Bloomberg Hong Kong is further tightening quarantine rules for airline staff, with cargo pilots isolating at home to be tracked with electronic monitoring bracelets and crew on passenger planes who have been in countries with high levels of the virus made to quarantine for 14 days. The updated rules, set out in a document seen by Bloomberg News, was ...
Read More »EU to send Russia joint security reply, snubbing Lavrov demand
Bloomberg The European Union will snub a request by Russian Foreign Minister Sergei Lavrov for the bloc’s member countries to respond individually to Moscow’s demands on the region’s security framework. Josep Borrell, the bloc’s foreign policy chief, will respond on behalf of the 27 EU members, according to a draft of the letter seen by Bloomberg. The EU response ...
Read More »Congress is ‘running out of runway’ to devise any Russia sanctions
Bloomberg Senate Republican leader Mitch McConnell expressed skepticism about the effectiveness a sanctions bill would have in swaying Russian President Vladimir Putin’s decisions on Ukraine. “I don’t think Putin will be deterred by any piece of legislation in the Senate,†he said. McConnell said the Nord Stream 2 pipeline should be blocked now and that President Joe Biden already ...
Read More »US-led group slams ‘attacks’ on HK press freedom
Bloomberg A US-led group of democracies condemned China for “suppression†of Hong Kong’s press freedoms in a statement that was “firmly rejected†by China, highlighting lingering tensions over human rights. Calling themselves the Media Freedom Coalition, 21 countries including the US, UK, Australia, Germany, Canada and Japan said in a statement released by the State Department that they “express ...
Read More »UK PM Boris Johnson should resign, major Tory donor tells BBC
Bloomberg Boris Johnson’s premiership is past the point of no return and he should resign, a hedge fund manager who has given the UK’s ruling Conservative Party more than three million pounds ($4 million) told the BBC. If “you lose moral authority†and “betray a sense of not really caring, I think you should leave,†John Armitage, co-founder of ...
Read More »Trudeau blasts trucker protest with key bridge to US shut
Bloomberg Prime Minister Justin Trudeau took a hard line against trucker protests that have paralyzed Canada’s capital city and have now halted commercial traffic to the US at the busiest border crossing between the two countries. The Ambassador Bridge that connects Windsor, Ontario, with Detroit was shut down in both directions, according to a Canadian government website and the ...
Read More »Macron shields French from some price pain before polls
Bloomberg French President Emmanuel Macron’s price caps to stop a cost-of-living crisis colliding with April’s elections will slow inflation by about one percentage point at the start of 2022, according to Insee. The government has earmarked 15.5 billion euros ($17.7 billion) to curb the impact of inflation for households, most of which for mechanisms to limit the effect of ...
Read More »Glaxo expects profit to rise as drugmaker prepares for split
Bloomberg GlaxoSmithKline Plc expects profit to rise this year as the UK drugmaker prepares to spin off its consumer-health business, its biggest shake-up in more than two decades. Earnings for the pharma and vaccines businesses are expected to rise 12% to 14% in 2022 on an adjusted basis, Glaxo said on Wednesday. The shares rose as much as 1.4% ...
Read More »US, EU to resume shellfish trade after 10-year dispute
Bloomberg The trade of molluscan shellfish between the European Union and the US is set to resume following a 10-year break after the two sides resolved regulatory disputes. Sales of mussels, clams, oysters and scallops will resume at the end of this month, the European Commission said after it adopted legislation to that effect. Two EU member states, Spain ...
Read More »Maersk buys trucking company to shore up road-transport business
Bloomberg AP Moller-Maersk agreed to buy Pilot Freight Services LLC for $1.68 billion, shoring up its road-transport business while signaling an unprecedented boom in container shipping may be starting to fade. The deal announced on Wednesday coincides with a 2022 profit forecast that falls well below analysts’ estimates. Maersk said it expected a strong first half before a “normalisation ...
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