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Bloomberg The activist coalition that backs Sudan’s civilian wing of government said the army should cede chairmanship of the country’s joint military-civilian sovereign council by November 17. A civilian should assume leadership of the council by that date, leading member of the Forces of Freedom and Change alliance, Mohamed Nagi Alassam, said, citing calculations based on previous pacts between activists, ...

Bloomberg President Joe Biden’s envoy for North Korea reiterated the US is ready for dialog without preconditions, urging the country to respond to its offers, Yonhap reported. The US has made it clear it has no hostile intention at all, Yonhap said, citing US Special Representative for North Korea Sung Kim. He spoke after meeting South Korea’s Special Representative for ...

Bloomberg A powerful Pacific storm slammed into California and the Pacific Northwest bringing crashing surf, flooding rains that could touch off mudslides, and heavy snow across the region’s higher elevations. Drenching rain has already fallen in northern California, with parts of Marin County, north of San Francisco, getting 5.68 inches, said Scott Rowe, a National Weather Service meteorologist. Flood, wind, ...

Bloomberg The UK government said negotiations with the European Union over the Northern Ireland Protocol need solutions “urgently” ahead of new talks aimed at closing key disagreements between the parties. A team from the EU Commission will travel to London, after which Brexit Minister David Frost and the Commission Vice-President Maros Sefcovic are due to meet and take stock of ...

Bloomberg A caravan of migrants pushed past Mexican security forces near the city of Tapachula in Southern Chiapas state, as the group continued its route north toward the country’s capital. The group of several thousand people, including women and children, pushed past national guard clad in riot gear that had attempted to block the group’s passage, footage from local news ...

Bloomberg Former President Barack Obama waded into Virgina’s gubernatorial race, criticising Republican candidate Glenn Youngkin for supporting “phony, trumped-up culture wars” in his bid to flip the state. Speaking at a rally in Richmond for Democrat Terry McAuliffe, Obama said Youngkin was seeking to win by signalling support for baseless claims about fraud in the 2020 election that led to ...

Bloomberg Citigroup Inc became the first Wall Street bank to agree to do a deep dive into its business to see if, and how, it contributes to racial discrimination. The audit will be conducted by attorneys at Covington & Burling LLP, Citigroup said on its website. The bank said the audit will focus on its 2020 commitment to dedicate $1 ...

Bloomberg Bank of Russia may have stunned bond and currency markets with the size of its rate hike, but entrenched inflation means traders shouldn’t assume the hawks are done. “It’s too early to say the tightening cycle is over,” Governor Elvira Nabiullina told a press conference after lifting the main rate 75 basis points to 7.5%, the sixth straight hike ...

Bloomberg ICICI Bank Ltd.’s net income rose about 30% in the second quarter to a record, led by strong loan growth as consumer demand improved after a drop in the number of coronavirus cases. Net income at the country’s second-largest private lender stood at the highest-ever 55.1 billion rupees ($735 million) in the quarter-ended September, compared with 42.5 billion rupees ...

Bloomberg Nigerian President Muhammadu Buhari will launch a digital currency on Monday aimed at improving the payments system in the West African nation, according to the central bank. The eNaira, which took several years to develop, will “make financial transactions easier and seamless for every strata of the society,” the Central Bank of Nigeria said in emailed statement. The digital ...