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Bloomberg France renewed its criticism of China over the treatment of the Uighurs in Xinjiang on Wednesday, calling for human rights observers to be allowed into the region and demanding that internment camps be closed. Foreign Minister Jean-Yves Le Drian said witness accounts indicated human rights abuses that cannot be ignored, such as detention camps, people disappearing, forced labour, the ...

Bloomberg Cracks may be emerging in the so-called ironclad military alliance between South Korea and the US, stoking worries in Seoul that the Trump administration is looking at withdrawing troops from the peninsula. Defense Secretary Mark Esper isn’t ruling out reductions to US Forces in Korea, telling a forum that, while no order has been given, the administration was looking ...

Bloomberg Tokyo Governor Yuriko Koike told residents to avoid unnecessary trips outdoors as much as possible during a forthcoming four-day weekend as the city’s running total topped 10,000 and new cases nationwide were reported to hit a new daily record. Japan’s capital had another 238 cases on Wednesday, as the country heads into a long weekend that was originally scheduled ...

Bloomberg The US accused two Chinese hackers of working for Beijing to steal or try to steal terabytes of data, including coronavirus research, from Western companies in 11 nations — the second time in a week a foreign nation has been singled out for vaccine-related hacking. The Justice Department released an indictment against the individuals, whom it identified as Li ...

Bloomberg Deutsche Bank AG signalled better-than-expected results ahead of earnings for the second straight quarter, adding to signs of progress in Chief Executive Officer Christian Sewing’s historic turnaround plan. The bank’s common equity Tier 1 ratio, a key metric of financial strength, also unexpectedly increased, rising to about 13.3% at the end of June from 12.8% three months earlier, according ...

Bloomberg In the initial list of four sponsors for Ant Group’s mega initial public offering in Hong Kong, one bank’s name was conspicuously missing: Alibaba’s go-to bank Credit Suisse. Credit Suisse Group AG has been fighting for a major role in the offering and Ant is leaning towards naming them as a joint global coordinator for its Hong Kong listing, ...

Bloomberg Japan’s largest bank is installing giant robot scanners to digitize millions of documents, as it seeks to break from the long tradition of using paper records to verify its customers’ identities. Mitsubishi UFJ Financial Group Inc. will use the machines of Ripcord Inc. to scan 300 million pages of files that record clients’ personal seals known as hanko, the ...

Bloomberg Wells Fargo & Co. veterans may have to get used to hearing “Well, at JPMorgan.” The San Francisco-based lender hired Mike Santomassimo as its next chief financial officer, marking the latest in a wave of JPMorgan Chase & Co. veterans that Chief Executive Officer Charlie Scharf has enlisted atop Wells Fargo. Scharf, a one-time Jamie Dimon protege who spent ...

Bloomberg UBS Group AG signalled the worst hit of the coronavirus crisis on its balance sheet may be over, prompting the bank to consider reviving shareholder payouts as it seeks to boost the shares. The Swiss bank — while warning of uncertainty ahead — attracted $9 billion of net new money at the private banking business in the second quarter ...

Bloomberg Danske Bank A/S may need to cut at least 1,000 jobs if it’s to meet its latest cost goals, according to analysts monitoring the lender. Danske’s chief executive, Chris Vogelzang, told Bloomberg that he’s planning “significant” staff cuts in an effort to bring expenditure under control. Given the lender’s stated cost targets, that entails a “low four-digit number,” according ...