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Bloomberg Condé Nast Inc, publisher of magazines like Vogue, The New Yorker and Vanity Fair, will open a global technology and product centre in Bangalore to amplify the digital capabilities of its brands and boost online revenues. The Condé Nast Technology Lab will open later this week starting with a few dozen engineers, with plans to expand headcount for product, ...

Bloomberg US Secretary of State Michael Pompeo urged the Vatican to ramp up its opposition to governments abusing religious freedom, as he sought allies for the administration’s push against China. Shortly after landing in Rome on the first day of a two-day visit, Pompeo lost no time in pointing the finger at China, as the Vatican prepares to renew a ...

Bloomberg A special court has acquitted senior leaders of the ruling Bharatiya Janata Party, including a former deputy prime minister, 28 years after a Hindu mob demolished a centuries old mosque that triggered deadly riots killing thousands, according to a lawyer involved in the case. The court in Lucknow, the capital of the northern state of Uttar Pradesh, on Wednesday ...

Bloomberg Chancellor Angela Merkel said she’ll meet with Belarus’s exiled opposition leader as she condemned President Alexander Lukashenko’s crackdown on demonstrators protesting his disputed election victory. “We don’t recognise the election of President Lukashenko,” Merkel told lawmakers in Germany’s Bundestag, saying she would meet “soon” with Sviatlana Tsikhanouskaya. “We call on him to enter into a dialog with his people, ...

Bloomberg Boris Johnson struck a deal with rebels in his Conservative Party over giving the UK Parliament more power to scrutinise new emergency coronavirus laws, in a bid to curb a growing backlash over his handling of the pandemic. Health secretary Matt Hancock was expected to set out details of the agreement when he introduces a debate on the renewal ...

Bloomberg Armenia and Azerbaijan reported a fourth day of fierce fighting, defying growing international calls to halt the worst violence in decades over the disputed territory of Nagorno-Karabakh. Artillery fire is taking place along the contact line between the two militaries, Armenian Defense Ministry spokeswoman Shushan Stepanyan said on Wednesday on Facebook. “Intense battles” continue with combat operations taking place ...

Bloomberg The leader of Poland’s ruling party will join the cabinet as deputy prime minister in a revamp that appears to push the government further to the right and follows weeks of tensions that threatened to trigger snap elections. Jaroslaw Kaczynski is the driving conservative force behind the campaign to reshape Poland that’s put the country in an unprecedented standoff ...

Bloomberg The Swiss National Bank (SNB) spent 90 billion francs ($98 billion) on interventions in the first half of 2020, the most in years, amid a market rout in the early days of the coronavirus pandemic. The SNB was forced to step up its battle against the strong franc as investors drove the haven currency to the strongest level in ...

Bloomberg Taiwanese banks’ contributions to offshore loans for mainland Chinese firms fell to their lowest levels in at least 10 years as lenders turn increasingly anxious to limit their credit exposure to the economic fallout of the coronavirus pandemic and rising political tensions. The share of Taiwanese financial institutions in China’s offshore syndicated and club loans tumbled to the lowest ...

Bloomberg While most global banks say they’re gearing up for a shift from Libor, concerns persist about lawsuits if borrowers reach a cliff-edge scenario, according to Moody’s Investors Service. Banks’ clients are lagging in their effort to prepare for Libor’s exit and this could come back to haunt lenders, Vice President Olivier Panis said in an interview. Financial institutions risk ...