Saturday , August 8 2020


Putin signals he may run for 5th presidential term in 2024

Bloomberg Vladimir Putin said he’ll consider running for a fifth presidential term in 2024, arguing that the hunt for any successor risks paralysing Russia’s government as the next election nears. “I don’t rule out such a possibility,” if the necessary amendment to the constitution is approved, Putin said in a ...

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Italy will likely seek to widen budget shortfall, says Conte

Bloomberg Italian Prime Minister Giuseppe Conte said his government would likely seek a wider budget gap as he draws up an ambitious reform plan to lobby for European Union (EU) assistance to restart the economy. The government will focus on infrastructure projects including high-speed railways and may approve a value-added ...

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Wirecard fights for survival as missing billions may not exist

Bloomberg Wirecard AG was left fighting for survival after acknowledging that 1.9 billion euros ($2.1 billion) that it had reported as assets probably don’t exist, deepening an accounting scandal that has rattled Germany’s financial industry. The payments processor said it’s in discussions with creditors and considering a full-scale restructuring after ...

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Sweden’s credit market rebounds on rising ESG bond volumes

Bloomberg Sweden’s once battered credit market is finding relief in an unexpected place. As firms and governments try to recover, they’re selling more debt earmarked for ethical and social projects than ever before. That issuance has provided a lifeline to a market that suffered one of the worst crashes in ...

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UAE educational institutions likely to reopen in September

ABU DHABI / WAM The Education and Human Resources Council, at a meeting chaired by HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, was briefed on the Ministry of Education’s plan and vision on the possibility of re-opening educational institutions across the country. During ...

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Failed US plutonium project ends in fire sale

Bloomberg Need some parts for a nuclear plant? The government has a few to spare. Electrical transformers, motors, and pieces of special glove boxes designed to safely handle radioactive material are available as the government auctions off equipment from a now-abandoned nuclear project that was supposed to turn weapons-grade plutonium ...

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