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Bloomberg The Trump administration’s final days are proving as confounding as ever for companies and investors stuck in the middle of an increasingly contentious US-China relationship. After a week of widespread confusion over the scope of a US ban on investments in businesses linked to China’s military, both Washington and Beijing took steps over the weekend that threaten to further ...

Bloomberg The US has classified Yemen’s Houthis as a foreign terrorist organisation following a series of attacks on oil tankers in the Red Sea and as Washington seeks to increase pressure on Iran in the final days of Donald Trump’s presidency. The move will give the US “additional tools” with which to counter security threats in the Persian Gulf, according ...

Bloomberg First lady Melania Trump said on Monday she was “disappointed and disheartened” by the violent attack on the US Capitol last week and called for healing. “Make no mistake about it, I absolutely condemn the violence that has occurred on our Nation’s Capitol. Violence is never acceptable,” she said in a statement released by the White House. Trump called ...

Bloomberg North Korea appeared to stage a military parade as part of a grand party congress that laid out the scale of the challenge US President-elect Joe Biden faces to rein in Kim Jong Un’s nuclear program. There were signs that North Korea held a parade late Sunday evening, the South Korean Joint Chiefs of Staff said Monday, in what ...

Bloomberg China said that a World Health Organisation (WHO) team of experts will arrive this week to investigate the origins of the coronavirus, after the country was criticised by the health body and other nations for a lack of transparency around tracking the pathogen’s source. The team of scientists will come to China from January 14, the National Health Commission said ...

Bloomberg India’s Supreme Court has said it proposes to put three controversial farm laws on hold, a move that could possibly end the stalemate between Prime Minister Narendra Modi’s administration and tens of thousands of farmers protesting for nearly three months now. A three-judge bench headed by Chief Justice of India Sharad A. Bobde said on Monday that a final ...

Bloomberg Britain is significantly less attractive as an international business location because of Brexit but remains well positioned compared with other major economies, according to a German study. The UK slipped behind the US to second place in the latest ranking published by Germany’s Foundation for Family Businesses, though it remains ahead of the rest of its Group of Seven ...

Bloomberg Italy’s government will ask parliament to approve another increase in the deficit later this month to pay for vaccines, healthcare, and support for companies and workers, according to Finance Minister Roberto Gualtieri. The request will be for 24 billion euros ($29 billion), Gualtieri said in an interview with the Corriere della Sera newspaper. That’s equivalent to 1.5% of Italy’s ...

Bloomberg German Finance Minister Olaf Scholz said a slight economic recovery is on the horizon thanks to robust state aid preventing much of the potential fallout of the pandemic, Deutsche Presse-Agentur reported. He credited Germany’s fiscal stimulus and the Berlin government’s shift on crisis aid at the EU level with saving jobs, the German newswire quoted Scholz as telling a ...

Bloomberg Apple Inc. and Amazon.com Inc. are removing Parler from their services, part of a growing backlash after the social media network was among those used to organise last week’s riots at the Capitol. Apple dropped Parler from its App Store, while Amazon’s cloud unit decided to stop hosting the social media company. They joined Alphabet Inc.’s Google, which removed ...