June, 2020

• 3 June

  Trump’s show of force fizzles in backlash over ‘crackdown’

  

  Bloomberg Donald Trump faced a dwindling set of options to address nationwide unrest, after a backlash erupted over the government’s violent dispersal of peaceful protests outside the White House, plunging the president into more election-year turmoil. For Trump and his conservative backers, his photo op in front of historic St John’s Episcopal Church with Bible in hand was a show ...

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• 3 June

  UK’s Johnson offers 3 million HK residents haven

  

  Bloomberg Prime minister Boris Johnson said he will give as many as three million Hong Kong residents the chance to seek refuge and a new life in the UK. if China presses ahead with plans to impose a new security law on the former British colony. The premier’s intervention marks an escalation in London’s pressure on Beijing over its proposals ...

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• 3 June

  Biden, rescued by black voters, needs to enthuse them

  

  Bloomberg Joe Biden’s political resurrection in the race for the Democratic nomination was due largely to overwhelming support from black voters. Yet racial tensions laid bare by nationwide protests have revealed a problem for Biden in the November election — he doesn’t excite younger black voters who want change, not just a sympathetic ear. Biden’s African-American supporters have been urging ...

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• 3 June

  Mumbai escapes storm with less damage

  

  Bloomberg India’s financial capital escaped the worst as businesses remained unaffected after a severe cyclonic storm weakened following its landfall near Mumbai, a city that’s emerged as the country’s hotspot for the virus outbreak. Cyclone Nisarga crossed the coast near Alibag in neighoring Raigad district with wind speeds as high as 120 kilometres (75 miles) per hour, according to the ...

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• 3 June

  Poland all set to hold presidential election

  

  Bloomberg Poland will hold its presidential election on June 28 after postponing a contested May ballot due to the coronavirus pandemic. The announcement by parliamentary Speaker Elzbieta Witek comes as support for the candidate of the ruling Law & Justice party, incumbent Andrzej Duda, has been declining as the country struggles with the fallout of the virus outbreak and subsequent ...

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• 3 June

  WEF to hold Davos meeting in January

  

  Bloomberg The World Economic Forum (WEF) still plans to hold some form of gathering of business and financial titans in the Swiss town of Davos next January. While similar events have been cancelled due to the coronavirus pandemic, WEF Founder Klaus Schwab said on Wednesday that he intends to host a twin summit, with some delegates in Davos and others ...

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• 3 June

  Europe renews push to slash global tariffs on medical goods

  

  Bloomberg The European Union (EU) is pressing for a global deal to eliminate tariffs on pharmaceuticals and medical supplies in an effort to guard against the kind of supply-chain shock triggered by the coronavirus pandemic. The European Commission, the EU’s executive arm, outlined options for encouraging worldwide commerce in health-care goods in a policy paper due to be discussed by ...

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• 3 June

  UK’s low-paid deserve better deal after virus

  Bloomberg Bolstering wages and working conditions of low-paid workers in Britain should be a priority when the government starts to withdraw the economic support put in place during the coronavirus crisis, according to the Resolution Foundation. Those employees need a post-pandemic settlement giving them better pay and more control, the think tank said in a report published on Wednesday. Low-wage ...

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• 3 June

  Italy’s PM to map out economic revival plan as travel ban ends

  

  Bloomberg Prime Minister Giuseppe Conte will unveil his a plan to rebuild a battered economy on the day Italians end almost three months of lockdown and can travel freely again. The premier will outline his government’s recovery strategy in a speech, Italian media reported, and repeat an appeal to put aside the country’s political divisions. Conte, who heads an unruly ...

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• 3 June

  German joblessness hits four-year high

  Bloomberg German unemployment rose to the highest level since late 2015, underscoring the struggle that even countries with well-established safety nets face in shielding workers from the pandemic-induced crisis. The number of people out of work rose by 238,000 in May, following an even bigger jump the previous month, according to the Federal Labour Agency in Nuremberg. Economists at the ...

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