Bloomberg Officials heading to the Nato summit in Madrid are holding out hope of persuading Turkey to allow Finland and Sweden to advance their membership applications. US President Joe Biden told his Turkish counterpart, Recep Tayyip Erdogan, in a phone call on Tuesday morning that he’s looking forward to speaking to him in the Spanish capital, the White House said. ...

Bloomberg The UK government would have to pay £14 billion pounds ($17 billion) a year to give public-sector workers the 7 percent pay raise that some of them are demanding. The figures, from an analysis by Bloomberg Economics, shed light on the options Prime Minister Boris Johnson is facing to defuse the biggest round of strikes in decades. Rail workers ...

  Bloomberg California Governor Gavin Newsom announced that he had reached an agreement with state legislators on a $17 billion “inflation relief package.” “Millions of Californians will be receiving up to $1,050 as part of a new middle class tax rebate. That’s more money in your pocket to help you fill your gas tank and put food on the table,” ...