Bloomberg On an overcast morning last month, Serbia’s President Aleksandar Vucic arrived at a military airport near Belgrade to pose with six Chinese-made attack drones. “They have a long range, they can shoot at targets from a distance of nine kilometers and record the terrain, objects of interest to Serbia deep within enemy territory,” Vucic said standing alongside Serbian troops ...

Bloomberg Protests against economic turmoil, arrests and human-rights abuses in Zimbabwe have moved online with a hashtag that’s plays on the #BlackLivesMatter movement. The #ZimbabweanLivesMatter tag started after security forces blocked a street demonstration last week. It draws on the success of the global movement highlighting racial injustice that gained prominence after the death in May of George Floyd in ...

Bloomberg The Bank of England (BOE) is facing pressure from green campaigners to revise its pandemic rescue program after research showed it’s effectively subsidising polluting industries while claiming tackling climate change is a priority. The central bank’s 20 billion pound ($26 billion) Corporate Bond Purchase Scheme favours carbon intensive industries such as energy production and manufacturing, according to a report ...

Bloomberg HSBC Holdings Plc is planning a big boost to its wealth management staff in China in a bid to lift its sagging profits, increasing its presence in the face of mounting political tensions between Beijing and Western governments. In conjunctions with its earnings release, which revealed first-half profit halved, the bank said it’s targeting to hire 2,000 to 3,000 ...

Bloomberg British lenders have offered a taste of how much the worst recession in centuries is going to cost. The bill’s already at $22.4 billion. Write-offs at the country’s six biggest banks so far this year roughly equal Barclays Plc’s current market value. “There’s likely more of that to come, and with low interest rates dragging on revenues, full year ...

Bloomberg HDFC Bank Ltd. named Sashidhar Jagdishan as its new chief executive officer, breaking almost three decades of continuity under his predecessor at a time when the coronavirus pandemic is roiling India’s financial sector. The Reserve Bank of India cleared Jagdishan’s appointment for a three-year term starting Oct. 27, HDFC Bank said in an exchange filing on Tuesday. He replaces ...

Bloomberg Societe Generale SA said two deputies to Chief Executive Officer Frederic Oudea are stepping down in a shakeup of top management, as the bank vowed to accelerate the transformation of its business after posting the biggest loss since the onset of the financial crisis. As part of the overhaul, Deputy CEO Severin Cabannes will leave his post at the ...

Bloomberg Australia’s central bank kept its interest rate and yield target unchanged, while announcing it will end a three-month hiatus in bond buying, as Victoria state’s tighter and longer lockdown adds to headwinds. Reserve Bank of Australia Governor Philip Lowe and his board left the cash rate and three-year bond yield target at 0.25% on Tuesday, as expected by most ...

Bloomberg Stocks edged down in Europe alongside US index futures while bonds turned higher as investors waited for word on whether fresh fiscal stimulus will get approvals in the world’s largest economy. Declines in health-care and food shares pulled the Stoxx Europe 600 Index lower after it briefly opened higher on the heels of a tech-fuelled rally on Wall Street ...

Bloomberg Hong Kong stocks saw a sudden spike in afternoon trading on Tuesday, with property shares leading the advance. The Hang Seng Index rose 2% at the close as inflows from across the border continued for a seventh day. Before the advance, the gauge had fallen for three straight sessions. A measure of property stocks listed in the city increased ...