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UK’s Johnson abandons bid, to delay probe

  Bloomberg Boris Johnson abandoned a bid to delay a vote on whether Parliament should investigate his past comments on “partygate,” as opposition lawmakers accused him of lying over rule-breaking during the pandemic. The UK prime minister, who is in India pushing for a trade deal, is missing the debate which started on Thursday in the House of Commons. Opening ...

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Traders bet ECB will lift policy rate above zero by year-end

  Bloomberg Traders are betting the European Central Bank (ECB) will raise rates above zero this year for the first time since 2012, after a string of hawkish comments from policy makers spurred speculation the bank is priming the market for faster-than-expected monetary tightening. Money markets are pricing 75 basis points of interest-rate hikes by the ECB’s December decision, according ...

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Fired BNP Paribas boss accused of ‘emotional terrorism’ seeks $4mn

  Bloomberg A senior BNP Paribas SA banker who denies terrorizing subordinates on the trading floor is claiming $4 million compensation for the unfair dismissal. Omar Alami, the then head of BNP’s equity derivatives sales for Switzerland, Belgium and Luxembourg, was fired in 2019 after an internal report revealed that a rant at a trader he allegedly called “useless” and ...

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