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Welcome to Thursday, Europe. Here's the latest news and analysis from Bloomberg Economics to help you start the day:
- President Joe Biden plans to amend a U.S. ban on investments in companies linked to China's military this week, according to people familiar
- The Fed plans to begin gradually selling a portfolio of corporate debt purchased through an emergency lending facility launched last year
- The ECB could tweak bond-buying programs to safeguard its balance sheet against risks from global warming if ratings agencies don't adjust their own procedures quickly enough, Governing Council member Jens Weidmann said
- Covax, which distributes Covid vaccines to mostly poor countries, has been saying for a year no one is safe until everyone is. Rich countries may finally be getting the message
- Global negotiators attempting to rewrite tax rules for the digital era are tussling over a threshold for corporate revenue
- Two titans of finance are working with hundreds of executives and scientists to set up a global trade in carbon offsets. It's messy, and time's running out
- Prime Minister Boris Johnson's government is likely to keep tight limits on international travel for the weeks ahead, denting hopes of a major summer revival for aviation and tourism businesses
- India and the U.K. are intensifying talks to remove non-tariff barriers and foster market access as they work to stitch together the South Asian nation's first major free-trade pact in a decade
- As China tries to contain commodity prices, one factor is giving the central bank some breathing room: The link between producer and consumer prices has broken down
- India's monetary policy makers will likely maintain interest rates at a record low for a sixth straight meeting, while retaining their dovish bias. Bloomberg Economics' Abhishek Gupta says look for a commitment to keep an accommodative stance, a boost to QE and more liquidity measures for small companies
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