New York fights back after mask mandate shot down by judge

  Bloomberg New York is appealing a ruling by a Long Island judge that its mask mandate for schools and other public places is an illegal end run around the state constitution. The mask-wearing rule was issued December 10 by the state’s health commissioner at the urging of Governor Kathy Hochul, around the start of the omicron surge of the ...

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Starbucks seeks to halt ‘union vote’ count

Bloomberg Starbucks Corp. is asking the US labor board to overturn a ruling allowing store-by-store unionization in Arizona, where ballots were already mailed to employees last week. In a Monday filing with the National Labor Relations Board, the coffee chain sought to overturn a regional director’s ruling that deemed the employees of a single store in Mesa an appropriate potential ...

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Ukraine crisis: Putin at risk of personal sanctions, says Biden

  Bloomberg President Joe Biden said he would consider personally sanctioning Vladimir Putin if he orders an invasion of Ukraine, escalating the US effort to deter the Russian leader from war. “Yes,” Biden said in Washington, in answer to a reporter’s question about whether he could see Putin facing US sanctions. “I would see that.” The US rarely levels sanctions ...

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Johnson refuses to quit as he awaits ‘lockdown parties’ investigation

  Bloomberg Boris Johnson batted away calls from opposition Labour Party Leader Keir Starmer for him to resign over allegations of rule-breaking parties at Downing Street during lockdown. Johnson told the House of Commons he couldn’t comment on the matter while it’s still under investigation, and reiterated a promise to publish senior civil servant Sue Gray’s report in full once ...

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Burkina Faso coup fallout to reverberate across West Africa

  Bloomberg A coup in Burkina Faso will reverberate across West African economies and heighten concerns about growing instability in neighboring states. Soldiers toppled President Roch Marc Christian Kabore on Monday, accusing him of failing to tackle an insurgency that’s spreading in the region. The US and United Nations condemned the takeover, while the Economic Community of West African States ...

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China criticises US diplomats ‘seeking exit’

  Bloomberg Beijing said a US bid to let its diplomats exit China during the pandemic defied logic, after reports emerged American embassy officials were worried about the country’s tightening epidemic measures. “We find it difficult to understand the logic behind the US decision, which cannot be justified,” Chinese Foreign Ministry spokesman Zhao Lijian said Wednesday at a regular news ...

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Pelosi to run again, stays silent on speakership

Bloomberg House Speaker Nancy Pelosi announced she is running for re-election to her San Francisco-area congressional seat, although she has previously indicated this would be her last term as the chamber’s top Democrat. In a video released by her campaign, Pelosi ticked off a list of unfinished business like “justice for immigrants” and issues related to education, housing, and other ...

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EU’s bank watchdog unveils tougher ESG reporting rules

  Bloomberg Europe is imposing new requirements on how banks report environmental risks and carbon targets, to give investors a better picture of the threats that climate change poses to the industry. The European Banking Authority (EDBA) has unveiled a new set of mandatory templates, tables and instructions that banks will have to follow, after a review of environmental, social ...

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UK debit card spending rises by 27% in January

  Bloomberg UK consumers spent significantly more on debit cards in the first two weeks of January but a mounting cost-of-living crisis is expected to take a heavy toll in 2022. That’s according to Lloyds Bank, which found that spending rises 27% from the same period of 2020, before the pandemic hit, with 42% more splashed out at restaurants. The ...

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Credit Suisse flags more charges to cap awful year

  Bloomberg Credit Suisse Group AG will take a large legal charge in the fourth quarter and warned of outflows at its key wealth business, capping a tough year for the bank after a series of scandals and management turmoil. The lender will set aside 500 million francs ($546 million) for litigation stemming primarily from its investment banking business, according ...

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