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US ban on Xinjiang imports is off to ‘good start’

  Bloomberg Four months into a sweeping ban on imports from China’s Xinjiang region, the top US customs official is signaling confidence that companies are observing the embargo. “There are going to be some rough spots along the way, but I think we’ve been off to a remarkably good start,” Chris Magnus, the commissioner of US Customs and Border Protection, ...

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Erdogan open to talks with Swedish leader on Nato bid

  Bloomberg Turkish President Recep Tayyip Erdogan said he is willing to meet Sweden’s leader to discuss the Nordic country’s bid to join Nato. Erdogan said he instructed his staff to respond positively to a request from Swedish Prime Minister Ulf Kristersson for talks. “We will discuss these topics with him in our country,” state-run Anadolu Agency cited Erdogan as ...

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A $58.6bn jump in mortgage costs fuels risk for UK lenders

  Bloomberg A surge in bad loans awaits UK banks as higher interest rates saddle homeowners with an estimated £52 billion ($58.6 billion) of added mortgage payments over the next three years, an analyst warned as he downgraded his ratings on several lenders. The jump in costs will help push the personal debt service burden towards about 10% of post-tax ...

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