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Bloomberg Bill and Melinda Gates, co-founders of the world’s biggest private foundation, said fighting climate change and promoting gender equality will be prominent issues in their philanthropy going forward. In a letter marking the 20th anniversary of the foundation’s inception, the couple said that climate has emerged as a key issue for the Microsoft Corp co-founder, while gender equality has ...
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February, 2020
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10 February
Merkel’s succession collapses, blows open race to run Germany
Bloomberg The race to lead Germany was thrown wide open on Monday when Annegret Kramp-Karrenbauer announced that she will step down as leader of Angela Merkel’s Christian Democratic Union (CDU) and won’t run as the party’s candidate for chancellor in the next election. Kramp-Karrenbauer, widely known by her initials AKK, has struggled to stamp her authority on the party since ...
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10 February
Japanese cruise ship reported to have 60 more virus infections
Bloomberg A cruise ship in Japan was reported to have about 60 more coronavirus infections, adding to the 70 already confirmed, according to TBS. The global death toll from the coronavirus outbreak reached 910, as the World Health Organization’s chief voiced concern over the spread of the disease from people with no travel history to China. Coronavirus cases traced to ...
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10 February
Scotland leader warns Johnson he ‘can’t deny democracy’
Bloomberg Scottish first minister Nicola Sturgeon vowed to maintain pressure on the UK for another referendum on independence and said the standoff with PM Boris Johnson over the issue is just a “phony battle.†In an interview with Bloomberg Television in Brussels on Monday, she also repeated the possibility of asking the courts to decide whether the Scottish Parliament already ...
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10 February
US charges China military officers over hack
Bloomberg The Department of Justice announced charges on Monday against four members of China’s People’s Liberation Army (PLA) for the 2017 hack of Equifax Inc, according to US Attorney General William Barr. Barr said the charges stem from “breaking into the computer systems†of the credit-reporting company and stealing intellectual property and sensitive personal information at a unprecedented scale. At ...
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10 February
Giuliani giving Ukraine data to DOJ, says Barr
Bloomberg Attorney General William Barr acknowledged for the first time on Monday that President Donald Trump’s personal lawyer, Rudy Giuliani, has been giving the Justice Department (DOJ) information he collected in Ukraine, bringing what was a stealth campaign into official government channels. Barr said, however, that information coming from Ukraine must be carefully vetted to ensure it is accurate and ...
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10 February
China’s hurting banks brace for worst-case economic scenario
Bloomberg Just as it looked like Beijing was starting to get a handle on its regional banking crisis, a much more severe threat is engulfing the world’s largest banking system as a deadly new virus hits the country’s economy. The impact of the spreading coronavirus risks bringing to life the worst-case economic scenarios contained in China’s annual banking stress tests. ...
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10 February
Discontent among HSBC staff ahead of business review
Bloomberg A survey of HSBC Holdings Plc’s 237,000 staff has highlighted falling morale as employees brace themselves for job cuts in a strategy review due later this month. At HSBC’s European arm, confidence in the direction of the bank dropped 21 points in the second half of 2019 compared to the first half, according to an internal document seen by ...
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10 February
Italian banking mergers nowhere in sight
Bloomberg Consolidation in Italy’s banking industry will probably be postponed — again. Potential tie-ups were high on the agenda of the bankers who gathered in the northern town of Brescia for the Assiom Forex conference, but no one seemed ready to take the first step. The current regulatory framework and Italy’s poor economic prospects will probably delay deals that analysts ...
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10 February
Deutsche Bank seeks 50% haircut on India firm’s debt
Bloomberg Deutsche Bank AG and SSG Capital Management have made a joint bid for an Indian power producer’s debt of 60 billion rupees ($842 million), according to a person familiar with the matter. The consortium has submitted a binding bid of about 31 billion rupees for the delinquent debt of Chennai-based Coastal Energen Pvt, the person said, asking not to ...
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