Bloomberg Washington criticized China and Russia for promoting a conspiracy theory that the US military runs biolabs in Ukraine, escalating a dispute over attempts at misleading the public over the war in Europe. “We took note of Russia’s false claims about alleged US biological weapons labs and chemical weapons development in Ukraine,” White House Press Secretary Jen Psaki said in ...

  Bloomberg China’s credit expansion slowed as a long holiday and the slumping housing market meant people and companies borrowed less, raising expectations that the central bank will need to do more to support growth. Banks lent 1.2 trillion yuan ($194 billion) in the month, down from 4 trillion yuan in January and less than in February last year, the ...

  Bloomberg Nigerian lenders cut the dollar spending limits on local currency cards to free more resources to fund imports after the central bank signaled it will stop foreign-exchange sales to banks. United Bank for Africa Plc stopped the use of naira card to withdraw dollars from automated teller machines outside the country or make international payments at point of ...