Monday , May 17 2021

Budget pressures spur Somalia to hasten end to political crisis

Bloomberg Somalia will expedite elections in a bid to quell instability and coax donors into releasing funds needed to pay the nation’s security forces and other state employees, Foreign Minister Mohamed Abdirizak said. The prime minister is scheduled to meet representatives from political parties and other interested groups in July ...

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Madrid voters hand sweeping win to Sanchez’s biggest critic

Bloomberg Isabel Diaz Ayuso, Madrid’s combative conservative leader, won a second term as regional president, cementing her position as Prime Minister Pedro Sanchez’s most powerful critic. Ayuso’s People’s Party claimed 65 seats in the vote, more than doubling its representation in the regional assembly, with Sanchez’s Socialists getting 24 and ...

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Vietnam intensifies border checks to stem ‘very worrisome’ coronavirus outbreak

Bloomberg Vietnam has ordered a strict border control after lengthening the quarantine period to include additional time at home and imposing some movement restrictions as it traces the recent flare up in coronavirus cases to overseas travellers. During a virus task force meeting, Deputy Prime Minister Vu Duc Dam ordered ...

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Merkel braces for court setback for lockdown

Bloomberg Chancellor Angela Merkel’s coalition is rapidly revising its pandemic strategy over concerns its controversial lockdown law may suffer a court setback, which would be the second legal defeat in quick succession just months before September elections. Germany’s Constitutional Court is considering at least 289 challenges to the law, which ...

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Citigroup’s Australia unit draws interest from major local banks

Bloomberg Citigroup Inc’s retail operations in Australia are drawing interest from a host of local lenders, according to people familiar with the matter. National Australia Bank and Australia & New Zealand Banking Group Ltd., the country’s third- and fourth-largest lenders by value, are in talks with Citigroup over the assets, ...

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Westpac probed by regulator on insider trading allegations

Bloomberg Australia’s securities regulator is probing Westpac Banking Corp on allegations of insider trading, just months after the country’s second-biggest lender paid a record fine to settle breaches of anti-money laundering laws. The allegations relate to Westpac’s role in executing a A$12 billion ($9.3 billion) interest-rate swap transaction with a ...

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