Bloomberg Turkey’s central bank slowed the pace of interest rate cuts at its meeting on Tuesday after the failed coup attempt triggered a sell-off in the currency and sovereign debt. The bank lowered its overnight lending rate by 25 basis points, which fell short of the 50-basis-point cuts it delivered during the past three meetings but matched the median ...

  Bloomberg Truckmakers, including Daimler AG and Paccar Inc.’s DAF Trucks, agreed to pay European Union regulators a record €2.93bn ($3.24 bn) in fines for fixing truck prices over 14 years. Daimler got the largest penalty of €1.01 billion and DAF will pay €752.7 million as part of a settlement with the European Commission that cut potential fines by at ...

  Bloomberg U.K. inflation accelerated more than economists forecast in June, boosted by airfares on trips to continental Europe. The rate rose to 0.5 percent from 0.3 percent in May, the Office for National Statistics said in London on Tuesday. Economists had expected 0.4 percent, according to the median estimate in a Bloomberg survey. Core inflation, which excludes volatile food ...