Bloomberg Russian missiles hit a military training facility in western Ukraine close to the Polish border that had been used regularly by Nato before the invasion. The strike, which comes after Russia warned that convoys of Western military supplies for Ukraine would be considered legitimate targets, raised new concerns about the conflict potentially spilling over Ukraine’s borders. Initial reports suggest ...

Bloomberg White House officials including Press Secretary Jen Psaki briefed about 30 social-media influencers on US policy on Ukraine in an effort to counter Russian propaganda, a spokeswoman said. The creators, who are active mainly on Bytedance Ltd’s TikTok, were given an overview of the latest White House thinking on Ukraine during a video call, with material similar to that ...

  Bloomberg Talks between military commanders of China and India to resolve a two-year-old border dispute — at its worst in four decades — were inconclusive, a joint statement issued by India’s Ministry of Defense said. A quick resolution of the border dispute would help “facilitate progress in bilateral relations,” the two sides said. This round of talks — the ...

Bloomberg A campaign for South African President Cyril Ramaphosa to retain the leadership of the ruling African National Congress (ANC) when it holds internal elections in December is gathering momentum, with some key party officials throwing their weight behind him. “There is an emerging consensus that the president must get a second term,” Justice and Correctional Services Minister Ronald Lamola, ...

Bloomberg About 300,000 people in Hong Kong are currently in isolation or under home quarantine because of Covid, Chief Executive Officer Carrie Lam said at a press conference on Sunday. The city has boosted support for isolated people because of the high numbers and will start sending medical packages to Covid patients from Monday, officials said. The supplies will include ...

Bloomberg Russia has already lost access to almost half of its reserves and sees more risks to President Vladimir Putin’s war chest due to increased pressure from the West on China, said Finance Minister Anton Siluanov. “The total volume of our reserves is about $640 billion, and about $300 billion are in such condition that we can’t use them now,” ...

  Bloomberg Deutsche Bank AG reversed course and is now joining Wall Street banks Goldman Sachs Group Inc. and JPMorgan Chase & Co. in pulling back from business in Russia following the country’s invasion of Ukraine. “Like some international peers and in line with our legal and regulatory obligations, we are in the process of winding down our remaining business ...

  Bloomberg European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said uncertainty about the length of the current oil shock and the economic impact of Russia’s invasion of Ukraine mandate a cautious approach to monetary and budgetary policies in Europe. The oil shock “is very strong in its intensity, we don’t know its duration yet,” the Bank ...

  Bloomberg Reserve Bank of Australia (RBA) No. 2 Guy Debelle is stepping down from his position in an unexpected move that sees the departure of a potential future governor from the central bank. Debelle, who sits on the RBA’s policy-setting board, will join Fortescue Future Industries, a clean energy arm of iron ore miner Fortescue Metals Group, as chief ...

  Bloomberg Banco BPM SpA is considering a possible sale or partnership for its payments unit, as Italy’s third-largest bank shifts strategy in a bid to maximise shareholder value. “We are examining all the options for our merchant-acquiring business, including a disposal or a joint venture agreement,” Chief Financial Officer Edoardo Ginevra said. “In past Banco BPM’s moves to value ...