A vigilante and a gambler walk into a bond market. No, that’s not the start of a new joke, just the comical look of India’s fixed-income saloon nowadays. There’s no dearth of liquidity, but the bartender — the central bank — is having a tough time getting orders for the good stuff even by cajoling and threatening customers. At the ...

German Chancellor Angela Merkel has been known to apologize publicly from time to time, both for what she considers her own mistakes and for government decisions that she feels are justified but that can make voters unhappy. The latest Merkel apology was special, though, because it came with an abrupt reversal of a decision Merkel had engineered in one of ...

Bloomberg Hennes & Mauritz AB (H&M) stores in some parts of China are being closed by their landlords as fallout from the fashion retailer’s statement about forced labour in the contentious region of Xinjiang continues to spread. At least six stores in the lower-tiered cities of Urumqi, Yinchuan, Changchun and Lianyunang have been shut down by the owners of the ...

Bloomberg Norwegian Air Shuttle ASA secured approval of its restructuring plans from an Irish High Court judge, paving the way for the discount carrier to exit insolvency and raise up to $582 million in fresh capital. The examinership process won legal backing after earlier gaining the support of the majority of Norwegian’s creditors and shareholders. The company will now submit ...

Bloomberg Dozens of Myanmar protesters were killed in clashes with the military and police in the deadliest weekend since the February coup, sparking condemnation from governments around the world. At least 114 people died on Saturday, including civilians who weren’t taking part in demonstrations, according to rights group Assistance Association for Political Prisoners. Another nine deaths were reported on Sunday, ...

Bloomberg An explosion hit a Catholic church in central Indonesia during Palm Sunday celebrations, leaving at least 14 injured. The suspected suicide bombing occurred outside the Sacred Heart of Jesus Cathedral in Makassar city, Sulawesi island at about 10:30 am on Sunday just as mass had finished, national police spokesperson Argo Yuwono said in a briefing. Most of the victims ...

Bloomberg Denmark’s relationship with the European Union (EU) has historically mirrored that of the UK. Both countries applied for membership the same year (1961) and ultimately joined the same year (1973). Now, the government in Copenhagen says the EU’s intention to weigh in on a minimum-wage framework across the bloc might be more than Denmark is willing to swallow. In ...

Bloomberg French oil giant Total SE is evacuating most of the remaining employees from its liquefied natural gas project in northern Mozambique as insurgents attacked a town nearby, throwing Africa’s biggest private investment into disarray. The fresh violence that follows attacks at the turn of the year suggests Mozambique’s armed forces are struggling to regain control of the region surrounding ...

Bloomberg Australia’s largest locally-owned media business, Nine Entertainment Co., said it suffered a cyber-attack that disrupted its live television programming on Sunday. The attack prevented Nine from being able to broadcast its Weekend Today show on Sunday morning in Australia, the company said. Nine requested assistance from country’s cyber-intelligence agency, Australian Signals Directorate, after disruption, Sydney Morning Herald reported. “Our ...

Bloomberg African banks need to improve operating efficiencies and mitigate other risks quickly to avoid a revenue slump of as much as $48 billion over the next three years. If risks go unchecked, multiple years of low profitability will likely follow, according to a report by McKinsey. “Lessons from the 2008 economic crisis suggest that, in times of crisis, speed ...