Politics

  Bloomberg India western state of Maharashtra, home to the country’s financial capital, is staring at a political crisis with lawmakers from Chief Minister Uddhav Thackeray’s Shiv Sena threatening to exit his ruling coalition and demanding the renewal of an alliance with Prime Minister Narendra Modi’s Bharatiya Janata Party. Several legislators from the Shiv Sena party, led by senior leader ...

  Bloomberg Former President Luiz Inacio Lula da Silva saw his lead over incumbent Jair Bolsonaro grow to 17 percentage points in a possible second round, the widest in five months, according to a new poll carried out after the latest fuel price increase in Brazil. Lula would receive 52% of the votes while Bolsonaro would get 35% in a ...

  Bloomberg At least 1,000 people have been killed and hundreds more injured after a powerful earthquake hit southeastern Afghanistan overnight, setting off a new humanitarian crisis in a country already facing a crumbling economy and hunger. The eastern Paktika province was the worst hit, Sharafuddin Muslim, the deputy state minister for Disaster Management said. The state-run Bakhtar News agency ...

  Bloomberg Rocket attacks on the Ukrainian port city of Mykolayiv have damaged a terminal owned by agricultural trader Viterra. “Viterra can confirm that its Everi terminal was hit and is currently on fire,” a company spokesperson said Wednesday, adding that there were no fatalities. The terminal can export as much as 1.5 million tons of vegetable oil a year. ...

  Bloomberg Chinese President Xi Jinping criticized sanctions for stoking global economic pain in a speech kicking off this year’s BRICS summit, as he seeks to bolster relations with emerging markets in the wake of strained Western ties. Without explicitly naming the US, Xi said that the international community is worried that the global economy will split into mutually exclusive ...

  Bloomberg Mario Draghi is facing the biggest coalition turmoil since he became Italy’s prime minister in 2021, just as he sets out for a week of back-to-back international summits that will focus on Russia’s war in Ukraine. Foreign Minister Luigi Di Maio, one of the highest-profile members of Draghi’s cabinet, on Tuesday acrimoniously quit the Five Star Movement that ...

  Bloomberg China sent its third-largest sortie of warplanes towards Taiwan this year, after the US rejected Chinese claims over the Taiwan Strait and reports of arms sales talks with Taipei in Washington. Twenty-nine Chinese aircraft, including six H-6 bombers and an electronic intelligence gathering plane, entered Taiwan’s southwestern air defense identification zone Tuesday, according to a tweet from the ...

  Bloomberg Brexit has reduced the competitiveness of the British economy, with alarming implications for productivity and wages, according to the Resolution Foundation. The research firm said a loss of openness since Britain left the European Union is set to leave the country poorer in the coming decade, with advanced manufacturing and parts of northern England dealt the heaviest blow. ...

Bloomberg The secretary of Russia’s Security Council threatened retaliation in a growing standoff with the European Union after Lithuania blocked the transit of sanctioned goods to the Baltic exclave of Kaliningrad. Russia “will certainly respond to such hostile actions” and appropriate measures will be taken soon, Nikolai Patrushev, a close ally of President Vladimir Putin, said Tuesday in comments from ...

Bloomberg India is expected to push back against an anticipated effort by Chinese President Xi Jinping to use this year’s Brics summit as a platform to highlight his efforts to build an alternative to the US-led global order, Indian officials with knowledge of the matter said. The virtual event, which Beijing is hosting this week, is set to bring together ...