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Bloomberg China dismissed US warnings about the risk of doing business in Hong Kong as “pure nonsense,” saying sanctions won’t change its determination to safeguard national security. In similar statements, the Hong Kong and Macau Affairs Office and Hong Kong Liaison Office condemned US President Joe Biden’s advisory that said China’s push to exert more control over the financial hub ...

Bloomberg President Joe Biden said the US will appeal a federal judge’s ruling that the DACA program protecting hundreds of thousands of “Dreamers” who came to the US as children was implemented unconstitutionally, and he renewed his call for Congress to agree on a permanent solution. “Yesterday’s Federal court ruling is deeply disappointing,” Biden said in a statement on Saturday. ...

Bloomberg A former official with Haiti’s Ministry of Justice gave the order to mercenaries to assassinate President Jovenel Moise, according to Colombian police. Three days before the murder, Joseph Felix Badio, who also formerly worked in an anti-corruption unit, told the leaders of the Colombian team that they were no longer going to arrest Moise but to kill him, Colombian ...

Bloomberg Indonesia’s President Joko Widodo urged for a “sense of crisis” among his ministers as the country becomes one of the worst hotspots in the world. Jokowi, as the president is known, also called off a paid vaccination plan and told state officials not to travel overseas after wide public backlash, urging them to exercise “social sensitivity,” Cabinet Secretary Pramono ...

Bloomberg Chancellor Angela Merkel plans to visit areas affected by Germany’s worst flooding in decades as the death toll exceeds 130 and hundreds remain unaccounted for, according to Bild am Sonntag. Merkel’s set to travel to Rhineland-Palatinate on Sunday, the newspaper said. Water levels remain high and houses continue to collapse in some areas. A government spokeswoman said the visit ...

Bloomberg The European Central Bank (ECB) is about to take the next step in reinventing the region’s money as it marches towards the creation of a digital euro. Policy makers will decide whether to move to an exploratory phase, which President Christine Lagarde reckons could take about two years. Ultimately, euro-zone citizens could be holding a virtual central-bank currency by ...

Bloomberg New Zealand’s central bank (RBNZ) said it will reduce monetary stimulus by ceasing quantitative easing, a surprise move that sent the currency higher as traders priced in an interest-rate increase as early as August. The Reserve Bank’s Monetary Policy Committee, led by Governor Adrian Orr, on Wednesday held the official cash rate at 0.25%, but said it will halt ...

Bloomberg Bank of America Corp (BofA) is struggling to build back its lending income as consumers, flush with cash from government stimulus programs, avoid taking on new borrowings. Loans and leases in the consumer banking unit fall 12% from a year earlier. Net interest income, on a fully taxable equivalent basis, was $10.3 billion last quarter, the bank said. That ...

Bloomberg Apple Inc is working on a new service that will let consumers pay for any Apple Pay purchase in installments over time, rivaling the “buy now, pay later” offerings popularized by services from Affirm Holdings Inc and PayPal Holdings Inc. The upcoming service, known internally as Apple Pay Later, will use Goldman Sachs Group Inc as the lender for ...

Bloomberg Apple Inc has asked suppliers to build as many as 90 million next-generation iPhones this year, a sharp increase from its 2020 iPhone shipments. The Cupertino, California-based tech giant has maintained a consistent level in recent years of roughly 75 million units for initial run from a device’s launch through the end of year. The upgraded forecast for 2021 ...