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  Bloomberg Aung San Suu Kyi must be involved in Myanmar’s peace process, Philippine Foreign Secretary Teodoro Locsin said in a statement that condemned the sentencing of the deposed leader to another four years in prison. “Suu Kyi is indispensable in a democratic restoration that will pose no threat of anarchy, dissolution, and civil conflict,” Locsin said Sunday. He echoed ...

  Bloomberg Labour Party leader Keir Starmer said Sunday that he believes Prime Minister Boris Johnson “broke the law and lied,” regarding parties at No 10 Downing Street held during national coronavirus lockdowns. “The prime minister has degraded the office of Prime Minister and has lost all authority not only within his own party but with the whole country,” Starmer ...

  Bloomberg Serbia may take a step closer to joining the European Union on Sunday, when voters in the Balkan nation will decide on whether to change the constitution to create a more independent judiciary in line with the 27-member bloc’s standards. Shielding judges and prosecutors from political influence is a key step in aligning the former Yugoslav republic’s laws ...

  Bloomberg Christiane Taubira, who served as justice minister in the last Socialist government, formally announced her intention to run for president in an already crowded race. “I am a candidate,” Taubira said in a speech in Lyon, weeks after first touting a possible plan to run. “I have been meeting with the French, with you, in your daily lives. ...

  Bloomberg JPMorgan Chase & Co falls the most since 2020 after the company said compensation and other costs jumped in the fourth quarter ahead of an expected surge this year. Expenses in the last three months of 2021 rise 11% from a year earlier, and the firm said to expect them to rise to about $77 billion this year ...

  Bloomberg HDFC Bank Ltd.’s profit rises in the third quarter, beating estimates, helped by loan growth and improved asset quality as consumer demand picked up. Net income stood at INR 103.4 billion rupees ($1.4 billion) rupees for the quarter ending December compared with 87.6 billion rupees a year ago. That beat the average estimate of 101.4 billion rupees by ...

  Bloomberg Bank of Korea Governor Lee Ju-yeol signalled the likelihood of more interest rate increases to come following the hike, as the central bank clearly put inflation concerns ahead of uncertainties over Covid-19. Even though the key policy rate, now at 1.25%, is back at pre-pandemic levels, Lee said it was at an accommodative level, adding that another hike ...

  Bloomberg Citigroup Inc. agreed to sell consumer-banking businesses in Indonesia, Malaysia, Thailand and Vietnam to United Overseas Bank Ltd. (UOB) for about S$4.9 billion ($3.6 billion) as Chief Executive Officer Jane Fraser continues her push to simplify the New York-based bank. UOB will pay Citigroup a cash consideration for the net assets of the acquired businesses plus a premium ...

  Bloomberg The UK government has sold 170.4 million shares in NatWest Group Plc — worth about $580 million at current prices — since November, continuing to cut the majority stake it acquired during the financial crisis. The Treasury now owns a 51.98% stake in the lender formerly known as Royal Bank of Scotland, according to a filing. Its stake ...

  Bloomberg The top 1% at Goldman Sachs Group Inc. is set to receive a special one-time reward in addition to annual bonuses, recognizing the Wall Street titan’s roaring success through the pandemic. The unusual payments to partners — the roughly 400 executives who fill out the investment bank’s highest rung — will add millions of dollars to many compensation ...