International News

Bloomberg Swiss drug-ingredient maker Lonza Group AG said it plans to keep investment at high levels over the coming years to keep up with demand to manufacture products such as Moderna Inc.’s Covid-19 vaccine. Capital expenditure will be 25% of total revenue this year and remain at such elevated levels for the next few years, the company said on Tuesday. ...

Bloomberg UK government bond yields have climbed to levels last seen before the Brexit referendum in 2016 relative to German peers, as traders brace for inflation in Britain over the next decade to far outpace the rate in Europe’s largest economy. The extra yield investors demand to own 10-year gilts over equivalent bunds jumped to more than 125 basis points ...

Bloomberg German investor confidence declined for a fifth month in October, adding to evidence that global supply bottlenecks and a surge in inflation are weighing on the recovery in Europe’s largest economy. The ZEW institute’s gauge of expectations fell to 22.3 from 26.5 the previous month, the lowest since the start of coronavirus lockdowns last year. The outlook for the ...

Bloomberg It turns out that 2021 was a pretty good year to be an American farmer. After struggling through extreme weather, a trade war and tepid demand in recent years, things started to turn around this season as Chinese buying roared back. What’s more, crops proved resilient against bouts of dryness that hit some parts of the Midwest, and analysts ...

Bloomberg Canada has recovered all of the roughly three million jobs lost to Covid-19. The country’s economy added 157,100 jobs in September, returning the labour market to pre-pandemic levels, Statistics Canada said in Ottawa. That compares with economists’ expectation of 60,000 new jobs, according to the median estimate in a Bloomberg survey. The unemployment rate fell to 6.9% from 7.1% ...

Bloomberg Brazil’s consumer prices rise less than expected in September, supporting the central bank’s view that inflation peaked just above 10% and will start to slow as rising borrowing costs cool down the economy. Inflation accelerated to 10.25% from a year ago, its fastest pace since February 2016, and to 1.16% from the month prior, the national statistics institute reported. ...

Bloomberg European manufacturers are increasingly strained by global supply-chain problems that are pushing up prices and may last well into next year. A gauge by IHS Markit measuring business activity in manufacturing falls last month by the biggest margin since April 2020 — the beginning of the Covid-19 pandemic. Growth in new orders, output and employment slowed considerably. “Supply issues ...

Bloomberg Elon Musk plans for Tesla Inc.’s electric-car plant near Berlin to start producing vehicles as early as next month even as the US company still awaits final approval for the project that’s been delayed by legal challenges. The factory is to begin making Model Y cars in November or December, Musk said during a visit to the site in ...

Bloomberg Sweden’s economy shrinks far more than anticipated in August, driven by a slump in exports, raising concerns the recovery of the largest Nordic economy may be cut short. Gross domestic product contracted 3.8% in August, the biggest fall since the monthly indicator was launched in February, according to a flash estimate from Statistics Sweden. Economists surveyed by Bloomberg predicted ...

Bloomberg The UK is more vulnerable to financial shocks than most other nations, a Bank of England (BOE) study concluded, indicating that openness to trade and banking poses some risks. Britain has more foreign assets and liabilities than any other major economy and relies on trade for 60% of its gross domestic product (GDP), more than the average across other ...