Bloomberg Hurricane Agatha was expected to strike Mexico’s Oaxaca state on Monday with damaging winds, heavy rain and a crashing storm surge, making it the strongest May storm to hit the eastern Pacific on record. Agatha was already raking the Pacific coastline with damaging gusts and heavy rain. The compact storm, just below Category 3 strength on the five-step ...

Bloomberg A construction magnate who was little known at the start of the year surged into presidential runoff with a real chance at winning as voters coalesce against his leftist rival. Rodolfo Hernandez took 28% of the vote to 40% for Gustavo Petro, a former mayor of Bogota and onetime guerrilla, the electoral authority said. Hernandez beat out Federico Gutierrez, ...

  Bloomberg The United Nations’ human rights chief should resign for failing to condemn China after visiting its remote Xinjiang region where the US accuses Beijing of genocide, according to one prominent scholar. Adrian Zenz, senior fellow in China studies at the Victims of Communism Memorial Foundation, told Bloomberg TV that he considered Michelle Bachelet’s trip to China’s far western ...

Bloomberg Northern Ireland’s devolved government remains effectively suspended after a move to elect speakers to the Assembly failed amid a stand-off over Brexit. “The Assembly has been unable to conduct its first business therefore we can proceed no further,” Acting Speaker Alex Maskey said. Until a speaker is elected, there can be no nominations to the region’s joint top ministerial ...

  Bloomberg Australian PM Anthony Albanese’s Labor Party clinched a parliamentary majority after day of ballots getting counted in tightly contested seats, giving his government the heft to push through bills on issues ranging from climate change to anti-corruption measures. Labor is projected to secure the seat of Macnamara in the heart of Melbourne, Australia’s ABC said, giving the party ...

  Bloomberg Boris Johnson faces a drip-drip of Conservative MPs calling on him to resign, as former Attorney General Jeremy Wright said the so-called partygate scandal had done “lasting damage” to the government. The prime minister had been hoping that with Parliament on holiday to mark Queen Elizabeth II’s 70 years on the throne, Tory rebels would be keeping relatively ...

  Bloomberg China will allow foreign institutional investors to trade bonds on its smaller exchange market in its latest step to attract more capital inflows by opening its financial markets, after a record selloff of Chinese holdings by foreign investors. Qualified foreign institutional investors, which can include central banks, sovereign funds, commercial banks and pension funds, will be allowed to ...

Bloomberg The European Central Bank’s debate over how aggressively to tighten monetary policy is likely to intensify this week in the prelude to a pre-decision blackout period as data probably show a new record for inflation. All but one economist surveyed by Bloomberg foresee an acceleration in annual price increases, with the median estimate at 7.8%. Out of the four ...

  Bloomberg Citigroup Inc is advising investors to limit exposure to the yuan and remains cautious on emerging markets more broadly, saying China hasn’t done enough to ease the risk that its economic slowdown will threaten growth worldwide. China’s deepening slump, fears of a US recession and the Federal Reserve’s moves to shrink its balance sheet mean that any correction ...

  Bloomberg European equities rose to the highest level in more than three weeks, trimming their monthly drop, after China relaxed some of the strictest virus controls of the pandemic, fuelling risk-on sentiment for economic recovery. The Stoxx 600 advanced 0.7% at 9:44 am in London, rising for a fourth day in the longest winning streak since March. Consumer and ...