Spare a thought for Japanese Prime Minister Fumio Kishida, watching the pomp and circumstance of last week’s state funeral for Queen Elizabeth II. Kishida’s plan to hold a ceremonial farewell for Shinzo Abe, Japan’s longest-serving premier who was assassinated on the campaign trail just two days before upper house elections this July, was likely intended to be a similarly ...

  Watched by millions around the world, the funeral of Queen Elizabeth II demonstrated the enduring glamor of Britain’s hereditary order. As recession looms, however, and the pound sinks to its lowest in nearly four decades, it is time to ask: Can the monarchy reform fast and radically enough to adapt to an age of social and economic breakdown? The ...

Bloomberg President Volodymyr Zelenskiy said the current focus of the war is Donetsk, describing the heavily industrial eastern region as the “primary target” for both Ukraine and invading Russian forces. The situation in Donetsk is “especially tense,” Zelenskiy said in his nightly address. In a separate tweet, he urged the international community to step up pressure on Russia with sanctions ...

Bloomberg Japanese political leaders remembered former Prime Minister Shinzo Abe at a state funeral as a statesman who steadily led the country during his record run as premier, amid domestic opposition to the event that has undermined support for the current prime minister. About 4,300 people including US Vice President Kamala Harris, world leaders, dignitaries and members of Abe’s ruling ...

Bloomberg Luiz Inacio Lula da Silva rolled into the final week ahead of Brazil’s presidential election, with one poll showing he has the support for a first-round win while another has him inching ever closer to an outright victory on Sunday. Front-runner Lula would take 52% of valid votes, while incumbent President Jair Bolsonaro would take 34% both unchanged from ...

Bloomberg Vladimir Putin’s decision to call up 300,000 men to fight in his invasion of Ukraine is hitting two of the battered Russian economy’s weak spots. The order takes about one in a hundred of the country’s active workers from their jobs to send to the front when record-low unemployment – combined with the exodus of Russians fleeing the country ...

  Bloomberg Japan demanded an apology from Russia for what it saw as the unjust detention of one of its diplomats in Vladivostok, who was blindfolded and physically restrained after the Kremlin falsely accused him of spying. Top government spokesman Hirokazu Matsuno told a regular news briefing in Tokyo on Tuesday that the diplomat committed no illegal activity and Russia ...

  Bloomberg The UK’s stock and bond markets have lost at least $500 billion in combined value since Liz Truss took over as Prime Minister, with investor confidence shattered by a shock tax-cutting budget. Taking the helm at a time when the UK economy was already grappling with the specter of recession, the Truss government’s new fiscal policies fuelled concerns ...

  Bloomberg Global markets remained on edge on Tuesday as investors braced for a heightened risk of global recession, even as dip buyers emerged. Most stocks rise as Goldman Sachs Group Inc. and BlackRock Inc. soured on equities for the short term and Citigroup Inc. said bearish positioning continues to rise. Tech giants including Apple, Amazon.com and Alphabet advanced more ...

  ABU DHABI / WAM The total non-oil trade between the UAE and Oman from 2012 to 2021 amounted to more than AED362 billion, recording a growth rate of 98.9% to reach AED46.5 billion by the end of 2021, compared to AED23.4 billion by the end of 2012, according to data from the Federal Competitiveness and Statistics Centre (FCSC). The ...