July, 2020

• 6 July

  India, China officials say troops disengaging at tense border

  

  Bloomberg Indian and Chinese officials say soldiers from both sides have begun falling back along their contested Himalayan border that last month saw the worst flare up of violence in four decades. The People’s Liberation Army was seen removing tents and structures in the border area, following the last meeting between the senior commanders of both nations, an Indian government ...

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• 6 July

  China may block Hong Kongers leaving for UK

  

  Bloomberg China refused to rule out blocking Hong Kong citizens from leaving to take up Boris Johnson’s offer of a new home in the UK, criticising the British government for “gross interference” in Beijing’s affairs. “We have to wait and see,” Liu Xiaoming, China’s ambassador in London, told reporters on a video conference call. “We have to decide our counter-measures ...

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• 6 July

  Beijing arrests top Xi critic, plans crackdown

  Bloomberg Beijing police arrested an outspoken critic of Chinese President Xi Jinping morning as his administration took steps to crack down on potential threats to the Communist Party stemming from the economic fallout of the pandemic. Xu Zhangrun, a law professor at Tsinghua University, was taken away by police from his house at a Beijing suburb, according to his friend, ...

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• 6 July

  Biden camp sees ‘desperation’ in Trump’s attacks

  

  Bloomberg President Donald Trump has cycled through a string of attacks against Joe Biden but as he and allies seek to tie the Democratic nominee to the “radical left,” Biden’s campaign warned on Monday that the new message will fall short. Trump used two weekend speeches to vow to defeat Democrats and the “radical left,” linking the party to protesters ...

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• 6 July

  Dominican voters oust ruling party

  

  Bloomberg Voters in the Dominican Republic ousted the party that has dominated the country for two decades as Latin America continues to vote out incumbents. Opposition leader Luis Abinader will be sworn in as president of the Caribbean’s largest economy next month after winning in the first round and avoiding a runoff. With 83% of polling stations reporting, Abinader of ...

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• 6 July

  EU officials to talk with Gilead on Covid-19 drug

  

  Bloomberg European Union officials were expected to talk with Gilead Sciences Inc executives on Monday to hammer out a deal to secure its antiviral drug remdesivir to combat the coronavirus, according to a person familiar with the matter. Health Commissioner Stella Kyriakides was expected to speak with Gilead about purchasing the drug on behalf of 16 EU members, including Germany, ...

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• 6 July

  Second-wave risk makes EU relief fund crucial: Slovenia

  

  Bloomberg The risk of a second wave of the coronavirus hitting the European Union makes the speedy approval of the bloc’s 750 billion-euro ($844 billion) relief fund crucial to an economic rebound, Slovenia’s finance minister said. The impact of Covid-19 and the subsequent lockdowns that have sent the EU spiralling into its worst recession in decades will persist into 2021, ...

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• 6 July

  UK to start Huawei 5G phase-out as soon as this year

  

  Bloomberg Prime Minister Boris Johnson is preparing to begin phasing out the use of Huawei Technologies Co. equipment in the UK’s 5G telecommunications networks as soon as this year, reports said. A report from the National Cybersecurity Centre concluded that new US sanctions mean Huawei will have to use untrusted technology, making security risks impossible to control, according to the ...

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• 6 July

  German factory orders rise in May after huge declines

  Bloomberg German factory orders rose less than expected in May even after authorities loosened the coronavirus lockdown, highlighting how difficult it will be to repair the pandemic’s damage. Orders rose 10.4% in May, following a cumulative slump of more than 37% in previous two months. The economy ministry said that while Germany’s industrial recession passed the trough, “the low level ...

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• 6 July

  European consumers get spending again with government support

  

  Bloomberg European consumers are heading back to shops and restaurants with their pockets full of cash because of government support through the coronavirus pandemic. In the euro area, many people have more savings now than before the crisis hit, according to Bloomberg Economics. In the UK, where eateries reopened at the weekend, consumption may exceed expectations. The upshot is that ...

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