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  Bloomberg China’s Silk Road Fund signed a deal with Indonesia’s wealth fund to make joint investments that strengthen economic links between the two countries. China’s state-owned investment fund plans to invest up to 20 billion yuan ($3 billion) or the equivalent amount under the framework agreement, said President Yanzhi Wang in a joint statement. The Indonesia Investment Authority, or ...

  Bloomberg Bankrupt Sri Lanka is offering a guaranteed fuel quota to any company that can pay in dollars. Potential purchasers must pay as much as a month in advance to open a consumer account at state-run Ceylon Petroleum Corp, Energy Minister Kanchana Wijesekera tweeted. Fuel will be issued on a daily or weekly basis from July 12, according to ...

  Bloomberg Indonesia will ask people to show proof of a third Covid-19 vaccine shot to access crowded areas as the government banks on inoculation to manage an increase in cases. The government seeks to encourage people to get their booster shots, said Health Minister Budi Gunadi Sadikin in a briefing. Previously, limiting entry to shopping malls and public areas ...

Bloomberg China’s household spending may rebound in the second half of 2022, increasing 4.5% from a year earlier as Covid restrictions ease and the economy begins to recover, according to Goldman Sachs Group Inc economists. That expansion would follow a gloomy second quarter, with Goldman forecasting spending in the April-to-June period likely contracted 1.5%, largely because of slower growth in ...

Bloomberg The US ambassador to China called on the Foreign Ministry in Beijing to stop spreading Russia’s “lies,” in an unusually direct and public rebuke by the top American diplomat in the country. Ambassador Nicholas Burns made the “request” in response to a question at a government-backed forum Monday about what China could do to resolve the crisis over Russia’s ...

  Bloomberg The British Army’s Twitter and YouTube accounts have been hacked, according to a statement from an Army spokesperson. A series of posts promoting non-fungible tokens were retweeted on the Army’s account on Sunday. Its YouTube account has been renamed “Ark Invest” and features several videos from a panel hosted by Ark Investment Management LLC last year on Bitcoin. ...

  Bloomberg A Chinese-Canadian tycoon who was seized at a Hong Kong hotel five years ago and has lost much of his business empire to the Chinese government is going on trial on Monday. The Canadian embassy in Beijing said in a statement that it was aware Xiao Jianhua’s trial would take place. “Canadian consular officials are monitoring this case ...

Bloomberg Boris Johnson is under pressure to explain what he knew and when after a string of allegations surfaced over the weekend about the past sexual behavior of Chris Pincher, the Conservative MP who quit last week as one of the prime minister’s enforcers, citing his own drunken behavior. The UK prime minister suspended Pincher from the Conservative Party, almost ...

Bloomberg Japan’s ruling coalition parties are set to win a majority in a July 10 election for the upper house of parliament, with the main opposition party failing to pick up support from voters worried about rising prices, a major poll showed. Prime Minister Fumio Kishida’s Liberal Democratic Party and its junior partner Komeito are together likely to secure 65-80 ...

  Bloomberg French President Emmanuel Macron shuffled his cabinet after losing his outright majority in parliament last month but made few changes, in a sign that he’s failed to convince major opposition figures to join his coalition. The 44-year-old centrist is keeping Finance Minister Bruno Le Maire, Interior Minister Gerald Darmanin and Foreign Affairs Minister Catherine Colonna in their posts. ...