Bloomberg Russia is mobilising as many as 200,000 troops in wargames with Belarus, including thousands along their borders with the North Atlantic Treaty Organisation (Nato), as Moscow tightens military links with its isolated ally. Citing what he called “unending hybrid aggression from the West towards Belarus and Russia,” Belarusian President Alexander Lukashenko told troops at the Zapad-2021 wargames that “we ...

Bloomberg China urged the US to take steps to repair damaged ties between the two countries, as the Biden administration weighs a new investigation into Chinese industrial subsidies. Foreign Ministry spokesman Zhao Lijian called on the US to uphold the spirit of the telephone conversation last week between President Joe Biden and Xi Jinping. Zhao was responding to a question ...

Bloomberg The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the weight of Covid-19 drives freight prices ever higher. Whether it’s giant container ships stacked high with of 40-foot steel boxes, bulk carriers whose cavernous holds house thousands of tons of coal, ...

Bloomberg Two of the leading investors at Italy’s Assicurazioni Generali SpA are escalating their battle with the insurer’s management in a push that could include replacing Chief Executive Officer Philippe Donnet. Construction magnate Francesco Gaetano Caltagirone and Luxottica founder Leonardo Del Vecchio, who together own about 11% of Generali, reached an agreement to work toward “a more profitable and effective ...

Bloomberg UK Prime Minister Boris Johnson risks strangling growth with higher taxes on business to fix the public finances in the wake of the coronavirus pandemic, the country’s biggest business lobby said. The blunt criticism comes less than a week after Johnson and Chancellor of the Exchequer Rishi Sunak raised payroll levies on workers and companies to help fund health ...

Bloomberg Uber Technologies Inc lost another suit over its drivers’ working rights after an Amsterdam court ruled workers who ferry passengers using the Uber app in the Netherlands are covered by a local collective labour law. The legal relationship between Uber and its drivers meets all of the characteristics of an employment contract, the court said in its judgement. Uber ...

Bloomberg The Greek government raised its growth estimate for 2021, with the country set to repeat the economic performance not seen in about two decades. The revised forecast came after a stronger-than-expected expansion in the second quarter, paving the way for the government to roll out $4 billion of additional tax-relief measures and other assistance to combat rising prices. “Today ...

Bloomberg Chinese technology shares fall once again on Monday on the latest moves from Beijing to reshape online businesses. Traders mulled a report that the government intends to break up Ant Group Co’s Alipay business, a statement calling for better protection of gig economy workers’ rights and latest warning against blocking links to rival services. The Hang Seng Tech Index ...

Bloomberg European shares and US futures climbed ahead of critical US inflation data this week that traders will use to assess expectations about the timing of stimulus withdrawal and interest-rate hikes. The dollar edged higher and Treasury yields were little changed. Contracts on the S&P 500 and Nasdaq 100 advanced after indexes ended last week in red. Energy companies led ...

Bloomberg Investments in Japanese real estate investment trusts are now more attractive than traditional financial assets such as domestic stocks and bonds thanks to the Bank of Japan’s unprecedented monetary easing, according to a report by staff of the world’s largest pension fund. Japan’s Government Pension Investment Fund employees concluded in the report released Sept. 10 that portfolio performance could ...