BLOOMBERG A Russian fighter jet collided with a US surveillance drone in international airspace above the Black Sea, causing the American aircraft to crash, the Pentagon said. Russia’s defense ministry denied the US claim, saying its jets didn’t come into contact with the drone, according to a statement posted on Telegram. The statement said the drone’s transponders were off, and …

BLOOMBERG Ex-Australian Prime Minister Paul Keating condemned the center-left Labor government’s deal with the US and UK to obtain nuclear submarines, saying the nation’s military sovereignty was being surrendered to the “whim and caprice” of Washington. A former Labour party leader, Keating served as prime minister from 1991 to 1996, during which he sought to loosen Australia’s bonds with the …

BLOOMBERG The European Central Bank (ECB) should either delay or pare back this week’s planned interest-rate increase to avoid a policy error reminiscent of 2011, former Executive Board member Lorenzo Bini Smaghi told Boersen-Zeitung. The German newspaper published an interview with the Italian, the eve of a decision for which a half-point hike has been described by President Christine Lagarde …