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  Bloomberg The US sought to bolster its support in Asia by reassuring nations they don’t need to join a coalition against China, drawing a stark contrast with Beijing’s threats to defend its interests with military force. Defense Secretary Lloyd Austin told Asia’s biggest security forum that the US was taking “wise counsel” from smaller countries, saying they should be ...

  Bloomberg China’s assertions that the Taiwan Strait doesn’t qualify as international waters raises tensions over the nautical flash point, through which US warships transit in a symbolic challenge to Beijing’s territorial claims over the democratically governed island. While it’s unclear what Beijing means by “international waters,” the language may be intended to deter the US from sailing through the ...

Bloomberg Brazil President Jair Bolsonaro denied having requested his US counterpart Joe Biden for help in his re-election bid during a private meeting they had on the sidelines of a regional summit last week. “There’s no such a thing,” Bolsonaro told a local radio on Monday when asked whether he had asked for Biden’s help. “It’s speculation; we talked about ...

  Bloomberg Boris Johnson risks reopening divisions that tore his Conservative Party apart in 2019, with his government set to propose a law that would let UK ministers override parts of the Brexit deal he signed with the European Union. Northern Ireland Secretary Brandon Lewis confirmed the legislation will be presented to Parliament. That was meant to happen, but last-minute ...

  Bloomberg France’s financial sector is now the most popular destination in Europe for US backers, helping the country narrow the gap with the UK for foreign direct investment (FDI) in the industry. The country recorded a total of 60 FDI projects in finance last year — its highest in a decade, according to a survey by the professional services ...

  Bloomberg It’s been seven months since a consumer-facing firm last listed in London, and offerings look scarce for the rest of the year as a cost-of-living crisis rips through people’s wallets. Rampant inflation, already at a 40-year high and heading toward double digits, is heaping fresh misery on retailers after a torrid few years dominated by pandemic lockdowns. Add ...

  Bloomberg Alphabet Inc’s Google agreed to pay $118 million to settle a gender discrimination lawsuit with about 15,500 female employees, lawfirms representing the women said in a statement. In addition, an independent expert will analyse Google’s hiring practices and and independent labour economist will review the company’s pay equity studies, reports said. . The settlement couldn’t be confirmed on ...

  Bloomberg Chart patterns indicate that a revival in China’s technology stocks is running into key technical tests.The Hang Seng Tech Index has rallied 39% since mid-March through June 10 on bets that Beijing is drawing the curtain down on a regulatory clampdown on the sector. That’s added $441 billion in market value across the 30-member gauge. The index lost ...

  Bloomberg The Indian rupee declined to a new record low and stocks slid as global risk-off sentiment spurred by expectations of aggressive Federal Reserve tightening weighed on emerging-market assets and stoked fears of more equity outflows. The local currency slid as much as 0.6% to 78.2825 per dollar on Monday, after having hit a series of lows in recent ...

  Bloomberg Bitcoin continued its selloff into Asia’s on Monday morning as part of broader declines in cryptocurrencies after a sharp rise in US inflation triggered risk-off sentiment. The world’s largest digital token tumbled as much as 6.4% to $25,593, its lowest level since May 12, in a seventh day of losses. Ether declines as much as 9% to $1,342.32. ...