Bloomberg UK Prime Minister Boris Johnson was expected to make big changes to his cabinet as his Conservative government suffered a drop in support after announcing tax hikes in the wake of the coronavirus pandemic. The overhaul to Johnson’s top team comes ahead of a potentially tricky few months, as he continues to grapple with high levels of Covid-19 cases ...

Bloomberg North Korea fired off two ballistic missiles — its second major test in less than a week of weapons designed to bolster its capability to conduct nuclear strikes against Japan and South Korea. South Korea’s Joint Chiefs of Staff said two ballistic missiles were fired from central North Korea into waters off the eastern coast of the peninsula on ...

Bloomberg President Vladimir Putin has sidelined the last of his independent political opponents, jailing some and driving others into exile, as his ruling party seeks to extend its control in parliamentary elections despite simmering discontent. While Putin personally retains broad support, according to polls, his United Russia ruling party recorded some of the lowest ratings in nearly a decade earlier ...

Bloomberg Credit Suisse Group AG has become the latest lender to bet on Europe’s booming rental housing sector. The Swiss bank’s asset management arm is teaming up with real estate investor Mark to acquire and manage residential properties in city centers, according to a statement. The Doma venture seeks to raise an initial 350 million euros ($414 million). The partnership ...

Bloomberg Wells Fargo & Co delayed its return-to-office plans by another two weeks to early November. The firm, which has the biggest workforce of any US bank, will now begin bringing back employees who have been working remotely starting November 1, according to an internal memo from Chief Operating Officer Scott Powell. The bank had previously planned on beginning the ...

Bloomberg Deutsche Bank AG is reaching out to external candidates in its search for a successor to Chairman Paul Achleitner, after indications from several top internal candidates that they may not pursue the position. The nomination committee has been contacting people on a list compiled with help from headhunter Egon Zehnder International, people familiar with the matter said. The list ...

Bloomberg Commerzbank AG is poised to appoint Thomas Schaufler as its new retail head and Joerg Oliveri del Castillo-Schulz operating chief, filling two key roles as the lender seeks to put an end over a long period of management turnover. Oliveri del Castillo-Schulz would replace Joerg Hessenmueller, who is expected to vacate his post after facing criticism in recent months ...

Bloomberg Goldman Sachs Group Inc Chief Financial Officer (CFO) Stephen Scherr will depart the bank and end nearly three decades at the firm, paving the way for the latest round of executive reshuffling in the Wall Street giant’s highest rungs. Scherr, 57, who rose to CFO with the leadership change that brought in David Solomon as head of the firm, ...

Bloomberg Australia central bank chief Philip Lowe pushed back against investor bets on early interest-rate increases, arguing it will take time to drive faster wages growth and reiterating he doesn’t expect liftoff before 2024. “I find it difficult to understand why rate rises are being priced in next year or early 2023,” Lowe said in a speech to the Anika ...

Bloomberg Stocks in Europe struggled for traction as weak economic data from China fueled concerns about a slower global recovery from the pandemic. Travel and retail stocks led declines in the Stoxx Europe 600 Index, with H&M falling the most since July after missing sales estimates, while energy shares gained as oil extended an advance. Contracts on the S&P 500 ...