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Bloomberg The European Union’s top diplomat is urging member states to quickly provide Kyiv with the weapons it has asked for, as Ukraine braces for Russia to step up its campaign in the country’s east, according to people familiar with weekend discussions. Josep Borrell told EU diplomats a decision is needed in days and not weeks, and the bloc must ...

Bloomberg US President Joe Biden will again press India to take a harder stand on Russia’s war in Ukraine during a virtual meeting with Prime Minister Narendra Modi ahead of a dialog between the foreign and defense ministers from both sides. Biden will continue “consultations on the consequences of Russia’s brutal war against Ukraine and mitigating its destabilising impact on ...

Bloomberg Singapore Prime Minister Lee Hsien Loong warned the US against isolating China over the war in Ukraine by framing it as a battle between democracies and autocracies, which would complicate an already fraught relationship between the two powers. “You have to be very careful not to define the problem with Ukraine in such a way that automatically, China is ...

Bloomberg French President Emmanuel Macron ramped up his campaign for a second term, with his allies zeroing in on rival candidate Marine Le Pen’s links to Russia’s Vladimir Putin. As the second round of campaigning began on Monday ahead of a final vote in two weeks’ time, Finance Minister Bruno Le Maire said voters have a choice between an “ally ...

  Bloomberg Indonesian President Joko Widodo appeared to dismiss a plan floated by senior cabinet official to extend his time in office as thousands of university students are set to protest in Jakarta over the move along with the rising costs of basic goods. Rumours have persisted for months that the leader known as Jokowi could seek to amend the ...

  Bloomberg At the 600-year-old Guildhall in the City of London, key players in a two-decade-old industry looking to remake finance are gathering. Innovate Finance’s summit — part of UK Fintech Week — aims to showcase Britain’s financial technology sector and its global ambitions. Its profile has never been higher, with soaring demand from both customers and investors — even ...

  Bloomberg US consumer borrowing surged in February by the most on record, reflecting outsized increases in both credit-card balances and non-revolving loans. Total credit jumped $41.8 billion from the prior month after a revised $8.9 billion gain in January, Federal Reserve figures showed. The increase exceeded all estimates in a Bloomberg survey of economists. On an annualised basis, borrowing ...

  Bloomberg Some of the world’s biggest automakers are linked through their suppliers to labour programs in China’s Xinjiang region that experts have flagged as coercive, according to a new report by Horizon Advisory, a ..-based consultancy. The concerns center around the production of aluminum, raising questions for another key industry about alleged human rights abuses in its supply chain. ...

Bloomberg The German government is working on a financial-aid package for companies suffering from the fallout of the Ukraine war and the economic sanctions against Russia. The support measures, which are being assembled by the economy ministry, will include a loan program by the KfW state-owned bank as well as direct financial aid, according to a person involved in the ...

  Bloomberg The Panama Canal Authority proposed a comprehensive restructuring of its toll system, which would increase rates charged on cargo such as vehicles, oil and gas and soybeans that cross the waterway as ocean shippers rake in record profits. The changes would reduce the current structure to fewer than 60 tariffs from 430 now and focus on vessel capacity ...