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France risks divisions with debate on immigration

Bloomberg French President Emmanuel Macron’s government was expected to outline changes to immigration laws, testing whether it can navigate divisions among political factions that have been accentuated by a spat with Italy over a migrant boat. Prime Minister Elisabeth Borne will present plans to the National Assembly that would overhaul the asylum system, giving more undocumented workers legal status while ...

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UK Tory donations sink to lowest in two years

  Bloomberg Donations to the UK Conservatives sank to their lowest in more than two years in the third quarter, when the ruling party was riven by infighting which led to the ouster of former Prime Minister Boris Johnson. Rishi Sunak’s party received almost £3 million ($3.7 million) in donations in the three months through September, a 45% drop on ...

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Australia raises key interest rate, warns more tightening

  Bloomberg Australia’s central bank raised its key interest rate for an eighth consecutive month and said it expects to tighten further as policy makers combat the hottest inflation in three decades. The Reserve Bank increased its cash rate by a quarter-percentage point to 3.1%, the highest level since November 2012, at its final meeting of 2022. The widely anticipated ...

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