Bloomberg Germany is debating whether to invite Prime Minister Narendra Modi to the Group of Seven summit it’s hosting in June, given India’s reluctance to condemn Russia for invading Ukraine, according to people familiar with the matter. Germany is set to include Senegal, South Africa and Indonesia as guests at the meeting in Bavaria, but India remains under consideration, the ...

Bloomberg Finland is set to kick off a process that is likely to culminate in an application by Russia’s Nordic neighbor to join the defense alliance Nato. The government, together with President Sauli Niinisto, finalised a white paper on changes to the nation’s security environment following its former imperial master’s attack on Ukraine. The report will be sent to parliament ...

  Bloomberg Nationalist leader Marine Le Pen cast herself as the only candidate able to defend the poor in a clear pitch to left-wing voters, as a tight race for the French presidency enters its final phase. “I am fundamentally attached to social dialog,” Le Pen said during an hour-long interview with France Inter radio. Her rival, President Emmanuel Macron, ...

Bloomberg South Korea’s President-elect Yoon Suk Yeol plans to embrace nuclear energy in a bid to accelerate the nation’s goal to zero out emissions. An extensive revision to the energy mix, particularly atomic power, is “inevitable” in order for South Korea to reach its climate targets, the presidential transition committee said. Nuclear energy will be added to the taxonomy to ...

Bloomberg Sri Lanka warned of an unprecedented default and halted payments on foreign debt, an extraordinary step taken to preserve its dwindling dollar stockpile for essential food and fuel imports. All outstanding payments to bond holders, bilateral creditors and institutional lenders will be suspended until a debt restructure, the finance ministry said in a statement. The newly appointed central bank ...

  Bloomberg Bank of America Corp (BofA) saw its busiest year on record for the sustainable finance deals as demand for environmental, social and governance investments accelerates. The lender backed $250 billion of projects aimed at combating climate change and promoting social inclusion in 2021, more than double the $105 billion it arranged a year earlier, according to company executives. ...

  Bloomberg UBS Group AG increased pay for junior bankers in the US for a second time in less than a year, bringing the Swiss lender in line with Wall Street rivals trying to stem defections amid a race for talent. UBS increased base salaries for first-year analysts to $110,000, according to a person familiar with the matter who asked ...

  Bloomberg The UK announced a plan for government oversight of stablecoins and said it would consult on regulating a wider set of cryptoasset activities, signalling engagement with an industry it has clashed with at times as digital assets gain mainstream appeal. The government will amend existing legislation for electronic payments to bring stablecoins — a form of cryptoasset that ...

  Bloomberg Pakistan’s top central banker pledged policy actions “on a timely basis” to ensure stability amid a political shakeup and deteriorating economy. The comments from State Bank of Pakistan Governor Reza Baqir come as lawmakers choose Shehbaz Sharif as prime minister after Imran Khan was ousted in a no-confidence vote. Khan’s downfall was accelerated by inflation running faster than ...

  Bloomberg Peru raised interest rates to a 13-year high to tame soaring inflation that has triggered mass unrest in recent days. The central bank lifted its key rate half a percentage point to 4.5%, its ninth straight hike, in line with analyst forecasts. “The significant rise in international prices of energy and food since the second half of last ...