International News

Bloomberg Italy’s government will spend around 3.5 billion euros ($4.1 billion) to protect consumers from a surge in energy prices that’s hit countries across Europe, according to people familiar with the matter. The disbursement could be approved as soon as next week, the people said, asking not to be named discussing confidential plans. Prime Minister Mario Draghi’s administration is also ...

Bloomberg Used car prices, one of the biggest drivers of US inflation this year, rise again in early September on a monthly basis after idling over the summer. The Manheim US Used Vehicle Value Index, a measure of pricing trends, increased 3.6% in the first half of September compared with a month earlier. That puts it on track for the ...

Bloomberg Hungary plans to offer a range of dollar and euro bonds to shore up its budget as it’s facing a potential delay in accessing European Union funds because of a feud with the bloc over democratic values. The country may sell 10-year and 30-year bonds in dollars, as well as seven-year and/or 20-year bonds in euros. Hungary’s debt management ...

Bloomberg UK inflation surged more than expected to the strongest pace in more than nine years, prompting investors to anticipate a sharper increase in interest rates in 2022. Consumer prices jumped 3.2% in August from a year ago, the most since March 2012, Office for National Statistics said. The reading was up from 2% in July and above the highest ...

Bloomberg China’s government is assembling a group of accounting and legal experts to examine the finances of China Evergrande Group, a potential precursor to a restructuring of the world’s most indebted developer. Regulators in Evergrande’s home province of Guangdong dispatched a team last month from King & Wood Mallesons, a law firm whose specialties include restructuring, two people familiar with ...

Bloomberg Gogoro, a Taiwanese startup that specialises in battery-swapping technology, is in talks to go public through a merger with Poema Global Holdings Corp, a blank-check firm, according to people with knowledge of the matter. The deal is set to value the combined company at $1 billion or more, the people said, asking not to be identified as the information ...

Bloomberg India and Singapore will link their fast-payment systems to step up cross-border payments and remittance flows, which amount to more than $1 billion each year currently. India’s Unified Payments Interface will be joined with Singapore’s PayNow by July 2022 to enable users to make instant, low-cost fund transfers while staying on their own systems, the Reserve Bank of India ...

Bloomberg Singapore is planning new measures to boost its domestic stock market, according to people with knowledge of the matter. State investment giant Temasek Holdings Pte’s 65 Equity Partners Holdings Pte, with a fund size of at least S$1 billion ($745 million), will invest in Singapore and regional mid-cap firms, including initial public offerings, the people said. Temasek and sovereign ...

Bloomberg Malaysia’s PM Ismail Sabri Yaakob will announce the easing of more virus curbs in the economic and social sectors soon amid concern over the lockdowns’ effect on mental health. The committee managing the pandemic has agreed to provide several “low-risk” concessions for the population, said Defence Minister Hishammuddin Hussein in a press conference on Tuesday. It is also looking ...

Bloomberg South Korea fined Alphabet Inc’s Google $177 million for hampering the development of rivals to its Android operating system, sustaining a campaign targeting the US search giant’s dominance in smartphone software. Regulators accuse Google, whose mobile operating system powers more than 80% of smartphones around the world, of using its immense bargaining power to squeeze out the competition. The ...