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Bloomberg President Vladimir Putin accused the US of involvement in what he termed a “provocation” by a British destroyer in the Black Sea last week, while saying the Russian navy could have sunk the vessel without igniting a new world war. Hours before the HMS Defender engaged in a stand-off with Russian ships and fighter jets off the coast of ...

Bloomberg Hong Kong ramped up security and warned activists against holding any demonstrations as the Asian financial centre prepares to mark a sensitive anniversary of the former British colony’s return to Chinese rule. The police urged the public in a statement on Wednesday not to participate in unauthorised assemblies after banning activists from holding a rally on July 1, traditionally ...

Bloomberg Central London could lose as many as 835,000 jobs in the aftermath of the Covid-19 pandemic, with employees in service industries increasingly able to work remotely and flexibly, according to research by a consulting firm. An analysis of London’s labour market data by Advanced Workplace Associates, a consultancy based in the UK capital, showed that about 41% of people ...

Bloomberg Confidence in the euro-area economy improved to the highest level in more than two decades in June as a reopening of shops, restaurants and other services propelled the region’s recovery from the pandemic crisis. A European Commission sentiment index increased to 117.9, exceeding almost all estimates in a Bloomberg survey. The gain was driven by surging optimism in services, ...

Bloomberg German joblessness slid for a second straight month in June, signaling a robust recovery as falling coronavirus infections allow shops, restaurants and cultural venues to reopen. The decline of 38,000 was almost twice as high as expectations, and put total number of unemployed at 2.69 million. The unemployment rate was 5.9%, matching previous month, which was revised lower. Germany ...

Bloomberg Elon Musk’s satellite network Starlink is on track to beam broadband internet everywhere in the world except the polar regions by August. Space Exploration Technologies Corp has launched more than 1,500 satellites so far and has Starlink operations in about a dozen countries, Musk said during a presentation at the Mobile World Congress conference. That’s costing a lot. SpaceX’s ...

Bloomberg Prime Minister Mario Draghi’s government plans to end a ban on firing workers in manufacturing and construction sectors, removing protections that have been in place since the start of the coronavirus pandemic in a sign of Italy’s recovery. The move threatens to open a rift with some left-leaning parties in Draghi’s coalition. Unions called on the government to extend ...

Bloomberg Americans are enjoying outsized pay boosts this year from desperate employers, but the raises are failing to keep pace with surging prices for everyday goods. US wages likely posted a third strong monthly gain to fuel a 3.6% increase in June from a year earlier, according to economists’ forecasts ahead of the Labour Department’s jobs report. Companies including FedEx ...

Bloomberg European stocks dropped with US futures on Wednesday as risks from a highly infectious coronavirus strain appeared to outweigh growing confidence in the global economic recovery. The Stoxx Europe 600 Index declined 0.7%, with cyclical shares bearing the brunt of the losses. Airlines struggled as fears of the more contagious Delta variant continue to spur tourism curbs in the ...

Bloomberg Asia’s stock listing aspirants will likely face a less generous market following a first-half sales boom, as bubbly valuations and nervousness about US monetary policy make investors more cautious. Firms in Asia have raised $82 billion through initial public offerings so far this year, the most ever for a first half, and beating the previous record of $63 billion ...