Bloomberg Turkey is nearing a decision to approve Finland’s accession to the North Atlantic Treaty Organization by next month at the latest, potentially leaving Sweden out in the cold, according to people familiar with the matter. President Recep Tayyip Erdogan is close to concluding that steps taken by Helsinki to address security concerns have been enough for lawmakers to ratify …

  Bloomberg The US and the Philippines have agreed to resume joint patrols in the South China Sea amid lingering tensions with China in the disputed waters. The decision was reached during Thursday’s meeting between US Defense Secretary Lloyd Austin and his Philippine counterpart, Carlito Galvez, where they also exchanged views “on shared regional security challenges in the Indo-Pacific,” according …

  Bloomberg The Bank of England (BOE) signalled the fastest pace of interest-rate hikes in three decades may be drawing to a close after it raised its benchmark lending rate a half point. Policy makers led by Governor Andrew Bailey voted 7-2 to raise the benchmark lending rate to 4%, the highest since 2008. The majority said strong pay growth …