Bloomberg The UK escalated its threats over the post-Brexit deal for Northern Ireland, saying the European Union’s latest proposals on trading arrangements won’t work and signalling it’s prepared to take unilateral steps unless a new agreement can be negotiated. The government “will not shy away from taking action to stabilise the situation in Northern Ireland if solutions cannot be found,” ...

Bloomberg The only son and namesake of the late dictator Ferdinand Marcos has claimed victory in a high-stakes Philippines presidential election and has asked critics to judge him by his actions and not his past as he moves on with considering names for his cabinet. Ferdinand “Bongbong” Marcos Jr won the election by a landslide, cementing his family’s return to ...

Bloomberg Japan and South Korea are among the countries set to join the Indo-Pacific Economic Framework (IPEF), a US-led regional grouping President Joe Biden is expected to unveil later this month, the Sankei newspaper reported. Australia and New Zealand are also set to sign up as members of the group, the paper said, without specifying where it got the information. ...

  Bloomberg The Biden administration is working on a proposal to bolster economies in Latin America and strengthen US ties ahead of a key regional summit the US will host next month to help confront the challenge of fast-increasing migration. The proposed economic framework, still in the early stages, will address issues including so-called nearshoring and supply-chain vulnerabilities revealed by ...

  Bloomberg Apollo Global Management Inc. is in talks to lead a preferred financing for Elon Musk’s proposed buyout of Twitter Inc., according to people with knowledge of the deal. The funding, arranged by Morgan Stanley, will exceed $1 billion and may include Sixth Street Partners, among other firms, the people said. Shares of Twitter closed at $47.26 apiece, with ...

  Bloomberg Greek inflation soared beyond 10% for the first time since 1995 as Russia’s war in Ukraine heightened already spiking energy costs. A national gauge of consumer prices jumped 10.2% from a year ago in April, the highest since February 1995, driven by electricity and fuel, as well as goods including vegetables and transport, the Hellenic Statistical Authority said. ...

  Bloomberg Norway’s inflation accelerated more than expected last month to a new 13-year high, raising pressure on the central bank to speed up its interest rate-hike plan to more than one increase per quarter. Consumer prices rise 5.4% from a year earlier, the fastest pace since October 2008, according to data from Statistics Norway. Economists surveyed by Bloomberg expected ...

  Bloomberg Ukraine’s economy will plunge by almost a third in 2022, more than previously expected, in a scenario in which the war ends this year, the European Bank for Reconstruction and Development said. The forecasts assume that a cease-fire will be negotiated this year and reconstruction of the country can begin in 2023. , with the economy projected to ...

  Bloomberg European stocks rose as Covid cases in China eased, while investor attention turned to US inflation data for clues on the path of monetary policy. The Stoxx Europe 600 Index was up 1.3% by 12:28 pm in London, extending a rebound from a four-week long slump that was sparked by concerns over tightening central bank policies, surging commodity ...

  Bloomberg The rout in stocks isn’t over just yet, according to Morgan Stanley strategists, who see scope for both US and European equities to correct further amid mounting concerns of slowing growth. Strategist Michael Wilson, who has long been a skeptic of the decade-long bull run in US stocks, said in a note that even after five weeks of ...