schools try to figure out how to start the fall semester amid the coronavirus pandemic, some — including Harvard University and the University of Southern California — are opting for online-only instruction. And that means ...

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• 7 July

  Nigeria summons anti-graft body head

  

  Bloomberg Nigeria’s presidency summoned the head of the nation’s anti-corruption body to discuss the sale of seized assets. Ibrahim Magu, the acting chairman of the Economic and Financial Crimes Commission (EFCC) attended the meeting after receiving an invitation from a presidential panel while en route to another engagement, the anti-corruption agency said in an emailed statement. It denied a report ...

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• 7 July

  US ordered to respond to Roger Stone appeal

  Bloomberg The US government was ordered by a federal appeals court to respond to Republican operative Roger Stone’s request to delay the start of his 40-month prison term as a result of the coronavirus pandemic. The US Court of Appeals in Washington on Tuesday ordered the government to file its response by July 9. Stone had appealed after a trial ...

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• 7 July

  UK chooses fights as it seeks its place in a post-Brexit world

  

  Bloomberg The UK has stepped up its criticism of Beijing and Moscow as it seeks to establish a place for itself in the world after Brexit. China’s ambassador to London warned of “consequences” if Britain treats his country as a “hostile” power in its dealings over Hong Kong and Huawei Technologies Co, while Russian officials topped the list of people ...

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• 7 July

  Bolsonaro tests positive for Covid-19

  

  Bloomberg Brazil President Jair Bolsonaro tested positive for Covid-19 in an escalation of the health crisis that has engulfed Latin America’s largest economy. “I’m perfectly well,” Bolsonaro told CNN Brasil in a live interview, after announcing the result of his test. He added he is taking hydroxichloroquine, an anti-malaria medicine he’s been touting as being effective against the virus though ...

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• 7 July

  Russian space agency adviser to CEO detained

  

  Bloomberg Russian investigators have detained an adviser to the head of the country’s space agency on charges of treason, Roscosmos said on Tuesday. The Federal Security Service said Ivan Safronov was suspected of passing information on arms sales and other defense and security matters to a North American Treaty Organization (NATO) country that it didn’t name, the state-run RIA Novosti ...

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• 7 July

  Europe sees deeper slump in new warning on virus hit

  

  Bloomberg Europe’s economy will suffer more than previously estimated this year and take longer to recover because of a slow easing of coronavirus restrictions, according to the bloc’s executive arm. Officials sent the starkest warning yet about the impact of the pandemic, with the divergences between richer and poorer countries opening up even further than projected two months ago. It ...

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• 7 July

  UK’s support for 12.1m jobs adds to pressure on Sunak

  

  Bloomberg The number of jobs supported by the UK government’s pandemic support exceeds 12 million, highlighting the scale of the task facing Chancellor of the Exchequer Rishi Sunak as he prepares to announce his latest economic strategy on Wednesday. While the rate of increase in the use of the furloughing program and the self-employed plan has slowed since the height ...

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