Trump actually has a point about RNC’s ads

Former Republican president Donald Trump is trying to block the Republican National Committee from using his image in their fundraising efforts. He has no legal case: Trump is a public figure and can’t stop anyone from using his image in the course of political speech. But if you think of it in terms of US campaign finance customs rather than ...

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Biden repeals Trump-era policy on caregivers for migrant kids

Bloomberg The Biden administration is repealing a Trump-era policy on unaccompanied child migrants in order to encourage their family members in the US to take custody of them, even if the parents or guardians are not living in the country legally. Under a 2018 memorandum, Department of Health and Human Services’ Office of Refugee Resettlement was directed to ask Immigration ...

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Hong Kong high court allows bail for 3 councilors

Bloomberg Hong Kong’s High Court allowed three district councilors who were part of a group of 47 pan-democrats charged under the national security law to be released on bail on Saturday, while rejecting the appeal of two others. Tat Cheng, Michael Pang and Ricky Or were allowed to post bail but will have to give up travel documents, observe a ...

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EU nations push to relax ban on travel from rest of world

Bloomberg A group of European Union (EU) nations that count tourism as a significant industry is pushing for a relaxation of rules on traveling to the bloc from the rest of the world, according to diplomats. The EU imposed a blanket ban on non-essential travel from most countries last March in a bid to stem the spread of Covid-19. But ...

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Spain approves $13b aid package to help indebted companies

Bloomberg Spain’s government approved an 11 billion-euro ($13 billion) plan to help companies pay down debts accumulated during the pandemic, Economy Minister Nadia Calvino said. The package, which has three parts, will leave companies better poised for the economic recovery, Calvino told journalists during a televised news conference. The announcement is the latest example of how European governments are accelerating ...

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US consumer sentiment surges to one-year high

Bloomberg US consumer sentiment improved in early March by more than forecast, reaching a one-year high as more vaccinations and fiscal relief boosted optimism in the economic outlook. The University of Michigan’s preliminary sentiment index jumped to 83 from 76.8 in February, data showed. The figure exceeded the median projection of 78.5 in Bloomberg’s survey of economists. “The data indicate ...

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UK’s Johnson seeks new green homes strategy after policy stalls

Bloomberg UK Prime Minister Boris Johnson is working on a major overhaul of one of his government’s most important climate change policies after it failed to deliver. With a budget of 2 billion pounds ($2.8 billion), the Green Homes Grant program launched in September to provide vouchers for homeowners to help pay for insulating their properties and switch to low ...

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Apple could hit $3trn market valuation

Bloomberg Apple Inc.’s stock could reach a market capitalisation of $3 trillion, analysts say, citing the development of the Apple Car as well as high expectations for the next iPhone. Citigroup Inc. and Wedbush see potential for the tech giant to hit the milestone, an increase that implies an almost 50% surge from last week’s close. With a market cap ...

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Telefonica may keep hold of subsea cable unit in overhaul

Bloomberg Telefonica SA may defy expectations for an outright sale of its submarine cables and bring in investors to share ownership of the business instead. The Spanish phone company has been working with advisers to gauge interest from potential buyers. It was hoping to offload the business for about 2 billion euros ($2.4 billion), according to media reports last year. ...

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Luxury malls are the new car showrooms in China

Bloomberg China’s electric-car makers are paying top-dollar rents to open showrooms in luxury malls, as they seek to gain an edge in the hyper-competitive market. More than half the malls in Shanghai have at least one electric-vehicle showroom and more are planned, according to real-estate service provider Jones Lang LaSalle Inc. They are now part of the “standard configuration” of ...

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